According to the Securities Times, Dong Lijuan, chief statistician of the City Department of the National Bureau of Statistics, interpreted PPI data in April 2024. In April, industrial production continued to recover, demand in some industries fell in stages, and the national PPI month-on-month decline narrowed compared with the same period last year.
From a month-on-month point of view, PPI decreased by 0.Baccaratcrystalsale0.2%, an increase of 0% over the previous month.Baccaratcrystalsale.1 percentage points. Of this total, the price of the means of production fell by 0.2%, an increase of 0.1 percentage point.BaccaratcrystalsaleThe price of means of subsistence fell by 0.1%, the same rate as last month. Affected by the rising international prices of crude oil and non-ferrous metals, the prices of the domestic oil and gas mining industry, oil, coal and other fuel processing industries rose 3.4% and 1.0% respectively.BaccaratcrystalsaleThe prices of the non-ferrous metal smelting and Calendering industries rose 3.2%, of which the prices of gold smelting and copper smelting rose by 8.0% and 5.8% respectively. The supply of coal is adequate, the demand for thermal coal has fallen seasonally, and the prices of coal mining and washing industries have fallen by 3.0%. Since mid-April, the supply and demand of the steel market has improved slightly, the price has risen, the monthly average has still declined, and the price of the ferrous metal smelting and Calendering industry has dropped by 2.5%. In the equipment manufacturing industry, the prices of gasoline and diesel vehicles and new energy vehicles fell by 0.9 percent and 0.2 percent respectively, and the prices of computer communications and other electronic equipment manufacturing industries dropped by 0.2 percent. In the consumer goods manufacturing industry, the prices of culture, education, industry, sports and entertainment products manufacturing industry, and textile and clothing industry rose 1.7% and 0.1% respectively.
Compared with the same period last year, PPI fell 2.5%, 0.3 percentage points lower than the previous month. Of this total, the prices of the means of production fell 3.1 percent, or 0.4 percentage points, while the prices of means of subsistence fell 0.9 percent, or 0.1 percentage points. Among the major industries, the prices of coal mining and washing fell by 14.2%, chemical raw materials and chemical products by 5.4%, electrical machinery and equipment by 4.2%, and agricultural and non-staple food processing by 3.6%. The prices of computer communications and other electronic equipment manufacturing industries fell by 2.0%, and those of oil, coal and other fuel processing industries fell by 1.0%. The prices of the non-metallic mineral products industry fell by 9.0%, the prices of the ferrous metal smelting and Calendering industries dropped by 8.5%, the prices of the automobile manufacturing industry fell by 2.0%, and the prices of the oil and natural gas mining industry increased by 9.4%. The prices of non-ferrous metal smelting and Calendering processing industries increased by 3.6%.
Proofreading: Wang Jincheng
