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China's PPI falls for the 34th consecutive month

Friday, Jan 09 2015
According to the latest release China's CPI increased by 1.5%, in line with market forecast. However, more worrying factor at the moment is constant PPI decline. An expected weak start of 2015 will prompt the government to step up measures to support the economy
 
Separate report on PPI showed 3.3% decrease, more than predicted 3.1% decline. Tumbling oil and metal prices have extended the run of producer-price declines to a record 34 months. China’s debt problem lies with the corporate sector, and so PPI deflation can cause more damage to debt dynamics than CPI deflation. 
 
Data did not have any major impact on the markets with Aussie currently being traded around 0.8010 level. Later today, in the US session NFP figures will be released.
More in this category: « Australian Retail Sales rose less than expected French Industrial Production decreased by 0.3% »

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