China's PPI fell 2.8% year-on-year in September, signaling deflationary pressures in the industrial sector.
China's producer price index (PPI) fell by 2.8% year-on-year in September, signaling deflationary pressures in the industrial sector, as reported by the National Bureau of Statistics. The monthly PPI decreased by 0.6%, an improvement from August's 0.7% drop. Contributing factors include fluctuating international commodity prices and weak domestic demand. Meanwhile, the consumer price index rose by 0.4% year-on-year in September.
October 13, 2024
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