China inflation loses momentum amid broader rebound

15.10.2020 - Davydova Maria
China inflation loses momentum amid broader rebound

September had seen China’s factory gate prices dropping faster than what was expected. Meanwhile, consumer inflation grew at its most gradual pace in 19 months, highlighting the challenges that the country faces amid its emergence from the coronavirus drag.

After recording a 2.0% drop in August, the producer price index (PPI) fell 2.1% in September. The figure released by the National Bureau of Statistics placed lower than the 1.8% drop expected by economists in a Reuters survey, marking its eighth month of decline. Meanwhile consumer prices expanded behind expectations.

In the second quarter, China’s gross domestic product had recorded a 3.2% increase from a year ago. This could be attributed to a sustained recovery backed by large volumes of stimulus from the government and easing coronavirus infections.

Risk disclaimer "Market Solutions Ltd – Suite 305 Griffith Corporate Centre P.O. Box 1510 Beachmont, Kingstown, St Vincent and the Grenadines is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0128 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of Market solutions Ltd and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.ai or Market Solutions limited." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue
×

Help with deposit?