Ex-factory prices of chemical raw materials and products manufacturing industry fell by 7.5% year-on-year in July
The National Bureau of Statistics yesterday released the factory price index (PPI) of industrial producers for July 2020. In July 2020, the factory price of industrial producers nationwide dropped by 2.4% year-on-year and increased by 0.4% month-on-month; the purchasing price of industrial producers dropped by 3.3 year-on-year. %, up 0.9% month-on-month.
In July, the ex-factory prices of chemical raw materials and chemical products manufacturing industry fell by 0.1% month-on-month and 7.5% year-on-year.
In July, industrial production continued to rebound, market demand gradually recovered, and international bulk commodity prices continued to rise.
From a month-on-month perspective, PPI rose by 0.4%, the same rate as last month. Among them, the price of means of production rose by 0.5%, and the price of means of subsistence rose by 0.1%, both at the same rate as last month. From the survey of 40 industrial sectors, 21 saw price increases, 1 less than the previous month; 15 declined, 3 increased, and 4 remained unchanged, 2 decreased.
Affected by the continued rebound in international crude oil prices, prices in petroleum-related industries continued to rise. Among them, the prices of petroleum and natural gas extraction industries rose by 12.0%, and the prices of petroleum, coal and other fuel processing industries rose by 3.4%.
From a year-on-year perspective, the PPI fell by 2.4%, a decrease of 0.6 percentage points from the previous month. Among them, the price of means of production fell by 3.5%, and the rate of decline narrowed by 0.7%; the price of means of living rose by 0.7%, and the rate of increase expanded by 0.1%.
The price decline of major industries has narrowed. Among them, the price of oil and natural gas extraction industry fell by 27.8%, a decrease of 11.3 percentage points; the price of petroleum, coal and other fuel processing industries fell by 17.0%, a decrease of 4.6 percentage points; the prices of chemical raw materials and chemical products manufacturing fell by 7.5%, and closed 0.4% narrower.
On average from January to July, the ex-factory price of industrial producers fell by 2.0% over the same period last year, and the purchase price of industrial producers fell by 2.7%. Among them, the ex-factory prices of chemical raw materials and chemical products manufacturing fell by 6.7% year-on-year.
In July, the ex-factory prices of chemical raw materials and chemical products manufacturing industry fell by 0.1% month-on-month and 7.5% year-on-year.
In July, industrial production continued to rebound, market demand gradually recovered, and international bulk commodity prices continued to rise.
From a month-on-month perspective, PPI rose by 0.4%, the same rate as last month. Among them, the price of means of production rose by 0.5%, and the price of means of subsistence rose by 0.1%, both at the same rate as last month. From the survey of 40 industrial sectors, 21 saw price increases, 1 less than the previous month; 15 declined, 3 increased, and 4 remained unchanged, 2 decreased.
Affected by the continued rebound in international crude oil prices, prices in petroleum-related industries continued to rise. Among them, the prices of petroleum and natural gas extraction industries rose by 12.0%, and the prices of petroleum, coal and other fuel processing industries rose by 3.4%.
From a year-on-year perspective, the PPI fell by 2.4%, a decrease of 0.6 percentage points from the previous month. Among them, the price of means of production fell by 3.5%, and the rate of decline narrowed by 0.7%; the price of means of living rose by 0.7%, and the rate of increase expanded by 0.1%.
The price decline of major industries has narrowed. Among them, the price of oil and natural gas extraction industry fell by 27.8%, a decrease of 11.3 percentage points; the price of petroleum, coal and other fuel processing industries fell by 17.0%, a decrease of 4.6 percentage points; the prices of chemical raw materials and chemical products manufacturing fell by 7.5%, and closed 0.4% narrower.
On average from January to July, the ex-factory price of industrial producers fell by 2.0% over the same period last year, and the purchase price of industrial producers fell by 2.7%. Among them, the ex-factory prices of chemical raw materials and chemical products manufacturing fell by 6.7% year-on-year.
