China’s factory gate prices accelerate on upbeat economic rebound

09.04.2021 - Petr Mazaylo
China’s factory gate prices accelerate on upbeat economic rebound

Factory gate prices in China accelerated above expectations in March, tallying the sharpest pace of growth since July 2018. The expansion was indicative of the country’s sustained economic recovery from the coronavirus pandemic. 

China’s producer price index recorded a 4.4% increase, the National Bureau of Statistics said. The annualized reading came larger than the 3.5% forecast expected in a Reuters survey, placing higher than the 1.7% jump seen in February. 

Consumer price index, on the other hand, recorded an annualized 0.4% increase in March. It also placed above expectations, and it returned to inflation after two consecutive months of contraction. While the latest figures underscored the country’s brisk emergence from the coronavirus pandemic, China’s economic outlook remained murky.

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?