Trade Resources Economy in September 2012, Producer Price Index for Manufactured Goods Decreased 3.6 Percent

in September 2012, Producer Price Index for Manufactured Goods Decreased 3.6 Percent

In September 2012, Producer Price Index (PPI) for manufactured goods decreased 3.6 percent, year-on-year, and 0.1 percent decrease month-on-month. The purchasing price index for manufactured goods went down by 4.1 percent year-on-year, and 0.1 percent increase month-on-month. In the average from January to September, the PPI decreased 1.5 percent, year-on-year, the purchasing price index for manufactured goods went down by 1.5 percent year-on-year.

Producer Prices for The Industrial Sector for September

Producer Prices for The Industrial Sector for September_1

1. Year-on-Year Changes of Prices of Different Categories

The year-on-year change of producer prices for means of production decreased 4.7 percent. In which, producer prices for mining and quarrying industry decreased 7.8 percent; that of raw materials industry decreased 5.0 percent, that of manufacturing and processing industry decreased 4.2 percent. Producer prices for consumer goods went up by 0.1 percent. Of which, producer prices for foodstuff increased 0.3 percent, that of clothing increased 1.6 percent, that of commodities up by 0.3 percent, while that of durable consumer goods dropped 1.1 percent.

The year-on-year purchaser price indices for ferrous metals declined 12.0 percent, non-ferrous metal materials and wires decreased 8.3 percent, chemical raw materials decreased 6.5 percent, building materials and non-metallic fell by 2.6 percent, fuel and power decreased 1.8 percent.

2. Month-on-Month Changes of Prices of Different Categories

The month-on-month change of producer prices for means of production decreased 0.1 percent. Of the total, producer prices for mining and quarrying industry increased 0.4 percent, that of raw materials industry increased 0.3 percent, that of manufacturing and processing industry dropped 0.4 percent. Producer prices for consumer goods went up by 0.2 percent month-on-month. Of which, producer prices for foodstuff increased 0.4 percent, that of clothing and commodities increased 0.2 percent, while that of durable consumer goods decreased 0.1 percent.

The month-on-month purchaser price indexes for non-ferrous metal materials and wires increased 1.4 percent, agricultural and sideline products increased 0.9 percent, fuel and power increased 0.7 percent, ferrous materials fell by 2.2 percent, textile raw materials decreased 0.2 percent.

 

Price Indexes for the Industrial Sector in September

 

September

Jan-Sep
on Average

M/M(%)

Y/Y(%)

Y/Y(%)

 

 

 

 

I. Producer Price Indexes

-0.1

-3.6

-1.5

Means of production

-0.1

-4.7

-2.3

Mining and quarrying

0.4

-7.8

-1.2

Raw materials

0.3

-5.0

-1.7

Processing

-0.4

-4.2

-2.7

Means of subsistence

0.2

0.1

1.0

Food

0.4

0.3

1.7

Clothing

0.2

1.6

2.3

Articles for daily use

0.2

0.3

0.9

Durable consumer goods

-0.1

-1.1

-0.9

 

 

 

 

II. Purchaser Price Indexes

0.1

-4.1

-1.5

Fuel and Power

0.7

-1.8

1.8

Ferrous Metals

-2.2

-12.0

-6.2

Non-ferrous Metal Materials and Wires

1.4

-8.3

-6.3

Chemical Raw Materials

0.2

-6.5

-3.7

Wood and Pulp

0.0

-1.0

0.5

Building Materials and Non-metallic

-0.1

-2.6

0.1

Other Industrial Raw Materials and Semi-products

0.1

-2.0

-0.9

Agricultural and Sideline Products

0.9

-1.3

0.1

Textile Raw Materials

-0.2

-2.3

-0.6

 

 

 

 

Annotations:

1. Explanatory Notes

Producer Price Index for manufactured goods consists of producer price index and purchaser price index.

The industrial producer price index reflects the trend and level of prices change when the products are sold for the first time.

The industrial purchaser price index reflects the trend and level of prices change for the products purchased by the industrial enterprises as intermediate inputs.

2. Statistical Coverage

The statistical survey of industrial producer prices covers prices for over 11,000 products from 1702 subclasses, 191 groups; and the statistical surveys of industrial purchaser prices cover prices for over 6,000 industrial products from over 900 subclasses.

3. Survey Methods

Industrial producer prices are collected from combined surveys of key businesses and typical businesses. Starting from 2011, the key businesses are those with their turnover from primary activities over 20 million yuan, and the typical businesses are those with less than 20 million yuan. The surveys cover about 60,000 industrial enterprises in over 400 cities across the country.

Source: http://www.stats.gov.cn/english/pressrelease/t20121015_402842521.htm
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Producer Prices for The Industrial Sector for September
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