AI Data Insight
China's consumer goods PPI month-on-month growth rate for Q3 2026 recorded -0.1%. Although this slightly narrowed compared to the previous reading of -0.3% in Q2 2026, it remains in negative territory. Against the backdrop of both overall PPI and CPI falling below market expectations, this reflects that terminal consumer demand remains weak, and it will still take time for policy transmission to take effect in the real economy.