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China’s producer prices down 1.4% in November

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Via China Daily

A customer selects imported goods at a bonded commodities exhibition and trading center in Southwest China’s Chongqing, on Jan 18, 2019. [Photo/Xinhua]

BEIJING – China’s producer price index, which measures costs for goods at the factory gate, dropped 1.4 percent year-on-year in November, the National Bureau of Statistics (NBS) said Tuesday.

The reading shrank from the 1.6-percent decline in October, the NBS data showed.

On a monthly basis, the PPI decreased 0.1 percent last month, bucking the trend of the 0.1 percent increase in October, according to the NBS.

In the first eleven months, the PPI on average declined 0.3 percent from that in the same period last year.

Factory prices of capital goods decreased 2.5 percent year-on-year in November, shrinking from the 2.6 percent decline in October.

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