October 04, 2013
The decline decreased 0.6 percent from March, marking the hermes birkin 14th straight month of falls after the PPI dropped in March 2012 for the first time since December 2009. Output prices of production materials fell 3.5 percent year on year in April, contributing about 2.68 percentage points of the PPI drop in the month, while those of consumer goods gained 0.3 percent during the period. The data came along with the release of China's consumer price index (CPI), a main gauge of inflation, which grew 2.4 percent year on year in April, up from 2.1 percent in March. Ding Shuang, senior economist with Citigroup, said that the more-than-expected PPI drop was largely attributed to price declines of staple commodities. "The drop highlighted weak domestic demand and it also suggested a rising risk of the Chinese manufacturing sector entering a period of gucci belt bag deflation," Ding said. Hu Yuexiao, economic analyst from Shanghai Securities, said that the PPI drop reflected the excess production capacity of China's manufacturing sector. "As demand from Chinese companies shrinks, the aggregate demand of the economy will be less," Hu added. Lian Ping, chief economist with the Bank of Communications, said that the PPI would gradually go up within the year but the positive growth in PPI might not be seen until the third quarter.China's consumer inflation slightly accelerated in April, but still within a mild range that leaves room for policymakers to fine-tune policies to support the tepid economic casque dr dre recovery, official data showed Thursday. China's consumer price index (CPI), a main gauge of inflation, grew 2.4 percent year on year in April, up from 2.1 percent in March but well below the year's control target of 3.5 percent, according to the National Bureau of Statistics (NBS). The rise is largely in line with the market forecast of around 2.3 percent. The NBS attributed the gain mainly to an unusual increase in vegetable prices during that month as low temperatures and scarce rainfalls disrupted supplies. In gucci bags uk April, food prices, which account for nearly one-third of weighting in China's CPI, increased 4 percent year on year, with the prices of vegetables rising 5.9 percent, NBS data showed. On a monthly basis, consumer prices in April edged up 0.2 percent. Liu Ligang, chief economist with Greater China at ANZ Bank, expects the CPI growth in May to stay below 3 percent and gradually pick up pace in the latter half of the year due to a low year-ago comparison base. "But given the subdued momentum in the economic recovery, the CPI will not see rapid gains this year," he added. The country's economic growth unexpectedly dipped to 7.7 percent in the first quarter, falling casque docteur dre short of market expectations and suggesting a continued tepid economic rebound for the world's second-largest economy. While analysts largely believe inflationary pressures are not a cause for concern in the short term, Thursday's data regarding prices at factory gates demanded more market attention. China's producer price index (PPI), which measures wholesale inflation, fell 2.6 percent year on year in April, marking the 14th straight month of decline and the steepest drop in six months that pointed gucci tote bag to continued weak market demand. Official data earlier this month showed China's Purchasing Managers' Index for the manufacturing sector fell to 50.6 percent in April from 50.9 percent in March. The sub-index for new orders edged down 0.6 percentage points from the previous month to 51.7 percent. Given the weak growth activity and relatively subdued inflation, China may bend towards looser monetary policies to keep liquidity flowing to nurture the recovery, while proceeding with structural reforms to sustain long-term growth, Liu said. The possibility of an interest rate cut within the year is on the rise, he projected. But Lian Ping, an economist with the Bank of Communications, held that such a radical move is unlikely, as the current liquidity is ample enough to support growth and casque beats studio further significant easings may once again fan up property prices. Besides, the central bank's sale of 10 billion yuan (1.6 billion U.S. dollars) of three-month bills on Thursday dampened the possibility of a rate cut, he noted. Lu Zhengwei, chief economist at the China Industrial Bank, said instead of relying on reducing the interest rate or banks' reserve requirement ratio, the central bank will continue to adjust liquidity via open market operations. The ChiNext Index, tracking China's Nasdaq-style board gucci diaper bag of growth enterprises, increased 1.23 percent, or 12.08points, to close at 992.16 points on Thursday. 
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