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NBS: Aug PPI down by 2.0% y/y, up by 0.3% m/m

2020-09-11 www.cofeed.com

In August 2020, Producer Price Index (PPI) for manufactured goods dropped by 2.0% year-on-year and rose by 0.3% month-on-month. The purchasing price index for manufactured goods decreased by 2.5% year-on-year and increased by 0.6% month-on-month. From January to August, the producer price index for manufactured goods decreased by 2.0% year-on-year, and the purchasing price index for manufactured goods decreased by 2.7%.

 

(Source: China’s National Bureau of Statistics)