Pressure on China’s manufacturing sector eased in June following the impact of the coronavirus pandemic, data released on Thursday showed.The producer price index (PPI), reflecting the prices that factories charge wholesalers for their products, fell 3.0 year on year in June, data from the National Bureau of Statistics (NBS) showed.That was lower than May’s reading of a 3.7 per cent decline and lower than the 3.2 per cent contraction tipped by analysts in a survey by Bloomberg.The consumer…
from South China Morning Post https://www.scmp.com/economy/china-economy/article/3092423/pressure-chinas-manufacturing-sector-fell-june-coronavirus
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Thursday, July 9, 2020
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Pressure on China’s manufacturing sector fell in June as coronavirus impact eased
Pressure on China’s manufacturing sector fell in June as coronavirus impact eased
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