In September, The Year-On-Year Decline Of PPI Slightly Expanded, And The Month On Month Increase Continued To Fall

According to the latest data released by the National Bureau of statistics, In September 2020, the PPI of China's industrial producers dropped by 2.1% year on year The drop rate was 0.1 percentage point higher than that of the previous month. It is estimated that in the 2.1% year-on-year decline in September, the tail effect of last year's price change was 0, and the impact of new price increase was about - 2.1 percentage points. The average price from January to September was 2.0% lower than that of the same period last year.

Among the ex factory prices of industrial producers, the prices of means of production decreased by 2.8% year-on-year, 0.2% lower than that of the previous month, affecting the total level of ex factory prices of industrial producers by about 2.05%; among them, the price of processing industry dropped by 1.3%. The price of means of living increased from 0.6% in the previous month to a decrease of 0.1%, which affected the overall level of factory prices of industrial producers by about 0.02 percentage points; among them, the price of clothing decreased by 1.7%. Among the major industries, the textile industry, textile and clothing industry, clothing industry and chemical fiber manufacturing industry decreased by 6.0%, 1.7% and 15.6% respectively.

In September, the ex factory prices of industrial producers rose 0.1% month on month, down 0.2 percentage points from the previous month. According to the survey of 40 industrial sectors, there were 15 industrial sectors with price increase, 2 less than last month, 19 decreased, 1 increased, and 6 flat increased 1. Among them, the price of means of production rose by 0.2%, which was 0.2% lower than that of the previous month, which affected the overall level of the ex factory price of industrial producers to rise by about 0.13%, and the price of processing industry in the means of production rose by 0.1%. The price of means of living increased from 0.1% in the previous month to a decrease of 0.1%, which affected the total price level of industrial producers to drop by about 0.03%, and the price of clothing in means of living decreased by 0.2%. Among the major industries, textile industry, textile and clothing industry, clothing industry and chemical fiber manufacturing industry decreased by 0.5%, 0.1% and 1.2% respectively.

In September, the purchase price of industrial producers decreased by 2.3% year-on-year, among which the price of textile raw materials decreased by 3.8%. The purchasing price of industrial producers rose by 0.4% month on month, among which the price of textile raw materials decreased by 0.1%.