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China’s factory gate prices surged by 4.4% y/y in March

PPI for producer goods surged by 5.8% y/y in March, while PPI for consumer goods only recorded a 0.1% y/y increase.
PPI for producer goods surged by 5.8% y/y in March, while PPI for consumer goods only recorded a 0.1% y/y increase.
PPI for producer goods surged by 5.8% y/y in March, while PPI for consumer goods only recorded a 0.1% y/y increase.
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13th April 2021

China’s official producer price index (PPI) increased by 4.4% y/y in March, the highest jump since July 2018, due to rising raw material prices. PPI for producer goods surged by 5.8% y/y in March, while PPI for consumer goods only recorded a 0.1% y/y increase.

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The recovery of the manufacturing industry is strong, but consumption rebound is still relatively weak.

Further data and analysis on China’s economy is available on the CEIC China Economy in a Snapshot – Q1 2021 report.

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China
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13th April 2021 China’s factory gate prices surged by 4.4% y/y in March