Reported Earlier, China Producer Price Index (YoY) For August -1.8% Vs. -1.5% Est.; -0.8% Prior
Portfolio Pulse from Benzinga Newsdesk
China's Producer Price Index (PPI) for August fell by 1.8% year-over-year, which is a larger decline than the estimated 1.5% and the previous month's 0.8% decrease. This indicates continued deflationary pressures in China's industrial sector.
September 09, 2024 | 5:28 am
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The iShares China Large-Cap ETF (FXI) may be impacted by the larger-than-expected decline in China's PPI, indicating deflationary pressures in the industrial sector.
The larger-than-expected decline in China's PPI suggests deflationary pressures, which could negatively impact the performance of Chinese industrial companies. As FXI is an ETF that tracks large-cap Chinese stocks, it may experience downward pressure.
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