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China Apr PPI Rises 2.8% YoY, Above Forecast of 1.8%
China's National Bureau of Statistics announced that in April, the Producer Price Index (PPI) rose 2.8% YoY, above market expectations of a 1.8% increase, and increased 1.7% MoM. T...
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China Apr PPI Rises 2.8% YoY, Above Forecast of 1.8%
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China's National Bureau of Statistics announced that in April, the Producer Price Index (PPI) rose 2.8% YoY, above market expectations of a 1.8% increase, and increased 1.7% MoM. The purchasing prices of industrial producers rose 3.5% YoY and 2.1% MoM. In the first four months, the average PPI edged up 0.2% YoY, while the purchasing prices of industrial producers increased 0.5%.

In April, among PPI components, prices of means of production rose 3.8% YoY, contributing about 2.98 ppts to the overall PPI increase. Among them, prices in the mining industry rose 10.6%, raw materials industry prices rose 7.1%, and processing industry prices increased 1.5%. Prices of means of livelihood fell 1.0%, dragging down the overall PPI by about 0.23 ppts. Within this category, food prices dropped 1.9%, clothing and general daily necessities prices both declined 1.1%, and durable consumer goods prices fell 0.3%.

Related NewsImports YoY for Apr in China is 25.3%, lower than the previous value of 27.8%. The forecast was 15.2%.
Among purchasing prices of industrial producers, prices of non-ferrous metal materials and wires surged 21.3% YoY, chemical raw materials prices rose 5.9%, fuel and power prices increased 4.4%, and textile raw materials prices gained 1.0%. Meanwhile, prices of construction materials and non-metallic materials fell 5.1%, agricultural and sideline products prices dropped 2.1%, and ferrous metal materials prices declined 0.9%.

On a MoM basis, in April, prices of means of production rose 2.1%, contributing about 1.68 ppts to the overall PPI increase. Among them, mining industry prices climbed 5.7%, raw materials industry prices rose 4.9%, and processing industry prices edged up 0.4%. Prices of means of livelihood slipped 0.1%, dragging down the overall PPI by about 0.02 ppts. Food prices fell 0.4%, clothing prices dipped 0.1%, while prices of general daily necessities and durable consumer goods both rose 0.1%.

Among purchasing prices of industrial producers, chemical raw materials prices increased 7.3% MoM, fuel and power prices rose 6.3%, textile raw materials prices gained 1.3%, ferrous metal materials prices rose 0.6%, and agricultural and sideline products prices increased 0.3%. Prices of construction materials and non-metallic materials fell 1.0%, while prices of non-ferrous metal materials and wires edged down 0.1%. (jl/da)

Related NewsOutstanding Loan Growth YoY for Apr in China is 5.6%, lower than the previous value of 5.8%. The forecast was 5.8%.

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