China's PPI dips 3% YoY in Aug 2023

The fall is a slight recuperation compared to July and June’s reductions of 4.4 and 5.4 per cent, respectively. Moreover, August witnessed a 0.2 per cent month-on-month (MoM) increase, displaying a reverse trend from July’s 0.2 per cent decrement, according to the National Bureau of Statistics.

Throughout the initial eight months of 2023, the average PPI decreased by 3.2 per cent YoY. This update sheds light on the Chinese market’s dynamics, illustrating a potential stabilisation in producer prices.

ALCHEMPro News Desk (NB)