China factory gate prices fall for 6th straight month in July

CHINA’S factory gate prices fell in July for the sixth consecutive month but at a slightly slower-than-expected rate, official data showed today, as economic activity normalised after the coronavirus crisis.

The producer price index fell 2.4% from a year earlier, the National Bureau of Statistics said in a statement, compared with the median forecast for a 2.5% decline from a Reuters poll of analysts and a 3.0% drop in June.

The consumer price index rose 2.7%, compared with a 2.6% increase tipped by a Reuters poll and a 2.5% increase in June. – Aug 10, 2020, Reuters

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