China’s producer price index rose 3.4% in April .

  Media IN 2018\05\11
China’s PPI rose 3.4 percent in April on a year-on-year basis, according to the National Bureau of Statistics (NBS).
The index, which measures the cost of producing goods at the factory threshold, was up from March’s 3.1 percent, driven by higher manufacturing prices in the mining and raw materials sector.
The index recorded a growth rate of 3.6 in the first four months of the year and on a year-on-year basis, slightly down from the 3.7 percent recorded in the first quarter of this year.
Manufacturing prices in the mining sector rose by 6.1%, while raw materials prices rose by 5.7%.
The slight increase in the producer price index – according to experts – showed that demand in the real economy remained lukewarm. Sixteen of the 40 sectors surveyed saw a decline in prices compared to March.