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NBS: July PPI down by 2.4% y/y, up by 0.4% m/m

2020-08-13 www.cofeed.com

In July 2020, Producer Price Index (PPI) for manufactured goods dropped by 2.4% year-on-year and rose by 0.4% month-on-month. The purchasing price index for manufactured goods decreased by 3.3% year-on-year and increased by 0.9% month-on-month. From January to July, 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: National Bureau of Statistics of China)