Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

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
React to this article
Latest news
Date Title
05:05a L ENERGY : Man breaks neck while trampolining, sues G6 Airpark for $21 million
05:05a HYUNDAI HCN : Multnomah County balks at $415K award for woman T-boned by deputy who ran red light
05:04a BRIEF : Toyota donates $1 million to Georgetown College for STEM education
05:04a PILGRIM PRIDE : Perrysburg, Sylvania schools pull chicken products
05:04a REPUBLIC SERVICES : City planning board votes "no" to garbage transfer station on Lisle Industrial
05:01a ALLEGIANT TRAVEL : boss Gallagher receives near $3 million bonus
05:01a LAKEVIEW HOTEL INVESTMENT : Announces Year End Results
04:59a FACEBOOK : hit with lawsuit over plan to issue new stock
04:58a ST JUDE MEDICAL : Abbott is counting on growth turnaround at St. Jude Medical
04:57a SELECT COMFORT : stock jumps as company beats Q1 expectations
Latest news
Advertisement
Hot News 
ANDALAS ENERGY AND POWER : Issue of Zero Coupon Loan Note
6D GLOBAL TECHNOLOGIES, INC : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)
AVOLON : sustains strong performance as fleet increases to over 400 aircraft
PETRO MATAD : Expecting "Highly Material" Compensation From Partner
EHEALTH, INC. : Four Top Stocks: Investors Are Considering These on Friday April 29th
Most Read News
07:23p SAMARCO MINERAÇÃO : Citizen’s Home is inaugurated in Anchieta (ES)
08:18p Introducing New Villa Homes In The Charming Town Of Noblesville, IN
07:49p IMPORTANT LA QUINTA Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a class action lawsuit has been commenced on behalf of shareholders of La Quinta Holdings Inc. -- LQ
10:12p EMERALD PLANTATION : Notice of Extraordinary General Meeting
08:00p Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against La Quinta Holdings Inc. (LQ)
Most recommended articles
10:35p WEEKLY TRADING FORECAST : Systemic Changes Afoot for Risk, EURUSD, USDJPY?
10:33p United Airlines cuts COO Hart's pay by $1 million over Port Authority probe
10:20p Dollar Struggles as Rate Disbelief Lingers, Euro and Yen Gain Ground
10:10p Australian Dollar Volatility to Continue on RBA, US Jobs Data
10:00p EUR/USD Showing Strength, But Data Still a Mixed Bag