26 July 2017
China Sourcing Update: Price Index for US Imports from China (Jun 2017)
Price index for US imports from China drops slightly in June
Compiled by the US Department of Labor, the price index for US imports from China edged down from100.1in May to 100.0 in June (see exhibit 1).
In our view, the index readings in recent months indicate that the prices of US imports from China have stabilized after almost five years of continuous fall. Possible reasons include a relatively stable exchange rate 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 stay around the current level in the foreseeable future, roughly in line with the movement of the ex-factory prices of Chinese products.
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