Asien: Chinas Erzeugerpreise steigen so stark wie seit über vier Jahren nicht mehr
Hohe Energiekosten treiben die Erzeugerpreise in China an. Auf Jahressicht lag das Plus im Oktober bei 5,7 Prozent. Auch im September waren die Preise bereits deutlich gestiegen.
Beijing - China's producer prices in October surged to their highest level in nearly four and a half years, according to official data, as soaring energy costs took their toll. The Producer Price Index rose 5.7% year-on-year, the National Bureau of Statistics announced on Monday, up from 5.0% in September. Economists surveyed by Reuters had anticipated a 5.3% increase.
Meanwhile, consumer prices rose 0.7% in October, after a 0.9% rise in the previous month, exceeding expectations of a 0.8% increase. The high global oil prices made production in energy-intensive industries more expensive. However, companies cannot pass on these higher costs to consumers fully due to weak internal demand. The core inflation, excluding volatile food and energy prices, fell to 0.8% in October.
China's economy grew stronger than expected in the third quarter due to robust exports, but weak demand from private households continues to dampen consumption. Ongoing trade tensions, a weakening domestic stock market, and the strong yuan also cloud prospects. Efforts by the government to stabilize the capital market have so far failed to bring a significant improvement in consumer sentiment.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
