China demonstrates the slowest factory inflation for 13 months

China demonstrates the slowest factory inflation for 13 months

In December 2017, China's producer prices tacked on at their slowest pace for 13 months because the government's strict measures against winter smog affected factory demand for raw materials, hinting that the world's number two economy has started slowing.

The producer price index inched up 4.9% in December from 2017, which is the slowest surge since November 2016, as the National Bureau of Statistics informed on Wednesday. It was a bit faster than the 4.8% in a Reuters survey of experts, although much weaker than the 5.8% tempo observed in November.

Additionally, the data disclosed that consumer inflation accelerated less than anticipated and remained within the key bank's comfort zone.

In 2018 a government crackdown on smog in the industrialized northern areas has affected demand for raw materials, while everlasting curbs on the housing market have put pressure on property investment.

Similar

Popular

Crude edges down in Asia on Caixin PMI

On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera