Exports surge as China cools; Nigeria’s inflation to ease; NBS data signals policy impact and economic momentum.
China's official PMI has held at the expansion threshold near 50, with new orders and production softening slightly. Analysts cite robust energy security and ongoing export strength, though domestic demand remains sluggish amid a housing slump. Exports to Europe and Southeast Asia help offset U.S. demand weakness. Morgan Stanley sees 2026 growth near the 4.5–5% target.
Exports jump more than 19% in May, while imports rise over 27%, leaving a trade surplus of $105.4 billion—the strongest since January. Inflation and consumer spending in major economies show mixed signals as global demand ebbs and flows.