KONTAN.CO.ID - BEIJING. China's factory-gate prices showed an annual fall for a second month in November while consumer inflation slowed, indicating weak economic activity and soft demand. The producer price index (PPI) was down 1.3% on a year earlier, unchanged from an annual contraction seen in October, according to National Bureau of Statistics (NBS) data issued on Friday. That was slower than a 1.4% fall tipped in a Reuters poll. The November consumer price index (CPI) climbed 1.6% from a year earlier, slowing from the 2.1% annual rise seen in October and in line with a Reuters poll.
China's November Producer Prices Fall for Second Month
KONTAN.CO.ID - BEIJING. China's factory-gate prices showed an annual fall for a second month in November while consumer inflation slowed, indicating weak economic activity and soft demand. The producer price index (PPI) was down 1.3% on a year earlier, unchanged from an annual contraction seen in October, according to National Bureau of Statistics (NBS) data issued on Friday. That was slower than a 1.4% fall tipped in a Reuters poll. The November consumer price index (CPI) climbed 1.6% from a year earlier, slowing from the 2.1% annual rise seen in October and in line with a Reuters poll.