China’s factory-gate prices see narrowed decline in November

| 265 | :   Twitter |   LinkedIn

China’s producer prices saw a narrowed decline in November amid a steady recovery in industrial activities, official data showed Wednesday.

China’s factory-gate prices see narrowed decline in November

More from Business

The producer price index (PPI), which measures costs for goods at the factory gate, fell 1.5 percent year on year in November, narrowed from the 2.1-percent drop in October, said the National Bureau of Statistics (NBS).

On a monthly basis, the PPI rose 0.5 percent last month.

Market demand continued to improve in November with rising prices of industrial products, said NBS senior statistician Dong Lijuan.

Among the 40 surveyed industrial sectors, 24 saw prices rise month on month in November, up from 12 sectors seen in October.

Affected by upward international prices of crude oil, the sub-index for the oil and gas extraction industry edged up 0.9 percent from the previous month, according to the NBS.

With increasing demand for winter heating, the PPI for coal mining as well as gas production and supply sectors rose 2.2 percent and 2.8 percent month on month, respectively.

In the first 11 months, the PPI went down 2 percent on average from the same period last year, NBS data showed.

Advertise Here

The PPI data came along with the release of the consumer price index, a main gauge of inflation, which dipped 0.5 percent year on year in November.

| 5776 | :   Twitter |   LinkedIn


Source : China | Photocredit : Google

Follow China Today

Subscribe Now

Enter your email address:

Topic Keywords # #

Related News

China’s box office starts the Year of the Ox breaking daily world record post COVID-19

China’s box office on Friday, the first day of the Chinese New Year, set a new record for the daily box office of China’s film market and broke…

‘Shock Wave 2’ tops China’s box office

A blockbuster making a splash in China’s lackluster market, the crime thriller Shock Wave 2, starring Andy Lau, has overtaken Eddie Peng’s The Rescue to top the country’s box office charts since…

Initial box office remains tepid while critics say woman warrior remains a role model

Song of Mulan, the ballad written 1,500 years ago by an anonymous Chinese poet, has inspired countless plays, novels and poems over the centuries. It is part of…


China Today Wiki

Popular News by Topics