Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

National Bureau of Statistics of China : Producer Prices for the Industrial Sector for January

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/16/2013 | 08:28am CEST

In January 2013, Producer Price Index (PPI) for manufactured goods decreased 1.6 percent, year-on-year, and 0.2 percent increase month-on-month. The purchasing price index for manufactured goods went down by 1.9 percent year-on-year, and 0.3 percent increase month-on-month.

1. Year-on-Year Changes of Prices of Different Categories

The year-on-year change of producer prices for means of production decreased 2.4 percent, meaning 1.80 percentage points decrease in the overall price level. Of which, producer prices for mining and quarrying industry decreased 5.0 percent; that of raw materials industry decreased 2.2 percent, that of manufacturing and processing industry decreased 2.2 percent. Producer prices for consumer goods went up by 0.7 percent, meaning 0.16 percentage points increase in the overall price level. Of which, producer prices for foodstuff increased 1.3 percent, that of clothing increased 1.5 percent, that of commodities up by 0.9 percent, while that of durable consumer goods dropped 1.0 percent.

The year-on-year purchaser price indexes for non-ferrous metal materials and wires decreased 6.5 percent, chemical raw materials decreased 3.1 percent, fuel and power decreased 2.6 percent, non-ferrous metal materials and wires fell 1.5 percent, agricultural and sideline products prices rose by 2.5 percent.

According to estimation, in the 1.6 percent decrease in January, the carryover effect of last year¨s prices changing was -1.8 percentage points, while new prices rising factors in this year accounted for 0.2 percentage points.

2. Month-on-Month Changes of Prices of Different Categories

The month-on-month change of producer prices for means of production increased 0.2 percent, meaning 0.17 percentage points increase in the overall price level. Of the total, producer prices for mining and quarrying industry increased 0.4 percent, that of raw materials industry increased 0.4 percent, that of manufacturing and processing industry went up by 0.1 percent. Producer prices for consumer goods increased 0.3 percent month-on-month, meaning 0.07 percentage points increase in the overall price level. Of which, producer prices for foodstuff went up by 0.6 percent, clothing increased 0.3 percent, commodities increased 0.1 percent, and durable consumer goods remained at the same level (the amount of change was 0).

The month-on-month purchaser price indexes for ferrous materials rose by 1.0 percent, agricultural and sideline products prices increased 0.9 percent, textile raw materials prices rose by 0.2 percent, building materials and non-metallic decreased 0.5 percent.

Annotations:



1. Explanatory Notes



Producer Price Index for manufactured goods consists of producer price index and purchaser price index.



The industrial producer price index reflects the trend and level of prices change when the products are sold for the first time.



The industrial purchaser price index reflects the trend and level of prices change for the products purchased by the industrial enterprises as intermediate inputs.



2. Statistical Coverage



The statistical survey of industrial producer prices covers prices for over 11,000 products from 1702 subclasses, 191 groups; and the statistical surveys of industrial purchaser prices cover prices for over 6,000 industrial products from over 900 subclasses.



3. Survey Methods



Industrial producer prices are collected from combined surveys of key businesses and typical businesses. Starting from 2011, the key businesses are those with their turnover from primary activities over 20 million yuan, and the typical businesses are those with less than 20 million yuan. The surveys cover about 60,000 industrial enterprises in over 400 cities across the country.





Price Indexes for the Industrial Sector in January

January

M/M(%)

Y/Y(%)

I. Producer Price Indexes

0.2

-1.6

Means of production

0.2

-2.4

Mining and quarrying

0.4

-5.0

Raw materials

0.4

-2.2

Processing

0.1

-2.2

Means of subsistence

0.3

0.7

Food

0.6

1.3

Clothing

0.3

1.5

Articles for daily use

0.1

0.9

Durable consumer goods

0.0

-1.0

II. Purchaser Price Indexes

0.3

-1.9

Fuel and Power

0.1

-2.6

Ferrous Metals

1.0

-6.5

Non-ferrous Metal Materials and Wires

0.1

-1.5

Chemical Raw Materials

0.1

-3.1

Wood and Pulp

0.1

-0.5

Building Materials and Non-metallic

-0.5

-1.4

Other Industrial Raw Materials and Semi-products

0.1

-1.0

Agricultural and Sideline Products

0.9

2.5

Textile Raw Materials

0.2

-0.9

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
12:59pSaudi minister Falih says Aramco IPO likely in 2019
RE
12:55pSiemens backs Northvolt's $5 billion Swedish battery plant
RE
12:53pPRIME MINISTER : China is the key trade partner in Asia
PU
12:48pIMPERIAL COLLEGE LONDON : ‘Deforestation-free’ palm oil not as simple as it sounds
PU
12:48pSCO SHANGHAI COOPERATION ORGANISATION : and UNESCAP to maintain close cooperation. Secretary General has meeting with UNESCAP Executive Secretary
PU
12:43pEAST AYRSHIRE COUNCIL : Road resurfacing projects set to get underway this June
PU
12:43pANTWERP PORT AUTHORITY : Energy transition with re-use of CO2
PU
12:41pOil prices slump as Saudi Arabia and Russia consider output boost
RE
12:38pOil prices slump as Saudi Arabia and Russia consider output boost
RE
12:38pEESC EUROPEAN ECONOMIC AND SOCIAL COMMITTEE : turning 60 vows to take decisive and visionary actions for a better Europe
PU
Latest news "Economy & Forex"
Advertisement