China's PPI down 2.7 pct in February
Time:2024-05-21 11:26:45 Source:opinionsViews(143)
Robots work on an assembly line of a factory of a private enterprise in Zouping City, east China's Shandong Province, Sept. 13, 2023. (Xinhua/Guo Xulei)
BEIJING, March 9 (Xinhua) -- China's producer price index (PPI), which measures costs for goods at the factory gate, went down 2.7 percent year on year in February, the National Bureau of Statistics said Saturday.
The decrease widened from a 2.5-percent decline in January. On a monthly basis, the PPI edged down 0.2 percent, the data showed.
As industrial production slowed down due to the Spring Festival that fell in February this year, the PPI decline widened, said NBS statistician Dong Lijuan.
Demand for steel and cement dropped in February as construction projects halted during the holiday period, sending the prices of the ferrous metal smelting and rolling industry as well as the cement producing industry down 0.4 percent and 1.4 percent month on month respectively.
The PPI of coal mining and washing industry edged down 0.7 percent month on month in February, compared to a 0.1-percent increase in January, due to decreased heating demand as temperatures rose in the country's northern regions.
China's consumer price index (CPI), a main gauge of inflation, edged up 0.7 percent year on year in February, NBS data showed.
Previous:The fightback begins: Boss of London's Queen Mary University tells pro
Next:Dodgers acquire pitcher Yohan Ramírez from Mets for cash
You may also like
- Brazil replaces injured goalkeeper Ederson in Copa America squad
- Miao Girl Embraces New Life Thanks to Poverty Alleviation Efforts
- Small Chinese Town Goes Big with Magic of Animation
- UN Security Council strongly condemns terrorist attack in Russia
- Nadal returns to Roland Garros to practice amid doubts over fitness and form
- China Launches Shenzhou
- Art Show Held to Celebrate Chongyang Festival in Lhasa, Tibet
- China's HIV Infections, Mortality Rates at Low Level Globally
- Pentagon vows to keep weapons moving to Ukraine as Kyiv faces a renewed assault by Russia