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NBS: May PPI down 3.7% y-o-y and 0.4% m-o-m

2020-06-10 www.cofeed.com
In May 2020, Producer Price Index (PPI) for manufactured goods declined by 3.7% from the corresponding period last year and 0.4% from the previous month, according to the National Bureau of Statistics. The purchasing price index for manufactured goods lowered 5.0% than a year earlier and 1.2% than a month earlier. On an average, from January to May, the PPI sank by 1.7% and the purchasing price index decreased by 1.5% from the same period last year.


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)