China – faster PPI deflation
High-frequency data continue to point to a faster rate of deflation in China in recent weeks. One reason is lower energy prices, which should bring some economic relief to downstream firms, but building materials and steel prices are also falling. Cyclical momentum the economy remains very weak.
If you find these Quick Take Charts interesting, you will like our full research service even more. For details, please get in touch: paul@eastasiaecon.com