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Goldman with the note:
Bottom line:
Exports in three Asian economies of which trade data are released early (mainland China, Korea and Taiwan) rebounded 3.6% mom sa in August in nominal USD terms, each above respective consensus expectations. Sequential gains were led by a strong turnaround in non-tech exports, helped by robust demand globally, especially in DMs. Imports also gained above expectations to 2.3% mom sa and the trade balance moderated slightly.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.