National Bureau of Statistics sees China’s Producer Price Index better-than-expected

09.07.2020 - Davydova Maria
National Bureau of Statistics sees China’s Producer Price Index better-than-expected

China saw its factory gate data for June perform better than expected on Thursday morning. However, persistent deflation indicated that the impact from the COVID-19 pandemic still continues to linger.

The data, released by the National Bureau of Statistics (NBS), showed a 3% decrease in the Producer Price Index (PPI) year-on-year, compared to analysts’ forecast of a 3.2% drop. The decline in PPI was smaller compared to the drop of 3.7% in May.

Meanwhile, Consumer Price Index (CPI) for June fell by 0.1% month-on-month, smaller than May’s 0.8% drop. But the CPI dropped 2.5% year-on-year, compared to May’s 2.4% drop.

The data bolstered Chinese stock markets on Thursday.

The NBS said in a statement that the PPI decreased when “international commodity prices picked up, domestic manufacturing steadily recovered, and market demand continued to improve.”

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 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 PROMETHEUS 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 or PROMETHEUS LTD." 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?