📈 Will you get serious about investing in 2025? Take the first step with 50% off InvestingProClaim Offer

China CPI inflation contracts in Oct, PPI eases amid stimulus watch

Published 10/11/2024, 23:42
© Reuters.

© Reuters.

USD/CNY
0.38%
CSI300
-2.91%

Investing.com-- Chinese consumer price index inflation shrank in October as spending showed little signs of improving, while producer inflation also contracted as Beijing ramped up its stimulus efforts to support the economy.

CPI inflation rose 0.3% year-on-year in October, in line with expectations, but slowing from the 0.4% increase seen in September. CPI shrank 0.3% on a monthly basis, data released over the weekend showed. 

The CPI reading was its weakest since July, and showed that consumer spending was seeing little improvement even as Beijing rolled out a slew of major stimulus measures over the past month.

China’s National People’s Congress on Friday approved 10 trillion yuan ($1.6 trillion) in increased fiscal spending to boost the economy, although it was doubtful whether the measure would help spur an immediate improvement in economic activity and private spending. Investors were also underwhelmed by a lack of targeted measures at shoring up private spending. 

Weakness in China’s manufacturing sector persisted, with producer price index inflation shrinking  2.9% in October, worse than expectations for a drop of 2.5% and shrinking further from the 2.8% seen in the prior month. The PPI reading also marked its 25th consecutive month of contraction.

Factory prices have been on an extended slump amid weak local demand and sluggish capital investment in the sector. 

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads.

Which stock should you buy in your very next trade?

With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities.

In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record.

With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.

Unlock ProPicks AI

Latest comments

Muhammad Zulikarnane11 Nov 2024, 00:54
Zuckerberg
Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.