In October this year, China's producer price index (PPI) for its ferrous metal smelting and rolling sector decreased by 4.5 percent year on year, 3.9 percentage points faster compared to the declining pace recorded in September, while edging down by 0.7 percent month on month, according to the data released by China's National Bureau of Statistics (NBS). In the January-October period this year, China's PPI for its ferrous metal smelting and rolling sector declined by 8.2 percent year on year.
China's overall PPI decreased by 2.1 percent year on year in October, while it rose by 0.1 percent month on month. Also in October, Chinese industrial producers' purchase prices declined by 2.7 percent year on year and rose by 0.1 percent compared to September this year.
In the January-October period this year, China's overall PPI declined by 2.7 percent year on year, while Chinese industrial producers' purchase prices decreased by 3.2 percent year on year.
