China’s National Bureau of Statistics (NBS) statement on the inflation data:
In November, policy measures boosted industrial demand, reversing the PPI’s month-on-month decline and narrowing its year-on-year drop.China’s November CPI year-on-year increase hits a five-month low, PPI year-on-year decline smallest in three months.In November, core CPI, excluding food and energy prices, continued to rise, with a 0.3% year-on-year increase, up by 0.1 percentage points from the previous month.In November, influenced by higher temperatures and a decline in travel demand, the national CPI decreased month-on-month but saw a slight year-on-year increase.
Department of applying lipstick to a pig. The numbers were poor:
China November CPI +0.2% y/y (expected +0.5%) PPI -2.5% y/y (expected -2.8%)
This article was written by Eamonn Sheridan at www.forexlive.com.
