China Producer Price Index (YoY) For July -4.4% Vs. -4.1% Est.; -5.4% Prior
Portfolio Pulse from Benzinga Newsdesk
China's Producer Price Index (PPI) for July came in at -4.4%, worse than the estimated -4.1% and the prior figure of -5.4%.
August 09, 2023 | 3:50 am
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The worse-than-expected PPI data from China may negatively impact the iShares China Large-Cap ETF (FXI), as it indicates a weaker Chinese economy.
The Producer Price Index (PPI) is a key economic indicator that measures the average changes in prices received by domestic producers for their output. A worse-than-expected PPI indicates a weaker economy, which may negatively impact the performance of the iShares China Large-Cap ETF (FXI), as it is heavily invested in Chinese companies.
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