Import volumes fell much less in October than after the 2014 sales tax hike, supporting our view that the tax hike will dent domestic demand less this time around. Export volumes also fell in monthly terms and we expect them to fall a bit further next year as external demand remains weak.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services