Home Current News RPT-UPDATE 2-China factory prices falter, while inflation soars to near 8-yr high

RPT-UPDATE 2-China factory prices falter, while inflation soars to near 8-yr high

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RPT-UPDATE 2-China factory prices falter, while inflation soars to near 8-yr highChina’s producer prices fell the most in more than three years in October, as the manufacturing sector weakened on declining demand and a knock from the Sino-U.S. tariff war, reinforcing the case for Beijing to keep the stimulus coming. The producer price index (PPI), seen as a key indicator of corporate profitability, fell 1.6% in October from a year earlier, marking the steepest decline since July 2016, National Bureau of Statistics (NBS) data showed on Saturday. Analysts had tipped a contraction of 1.5% for the PPI.

Source: yahoo.com/news