NBS: Feb PPI down 0.4% y/y and 0.5% m/m
In February 2020, Producer Price Index (PPI) for manufactured goods decreased by 0.4% year-on-year and by 0.5% from the previous month. The purchaser price index for manufactured goods decreased by 0.5% year-on-year and by 0.3% from the previous month. From January to February, on average, the PPI for manufactured goods declined by 0.2% from the same period last year and that of the purchasing price index for manufactured goods decreased by 0.4%. (source: National Bureau of Statistics)
Fig. 1: Producer Price Index (blue: year on year; yellow: month on month)
Fig. 2: Purchasing Price Index (blue: year on year; yellow: month on month)