China’s factory price drop eases, consumer prices plunge

09.12.2020 - Kulakov Vladimir
China’s factory price drop eases, consumer prices plunge

November had seen China’s factory gate prices decline at a slower pace, indicating that the country’s economy made a mild rebound from the coronavirus drag. However, weak food prices heavily weighed on consumer prices, recording their first drop in over a decade.

The producer price index (PPI) plunged 1.5% year-on-year, the National Bureau of Statistics said on Tuesday. The figure came milder than the 2.1% drop seen in October and lower than the 1.8% decline expected by analysts in a Reuters survey.

After advancing 0.5% in October, the consumer price index (CPI) surprisingly dropped 0.5% in November from a year ago. The decrease came as the very first decline the index had recorded since October 2009. In addition to this, analysts in a Reuters poll made no changes in their forecast since the latest reading was lower than any forecast in the survey.

 

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 umarkets.ai 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?