China September producer prices show the greatest leap in six months

China September producer prices show the greatest leap in six months

In September, China's producer price inflation suddenly accelerated to a six-month maximum because a construction boom offers no signs of abating as well as a government crackdown on air pollution spurs worries of winter shortages and also wild leaps in commodity prices.

China's firm demand for building materials has provoked a year-long commodities surge which is helping to underpin manufacturing activity as well as inflation around the globe.

The Chinese economy is believed to ascend 7% during the second half of 2017, as the country's major bank governor told, thus defying financial experts’ expectations for a slowdown.

In September, the producer price index rallied 6.9% from 2016, and from August’s outcome of 6.3%, as the National Bureau of Statistics told on Monday.

The revenue - the most impressive since March – actually indicates ongoing resilience in China's economy as well as industrial sector profits. That’s undoubtedly welcome news for Communist Party leaders just two days ahead of a party congress.

Similar

Latest news

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…

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