China CPI inflation contracts in Oct, PPI eases amid stimulus watch
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.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 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.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.
Factory prices have been on an extended slump amid weak local demand and sluggish capital investment in the sector.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.
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.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
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.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China CPI inflation unexpectedly cools in Sept, PPI downChina CPI inflation unexpectedly cools in Sept, PPI down
Read more »
Global inflation update: Disinflation on track – Standard CharteredHeadline and core CPI inflation ease globally; global PPI inflation is approaching negative territory.
Read more »
Tokyo CPI inflation falls slightly less than expected in Oct, below BOJ targetTokyo CPI inflation falls slightly less than expected in Oct, below BOJ target
Read more »
Houston County property transfers, Oct. 14- Oct. 17Here's the latest for Thursday, Oct. 24th: Harris and Trump on the campaign trial; UN report warns about global warming; Buenos Aires police investigating Liam Payne death; New York Liberty celebrate WNBA championship.
Read more »
Houston County property transfers, Oct. 28- Oct. 31Seller, buyer, property location, total purchase price, date
Read more »
See all homes sold in these PA areas, Oct. 21 to Oct. 27The following is a list of all transaction lists articles in these Pennsylvania areas published from Oct. 21 to Oct. 27.
Read more »