Producer Price Index of Chemical Industry down 7.6% YoY in August
Year:2020 ISSUE:18-19
COLUMN:NEWSDESK
Click:0    DateTime:Sep.24,2020

Producer Price Index for Industrial Products (PPI) was down 2% YoY and up 0.3% MoM in August, when Purchaser Price Index fell 2.5% YoY and rose 0.6% MoM (Jan-Aug, down 2% YoY and down 2.7% YoY, respectively), the National Bureau of Statistics issued on September 9.

More specifically, Producer Price Index of the petroleum and natural gas extraction industry was down 25.2% YoY and up 3.6% MoM in August, and in the petroleum, coal and other fuel processing industry, it declined 16.7% YoY and increased 1.2% MoM. The chemical industry saw decreases of 7.6% YoY and 0.2% MoM in the same month (Jan-Aug, down 6.8% YoY). 

In addition, it fell 8% YoY in the coal mining and washing industry. Producer Price Index of the chemical fiber manufacturing industry fell 1.2% MoM, and that of the rubber and plastic product industry was down 0.2% MoM, both in August (Jan-Aug, down 14.2% YoY and down 1.9% YoY, respectively).