China's PPI slips to worst levels since 2016
- Asian Market
- 2 months ago
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