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China Producer Prices Decline for 29th Month

China's producer prices fell by 2.2% yoy in February 2025, compared with market forecasts of a 2.1% decline and after a 2.3% drop in the prior two months. This marked the slowest drop since August 2024, as Beijing continued efforts to spur demand, despite producer deflation persisting for the 29th straight month amid price fluctuations in some commodities and the impact of the Lunar break in late January. Cost of production materials continued to fall (-2.5% vs -2.6% in January), with further drops in mining (-6.3% vs -4.9%), raw materials (-1.5% vs -1.9%), and processing (-2.7% vs -2.7%). Consumer goods prices remained weak (-1.2% vs -1.2%), weighed by more declines in food (-1.6% vs -1.4%), clothing (-0.2% vs -0.1%), and durable goods (-2.5% vs -2.6%), but prices for daily-use goods quickened (0.9% vs. 0.5%). Monthly, producer prices inched lower (-0.1% vs -0.2%). Considering the first two months of the year, factory-gate prices shrank 2.2%. In 2024, producer prices slipped 2.2%.

3 hours ago

Week Ahead - March 10th

Investors will closely watch the US inflation rate, producer inflation, JOLTS job openings, and the Michigan consumer sentiment index for insights into the American economy. In the UK, key releases include January GDP growth, industrial production, and the goods trade balance. Germany will also report its trade balance and industrial production data. Meanwhile, Canada’s interest rate decision will be in focus. In China, CPI and PPI print as well as new yuan loans, money supply and car sales data. Will drive the headlines. Inflation figures are also expected from India, Brazil, Russia, and Poland, while industrial production data will be released for Turkey, Brazil, India, and the Euro Area. Additionally, Australia will publish NAB business confidence and Westpac consumer confidence.

36 hours ago