Liaoning's PPI Rose 0.1% Month-over-Month in August

Deep News
Sep 20

The National Bureau of Statistics Liaoning Survey Team recently released data on changes in Liaoning's industrial producer prices. Survey data shows that in August, Liaoning's Producer Price Index (PPI) fell 4.5% year-over-year, with the decline narrowing by 1.3 percentage points from the previous month; it rose 0.1% month-over-month, with the increase narrowing by 0.2 percentage points from the previous month. The Industrial Producer Purchase Index (IPI) fell 6.1% year-over-year, with the decline narrowing by 0.7 percentage points from the previous month; it shifted from a 0.2% month-over-month decline in the previous month to a 0.3% increase in August.

Looking at the two major categories, August production materials prices fell 3.4% year-over-year, with extractive industries down 8.8%, raw materials industries down 4.6%, and processing industries down 1.5%; consumer goods prices fell 9.6% year-over-year, with durable consumer goods down 16.9%, food down 3.3%, general daily necessities down 2.4%, and clothing down 0.3%.

In August, purchase prices for nine major raw materials showed a "two up, seven down" trend year-over-year. Non-ferrous metal materials and wire categories rose 2.2%, and textile raw materials rose 1.1%; other industrial raw materials and semi-finished products fell 1.3%, wood and pulp fell 1.9%, construction materials and non-metals fell 3.2%, ferrous metal materials fell 6.9%, chemical raw materials fell 8.1%, agricultural and sideline products fell 10.5%, and fuel and power fell 10.6%.

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