china producer prices down 17 in july
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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China Producer Prices Down 1.7% in July

Arab Today, arab today

Arab Today, arab today China Producer Prices Down 1.7% in July

producer price
Beijing - QNA

China's producer price index (PPI), which measures costs for goods at the factory gate, dropped 1.7% year on year in July, the National Bureau of Statistics (NBS) said Tuesday. 
The NBS said in an online statement that the PPI decline narrowed from a 2.6% decrease in June thanks to stronger industrial product prices for nonferrous metal smelting and rolling, ferrous metal ore mining, and ferrous metal melting and rolling, according to China's (Xinhua) News Agency. 
However, the July reading continued a 52-month decline streak as China's economic slowdown and industrial overcapacity dampened prices. 
On a month-on-month basis, July's PPI edged up 0.2%. 

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