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Location: Data Center > Finance News > Content
 
Producer Prices for the Industrial Sector for November 2019

http://data.acmr.com.cn  2019/12/11  National Bureau of Statistics of China


In November 2019, Producer Price Index (PPI) for manufactured goods decreased by 1.4 percent year-on-year and 0.1 percent month-on-month. The purchasing price index for manufactured goods decreased by 2.2 percent year-on-year and 0.1 percent month-on-month. In the first eleven months, on average, the PPI for manufactured goods declined by 0.3 percent year on year, and the purchasing price index for manufactured goods decreased by 0.7 percent.

 

1. Year-on-Year Changes of Prices of Different Categories

 

Among the PPI for manufactured goods, the year-on-year change of producer prices for means of production decreased by 2.5 percent, and the decline narrowed 0.1 percentage point than that of last month, affecting 1.84 percentage points decrease in the overall level of producer price. Of which, producer prices for mining and quarrying industry, raw materials industry, and manufacturing and processing industry fell by 1.4, 5.0 and 1.6 percent, while that of consumer goods increased by 1.6 percent year-on-year, and the pace of increase enlarged 0.2 percentage point from the previous month, meaning 0.40 percentage point increase in the overall price level. Of which, producer prices for foodstuff, clothing, and commodities increased by 5.4, 0.3 and 0.1 percent, while that of durable consumer goods decreased by 2.1 percent.

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In the purchaser price index, the year-on-year purchaser price indices for agricultural and sideline products, and building materials and non-metallic rose by 7.2 and 2.9 percent, that of chemical raw materials, fuel and power, non-ferrous metal materials and wires, and ferrous metal materials decreased by 8.4, 5.8, 2.3 and 0.5 percent respectively.

 

2. Month-on-Month Changes of Prices of Different Categories

 

Among the PPI for manufactured goods, the prices for means of production was down by 0.2 percent month-on-month, affecting 0.15 percentage point decrease in the overall level of producer price. Of the total, producer prices for mining and quarrying industry, raw materials industry and manufacturing and processing industry decreased by 0.8, 0.4 and 0.1 percent; that of consumer goods increased by 0.3 percent, kept the same pace of growth with last month, affecting 0.08 percentage point increase in the overall level of producer price. Of which, the producer prices for foodstuff went up by 1.1 percent, that of clothing unchanged, while that of commodities and durable consumer goods went down by 0.3 and 0.2 percent from the previous month.

 

The month-on-month purchaser price indices for building materials and non-metallic products, and agricultural and sideline products increased by 1.3 and 0.9 percent respectively; that of ferrous metals materials, fuel and power, and non-ferrous metal materials and wires fell by 0.9, 0.4 and 0.2 percent respectively.



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