China's producer price index (PPI), which measures costs for goods at the factory gate, went down 2.3 percent year on year in September, the National Bureau of Statistics (NBS) said Wednesday.
The decline narrowed by 0.6 percentage points from the previous month, suggesting an improvement in industrial demand amid government efforts to bolster economic growth.
On a monthly basis, the PPI held steady in September after a 2.9 percent year-on-year decrease in August, the NBS data showed.
The PPI for purchased materials by industrial producers decreased by 3.1 percent year on year, with the rate of decline narrowing by 0.9 percentage points compared to the previous month, while the month-on-month figure increased by 0.1 percent.
For the first nine months of the year, the PPI was down 2.8 percent compared to the same period in 2024 while the average purchasing prices for industrial producers fell by 3.2 percent.
Wednesday's data also showed that China's consumer price index, a main gauge of inflation, was down 0.3 percent year on year in September.
China's PPI down 2.3 pct in September, narrows its fall
