National Bureau of Statistics: Interpretation of industrial product ex-factory price data in May In May, the national industrial product ex-factory price continued to expand year-on-year, and the chain continued to rise. In May, due to the decline in the ex-factory price of major industrial products, the national industrial product ex-factory price continued to expand. Compared with the same month of last year, the ex-factory price of industrial products fell by 7.2%, and the purchase price of raw materials, fuels and power decreased by 10.4%, which was 0.6 and 0.8 percentage points higher than that in April.
From the perspective of composition, the ex-factory prices of production materials and living materials continue to decline. In May, the ex-factory price of production materials fell by 8.8% compared with the same month of last year, and the decline was 0.7 percentage points higher than that in April, which affected the overall level of ex-factory prices of industrial products by about 6.7 percentage points. Among them, the ex-factory prices of extractive industry, raw material industry and processing industry products decreased by 21.8%, 10.9% and 6.2% respectively compared with the same month of last year, and the decline was 0.3, 0.6 and 0.8 percentage points higher than that in April 2009. The ex-factory price of living materials fell by 1.9% compared with the same month of last year, affecting the industrial product price drop by about 0.5 percentage points. Among them, food prices fell by 2.8%, clothing prices fell slightly by 0.2%, general commodity prices fell by 0.8%, and durable consumer goods prices fell by 3%, a decrease of 0.1, 0.1, 0.4 and 0.3 percentage points respectively compared with April 2009. .
The main reasons for the continued decline in industrial product prices in May:
1. The negative impact of the international financial crisis on the real economy is still increasing. Although various government policies have taken various measures to deal with the financial crisis this year, and some economic indicators have shown signs of falling, overall, the economic recession in major economies is still continuing, and global demand remains sluggish. Although the prices of some basic products have rebounded significantly due to abundant liquidity in the past two months, the ratio of high prices to last year is still low, especially the prices of industrial consumer goods are still in a downward channel. From the perspective of supply and demand, the overall oversupply of China's industrial products is difficult to change in the short term, which in turn inhibits the rapid recovery of China's PPI.
2. Although the ex-factory price of industrial products and the purchase prices of raw materials, fuels and power in May 2009 increased by 0.1% and 0.6% respectively compared with the previous month, the price of industrial products in 2008 was rapidly “climbing†in the first 8 months. At the stage, the purchase price of industrial products and the purchase price of raw materials, fuels and power in April 2008 increased by 0.8% and 1.3% respectively, which was significantly higher than the increase in May this year, so it was the industry in May 2009. The price decline of the product continued to expand.
Third, from the month-on-month price changes, since the first time in April this year, the price of industrial products has risen for the second consecutive month since the negative conversion, thus ending the 7-month decline in the chain. Compared with last month's price, the ex-factory prices of industrial products in April and May 2009 increased by 0.2% and 0.1% respectively, and the purchase prices of raw materials, fuels and power increased by 0.8% and 0.6% respectively. It is noteworthy that the prices of major products in oil and gas exploration, petroleum processing and coking, chemical fiber, non-ferrous metal smelting and calendering processing have risen for three consecutive months, showing a clear upward trend.
From the perspective of composition, the ex-factory prices of production materials and living materials continue to decline. In May, the ex-factory price of production materials fell by 8.8% compared with the same month of last year, and the decline was 0.7 percentage points higher than that in April, which affected the overall level of ex-factory prices of industrial products by about 6.7 percentage points. Among them, the ex-factory prices of extractive industry, raw material industry and processing industry products decreased by 21.8%, 10.9% and 6.2% respectively compared with the same month of last year, and the decline was 0.3, 0.6 and 0.8 percentage points higher than that in April 2009. The ex-factory price of living materials fell by 1.9% compared with the same month of last year, affecting the industrial product price drop by about 0.5 percentage points. Among them, food prices fell by 2.8%, clothing prices fell slightly by 0.2%, general commodity prices fell by 0.8%, and durable consumer goods prices fell by 3%, a decrease of 0.1, 0.1, 0.4 and 0.3 percentage points respectively compared with April 2009. .
The main reasons for the continued decline in industrial product prices in May:
1. The negative impact of the international financial crisis on the real economy is still increasing. Although various government policies have taken various measures to deal with the financial crisis this year, and some economic indicators have shown signs of falling, overall, the economic recession in major economies is still continuing, and global demand remains sluggish. Although the prices of some basic products have rebounded significantly due to abundant liquidity in the past two months, the ratio of high prices to last year is still low, especially the prices of industrial consumer goods are still in a downward channel. From the perspective of supply and demand, the overall oversupply of China's industrial products is difficult to change in the short term, which in turn inhibits the rapid recovery of China's PPI.
2. Although the ex-factory price of industrial products and the purchase prices of raw materials, fuels and power in May 2009 increased by 0.1% and 0.6% respectively compared with the previous month, the price of industrial products in 2008 was rapidly “climbing†in the first 8 months. At the stage, the purchase price of industrial products and the purchase price of raw materials, fuels and power in April 2008 increased by 0.8% and 1.3% respectively, which was significantly higher than the increase in May this year, so it was the industry in May 2009. The price decline of the product continued to expand.
Third, from the month-on-month price changes, since the first time in April this year, the price of industrial products has risen for the second consecutive month since the negative conversion, thus ending the 7-month decline in the chain. Compared with last month's price, the ex-factory prices of industrial products in April and May 2009 increased by 0.2% and 0.1% respectively, and the purchase prices of raw materials, fuels and power increased by 0.8% and 0.6% respectively. It is noteworthy that the prices of major products in oil and gas exploration, petroleum processing and coking, chemical fiber, non-ferrous metal smelting and calendering processing have risen for three consecutive months, showing a clear upward trend.
Shower Faucet,Bathroom Shower Faucets,Single Handle Shower Faucet,Bath Mixer Taps With Shower
AIHUI Sanitary Ware , https://www.aihuisanitary.com