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

German ZEW economic sentiment tacks on in January

In January, German economic sentiment inched up more than anticipated, while the current conditions index reached a record maximum, driving optimism over the strength of the EU’s number one economy, as industry data reported on Tuesday…

Popular

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

promotions you can be interested in

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

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