China still shows elements of deflation: in September consumer prices surprisingly remained unchanged on an annual basis, compared to analysts’ estimates of a rise of 0.2% to strengthen the recovery trend of August (+0.1% ). While on a monthly basis, the National Statistics Office reports, there is an increase of 0.2%.
On producer prices, the drop is 2.5% per year (on forecasts of -2.4% and on the figure of -3% in August), equal to the twelfth consecutive contraction, but the lowest since March in the midst of the measures government to support consumption. The economic data shows growth of 0.4% (+0.2% in August).
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2023-10-13 03:20:00
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