In September 2020, Producer Price Index (PPI) for manufactured goods dropped by 2.1% year-on-year and rose by 0.3% month-on-month. The purchasing price index for manufactured goods decreased by 2.3% year-on-year and increased by 0.4% month-on-month. On an average of January-September, the producer price index for manufactured goods decreased by 2.0% from a year earlier, and the purchasing price index for manufactured goods decreased by 2.6%.

(Source: China’s National Bureau of Statistics)

Fig. 1: Producer Price Index (blue: y-o-y; yellow: m-o-m)

Fig. 2: Purchasing Price Index (blue: y-o-y; yellow: m-o-m)