China's producer price index rose 3.8% YoY in August, up 0.3 percentage points
from July, the National Bureau of Statistics said. Biggest upward contributors
were coal mining and washing (+26.6%), non‑ferrous metal smelting and rolling
(+20.8%), oil and gas extraction (+10.5%), petroleum, coal and other fuel
processing (+11.1%), manufacture of chemical raw materials and chemical products
(+9.1%), electrical machinery and equipment manufacturing (+5.9%) and computer,
communication and other electronic equipment manufacturing (+5.3%); those seven
sectors added about 4.24 percentage points to PPI YoY, 0.37ppt more than last
month. Largest downward contributors were electricity and heat production and
supply, automobile manufacturing, non‑metallic mineral products, pharmaceutical
manufacturing, beverage and refined tea manufacturing, and agricultural and
sideline food processing, which fell 1.7%–5.3% and together subtracted about
0.74 percentage points from PPI YoY.
