China’s factory gate prices reach historic highs in three years

11.05.2021 - Evdokimov Roman
China’s factory gate prices reach historic highs in three years

Factory gate prices in China advanced at their fastest pace in three and a half years in April, official data showed on Tuesday. The acceleration could be attributed to the country’s sustained economic momentum after its economy saw an expansion in the first quarter.

The producer price index (PPI) recorded an annualized 18.3% increase from a year ago, the National Bureau of Statistics said in a statement. The reading came larger than the 6.5% jump expected by analysts in a Reuters survey. This also surpassed a 4.4% hike seen in March.

As for the consumer price index (CPI), it recorded a 0.9% year-on-year jump in April. The figure placed a shade lower than the 1.0% rise expected by analysts. After an 18.3% reading recorded by the country’s gross domestic product in the first quarter, the economy was expected to grow another 8% in 2021.

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?