Chinas May PPI decreased by 4.6% year -on -year and increased by eight consecuti

Chinese official Friday (June 9) released data showed that in May, the factory price index (PPI) of China's industrial producers (PPI) fell 4.6%year -on -year, and it fell for eight consecutive months.Market demand further cracks down on manufacturing and hinders fragile economic recovery.

The official website of the National Bureau of Statistics of China was released, and China's PPI decreased by 0.9%month -on -month; the purchase price of industrial producers decreased by 5.3%year -on -year and a decrease of 1.1%month -on -month.The average PPI from January to May this year decreased by 2.6%from the same period last year, and the purchase price of industrial producers decreased by 2.3%.

In addition, China CPI rose 0.2%year -on -year and decreased by 0.2%month -on -month.Among them, due to seasonal factors, food prices fell by 0.7%, a narrowing of 0.3 percentage points from last month, and affecting the decrease of CPI by about 0.12 percentage points.

Dong Lijuan, chief statistician of the Urban Division of the National Bureau of Statistics of China, explained that in May, the price of commodities in international commodities was declined as a whole, and the demand for industrial products at home and abroad was generally weak. In additionThe year -on -year continued decline.In May, consumer demand continued to recover, the market operation was generally stable, the CPI decreased from the previous month, and the year -on -year increase was slightly expanded.

The year -on -year decrease of PPI4.6%in China was the largest decline since February 2016.This decline exceeded the expectations of the outside world. Economists who had previously been investigated by Reuters predict that China ’s PPI in May will fall by 4.3%.

In terms of CPI, 0.2%year -on -year increase in May of May was 0.1 percentage points from last month, but it is still lower than market expectations. From the previous month, it decreased by 0.2%in May, which is the fourth consecutive month.decline.

The economic growth rate in China in the first quarter was faster than expected, but recent data showed that the Chinese factory activities in May have shrunk and imports have declined.Some economists predict that the People's Bank of China will reduce interest rates or release more liquidity to the financial system.