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Factory Gate Prices

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economy2 years ago

China's Consumer Prices Drop in October, But Deflationary Spiral Unlikely

China's consumer prices fell by 0.2% in October, mainly due to food-price deflation, while factory-gate prices contracted further. Analysts argue that China is not trapped in a deflationary spiral but call for further policy support to mitigate downward risks. The decline in core inflation and signs of renewed economic weakness indicate vulnerability to negative shocks, but expectations of upcoming data suggest a firming trend. Analysts do not anticipate a deflationary spiral, projecting that inflation will remain low but rise gradually in the coming months.

via South China Morning Post|
#china#consumer-prices#deflation
economy2 years ago

"China's Deflation Eases: Anticipating Further Measures to Boost Demand"

China's consumer prices rose 0.1% in August, returning to positive territory, while factory-gate price declines slowed, indicating easing deflation pressures. However, analysts suggest that more policy support is needed to boost consumer demand as the labor market recovery slows and household income expectations remain uncertain. The producer price index fell 3.0% from a year earlier, the smallest drop in five months. China's central bank may continue to cut interest rates and bank reserve requirement ratios to stimulate growth, as the country aims to achieve its 2023 growth target of around 5%.

via CNBC|
#china#consumer-prices#deflation
economy2 years ago

China's Economy Shows Signs of Recovery with Easing Deflation Pressures

China's consumer prices rose 0.1% in August, returning to positive territory, while factory-gate price declines slowed, indicating easing deflation pressures and signs of stabilization in the economy. However, analysts suggest that more policy support is needed to boost consumer demand, as the labor market recovery slows and household income expectations remain uncertain. The producer price index fell 3.0% in August, the smallest drop in five months. China's central bank may continue to cut interest rates and bank reserve requirement ratios to stimulate growth.

via Reuters|
#china#consumer-prices#deflation
economy2 years ago

US Manufacturing Slump Worsens as Price Pressures Remain Subdued

US manufacturing activity continued to decline in June, reaching levels last seen during the initial wave of the COVID-19 pandemic. The Institute for Supply Management (ISM) survey showed that factories resorted to layoffs as shrinking activity persisted. However, price pressures at the factory gate remained subdued, providing a silver lining for the economy. The ISM's manufacturing PMI dropped to its lowest reading since May 2020, marking the eighth consecutive month of contraction. While some industries, such as transportation equipment, showed growth, overall weak demand and cautious inventory management are dampening the sector. On the other hand, housing construction rebounded in May, contributing to an increase in overall construction spending.

via Reuters.com|
#economy#factory-gate-prices#housing-construction