Reported Earlier, China Producer Price Index (YoY) For March -2.8% Vs. -2.8% Est.; -2.7% Prior
Portfolio Pulse from Benzinga Newsdesk
China's Producer Price Index (PPI) for March reported a year-over-year decrease of 2.8%, aligning with estimates but showing a slight decline from the previous -2.7%.
April 11, 2024 | 4:30 am
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The reported PPI decrease in China could indicate cooling industrial activity, potentially impacting FXI, an ETF focused on Chinese equities.
The Producer Price Index is a key economic indicator reflecting the health of the manufacturing sector. A decrease suggests reduced industrial activity, which could negatively impact companies within the FXI ETF, leading to a potential short-term decrease in its value.
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