China’s factory gate prices surged by 4.4% y/y in March
PPI for producer goods surged by 5.8% y/y in March, while PPI for consumer goods only recorded a 0.1% y/y increase.
China’s official producer price index (PPI) increased by 4.4% y/y in March, the highest jump since July 2018, due to rising raw material prices. PPI for producer goods surged by 5.8% y/y in March, while PPI for consumer goods only recorded a 0.1% y/y increase.
The recovery of the manufacturing industry is strong, but consumption rebound is still relatively weak.
Further data and analysis on China’s economy is available on the CEIC China Economy in a Snapshot – Q1 2021 report.