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China's PPI slips to worst levels since 2016

  • Regular
  • Asian Market
  • 2 months ago
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China's producer price index retreated by 0.8% year-on-year during the month of August, following the previous month’s decline of 0.3% and falling short of the market’s expected target of 0.9%.

Thus, marking the sharpest decline in production since August 2016, mainly due to a drop in producer prices, raw material processing and extraction also falling.

Other prices which fell were durable goods, food production and clothing.

 

 

Source: Smart Trend Team