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

British employees will face new hit to spending power in 2018

UK employees are expected to face another hit to their spending power next year, while the vast majority of their peers in the world's other well-developed economies will enjoy small gains, as human resources company Korn Ferry informed on Tuesday…

Popular

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