In November 2020, Producer Price Index (PPI) for manufactured goods dropped by 1.5% year-on-year and rose by 0.5% month-on-month. The purchasing price index for manufactured goods decreased by 1.6% year-on-year and increased by 0.7% month-on-month. From January to November, the producer price index for manufactured goods decreased by 2.0% year-on-year, and the purchasing price index for manufactured goods decreased by 2.5%.

(Sources: 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)