美联储巴尔金：明天的PPI数据将有助于我判断通货膨胀的走势。

China's PPI rose 1.2% month-on-month, widening 0.8 percentage point from the prior month, the National Bureau of Statistics said. International crude oil and nonferrous metal price increases were primary drivers: petroleum extraction +14.5%, refined petroleum products manufacturing +7.4%, organic chemical raw materials manufacturing +5.4%, nonferrous metal ore mining +1.6% and nonferrous metal smelting and rolling +1.5% — those five industries together added about 0.63ppt to MoM PPI. Seasonal and supply-side tightening lifted energy and raw-material prices: coal mining and washing +9.5%, coal processing +13.6%; demand recovery for steel and cement and higher input costs pushed non-metallic mineral products to +0.3% (after seven months of declines) and ferrous metal smelting and rolling +0.2% — these four industries contributed roughly 0.38ppt. Faster development in AI and computing-power collaboration raised demand in electrical machinery & equipment and computer, communications and other electronic equipment manufacturing, each +0.4%, together adding about 0.07ppt to MoM PPI.

US Sep NSA housing inf y/y 3.2%, prior 3.0%.