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China's factory-gate prices see narrowed decline in November

Updated: Dec 09,2020 10:18 AM    Xinhua

BEIJING — China's producer prices saw narrowed decline in November amid a steady recovery in industrial activities, official data showed on Dec 9.

The producer price index (PPI), which measures costs for goods at the factory gate, fell 1.5 percent year-on-year in November, narrowed from the 2.1-percent drop in October, said the National Bureau of Statistics (NBS).

On a monthly basis, the PPI rose 0.5 percent last month.

Market demand continued to improve in November with rising prices of industrial products, said NBS senior statistician Dong Lijuan.

In the first 11 months, the PPI went down 2 percent on average from the same period last year, NBS data showed.

The PPI data came along with the release of the consumer price index, a main gauge of inflation, which dipped 0.5 percent year-on-year in November.

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