-
Advertorial
-
FOCUS
-
Guide
-
Lifestyle
-
Tech and Vogue
-
TechandScience
-
CHTF Special
-
Nanhan
-
Futian Today
-
Hit Bravo
-
Special Report
-
Junior Journalist Program
-
World Economy
-
Opinion
-
Diversions
-
Hotels
-
Movies
-
People
-
Person of the week
-
Weekend
-
Photo Highlights
-
Currency Focus
-
Kaleidoscope
-
Tech and Science
-
News Picks
-
Yes Teens
-
Fun
-
Budding Writers
-
Campus
-
Glamour
-
News
-
Digital Paper
-
Food drink
-
Majors_Forum
-
Speak Shenzhen
-
Business_Markets
-
Shopping
-
Travel
-
Restaurants
-
Hotels
-
Investment
-
Yearend Review
-
In depth
-
Leisure Highlights
-
Sports
-
World
-
QINGDAO TODAY
-
Entertainment
-
Business
-
Markets
-
Culture
-
China
-
Shenzhen
-
Important news
在线翻译:
szdaily -> Business
Producer index hits new high
    2017-September-11  08:53    Shenzhen Daily

PRODUCER price index (PPI) accelerated in China more than expected to a four-month high in August, fueled by strong gains in raw materials prices and pointing to strong, sustained growth for both factory profits and the economy.

Consumer price index (CPI) also quickened more than forecast to a seven-month high, amid signs that upstream price gains are trickling through, but analysts said price gains remain modest and there is little pressure on the central bank to tighten policy further.

“The unexpected rise in both CPI and PPI suggests that there is little hope the country’s monetary policy could see some relaxation before the end of this year,” Zhou Hao, a Singapore-based analyst at Commerzbank.

“We believe that the market has underestimated the inflationary pressure facing China’s economy, although inflation is unlikely to surge in the foreseeable future. That said, onshore rates are still on the rise,” he said, referring to higher financing costs.

China’s producer price index rose 6.3 percent in August from a year earlier, from 5.5 percent in July, the National Bureau of Statistics said Saturday.

On a month-on-month basis, the PPI rose 0.9 percent.

The price data added to a long list of upside surprises for the world’s second-largest economy this year, which has so far defied analysts’ expectations of a slowdown.

“The pickup in PPI shows that demand remains steady, and we expect third-quarter economic growth to remain steady from the first half,” said Zhang Yiping, an economist at Merchants Securities in Shenzhen.

But consumer inflation rate quickened more than expected to 1.8 percent in August from 1.4 percent in July, the first time it has accelerated in three months.

The consumer price index had been expected to rise 1.6 percent from a year ago.(SD-Agencies)

 

深圳报业集团版权所有, 未经授权禁止复制; Copyright 2010, All Rights Reserved.
Shenzhen Daily E-mail:szdaily@szszd.com.cn