Reported Late Thursday, China Producer Price Index (YoY) For September -2.5% Vs. -2.4% Est.; -3% Prior
Portfolio Pulse from Benzinga Newsdesk
China's Producer Price Index (PPI) for September was reported late Thursday to be -2.5%, compared to the estimated -2.4% and the prior -3%. This indicates a slower than expected deflation in the prices of goods sold by manufacturers.
October 13, 2023 | 5:22 am
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POSITIVE IMPACT
The reported PPI may impact the iShares China Large-Cap ETF (FXI), as it reflects the economic conditions in China. The slower deflation could indicate a potential recovery, which may be positive for the ETF.
The PPI is a key economic indicator that reflects the trend of inflation or deflation in a country. A slower deflation rate could indicate a potential recovery in the economy, which may be positive for the ETF that tracks large-cap Chinese companies. However, the impact may not be immediate and depends on other factors as well.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80