China: PPI (MoM) - All Industrial Products

Macro

2026-10-14

Description

China's Industrial Producer Price Index (PPI) is calculated and published by China's National Bureau of Statistics (NBS). China's PPI reflects the changing trend and amplitude of the overall ex-factory price level of all industrial products when they are first sold within a certain period. It is an important indicator that reflects the cost pressure and inflation trend of Chinese enterprises.

The monthly growth rate of PPI is usually used to observe changes in corporate costs and predict the future direction of the Consumer Price Index (CPI). A higher monthly PPI growth rate means that short-term business costs will rise, which may be passed on to consumers, driving up CPI; conversely, a lower monthly PPI growth rate means that business costs will fall during the period and CPI pressure will decrease.

China's PPI survey covers 39 industrial industry categories, involving 186 survey categories, including more than 4,000 products (including more than 9,500 specifications).

Published by
National Bureau of Statistics of China (Choice)
Frequency
Monthly
Next Update
Hashtags
China Industry PPI

AI Data Insight

China's Producer Price Index (PPI) month-over-month (MoM) growth jumped to 1.2% in September 2026, expanding significantly from 0.4% in August, with the year-over-year (YoY) growth also exceeding market expectations. This was primarily driven by soaring international crude oil and non-ferrous metal prices triggered by Middle East geopolitics, leading to a sharp rise in the costs of means of production such as upstream mining and energy processing. Looking ahead, with the relatively sluggish recovery in end-consumer demand, mid- and downstream manufacturing industries may face more severe profit margin squeeze risks.

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AI Data Insight

China's Producer Price Index (PPI) month-over-month (MoM) growth jumped to 1.2% in September 2026, expanding significantly from 0.4% in August, with the year-over-year (YoY) growth also exceeding market expectations. This was primarily driven by soaring international crude oil and non-ferrous metal prices triggered by Middle East geopolitics, leading to a sharp rise in the costs of means of production such as upstream mining and energy processing. Looking ahead, with the relatively sluggish recovery in end-consumer demand, mid- and downstream manufacturing industries may face more severe profit margin squeeze risks.

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Description

China's Industrial Producer Price Index (PPI) is calculated and published by China's National Bureau of Statistics (NBS). China's PPI reflects the changing trend and amplitude of the overall ex-factory price level of all industrial products when they are first sold within a certain period. It is an important indicator that reflects the cost pressure and inflation trend of Chinese enterprises.

The monthly growth rate of PPI is usually used to observe changes in corporate costs and predict the future direction of the Consumer Price Index (CPI). A higher monthly PPI growth rate means that short-term business costs will rise, which may be passed on to consumers, driving up CPI; conversely, a lower monthly PPI growth rate means that business costs will fall during the period and CPI pressure will decrease.

China's PPI survey covers 39 industrial industry categories, involving 186 survey categories, including more than 4,000 products (including more than 9,500 specifications).

Published by
National Bureau of Statistics of China (Choice)
Frequency
Monthly
Next Update
Hashtags
China Industry PPI