16 March 2018
China Sourcing Update: Price Index for US Imports from China (Feb 2018)
Price index for US imports from China
Price index for US imports from China rises in February
Compiled by the US Department of Labor, the price index for US imports from China went up from 100.1 in January to 100.3 in February.
In our view, the index readings in the last few months indicate a slight increase in the prices of US imports from China, supported by an appreciation of the Chinese yuan against the US dollar and a rise in the ex-factory prices of Chinese products in Renminbi terms in the period.
Looking ahead, we expect that the price index for US imports from China will trend slightly upward in the coming months, as the ex-factory prices of Chinese products are likely to stay high in the near future.
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