25 Aug 2017
China Sourcing Update: Price Index for US Imports from China (Jul 2017)
Price index for US imports from China edges up in July Compiled by the US Department of Labor, the price index for US imports from China rose from 100.0 in June to 100.1 in July (see exhibit 1).
In our view, the index readings in recent months indicate that the prices of US imports from China have stabilized after nearly five years of continuous fall. Possible reasons include a slight appreciation of the Chinese yuan against the US dollar and the bottoming-out of the ex-factory prices of Chinese products in Renminbi terms in the last few months.
Looking ahead, we expect the price index for US imports from China to trend slightly upward in the near future, as the exchange rate of the Chinese yuan against the US dollar and the ex-factory prices of Chinese products are likely to continue their upward trends.
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