China's producer prices fell less than expected in March while consumer inflation stabilised, a sign that strong deflationary pressures in the country's industrial sector may be lessening.
Some economists said receding worries over factory gate price declines might point to less aggressive monetary easing in the coming months. They have been watching how inflation evolves this year following a prolonged easing campaign by China's central bank beginning in late 2014, which has boosted credit, but has yet to result in substantial price increases.
Producer prices in March fell 4.3% from a year earlier, extending their decline to a full four years, but at a slower rate than a median forecast in a Reuters poll of a 4.6% decline.
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Some economists said receding worries over factory gate price declines might point to less aggressive monetary easing in the coming months. They have been watching how inflation evolves this year following a prolonged easing campaign by China's central bank beginning in late 2014, which has boosted credit, but has yet to result in substantial price increases.
Producer prices in March fell 4.3% from a year earlier, extending their decline to a full four years, but at a slower rate than a median forecast in a Reuters poll of a 4.6% decline.
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