Yesterday, the monitoring data of rising production material for 5 weeks. 6 months will no doubt by PPI, narrow, but experts say rising unsustainable.
According to the ministry data, last week (June 22-28), the production of material price index 121.88 points a week before, still small, rose by 0.1%. 5 months from 25 to 28 June, the five weeks rose by 0.1%, the percent, 0.5%, 0.1% and 0.1%.
About rising raw material, haitong securities LiuTieJun macro-economic analyst had said on the international market, oil, iron ore, etc, but due to push prices socgen (601166, shares) expert lu zhengwei pull factors that domestic demand.
He said, rise continuously hinted June rose could rise sharply PPI annulus year-on-year drop, narrow. But he thinks, by PPI, narrow, does not mean that inflation outlook appears. Since this year, production material price compared to create sustainable trend, and later uplink still not sustained.
Robust economic data analysis, since this year, but compared performance are mainly concentrated in state-owned enterprises, expansionary policy, not reflected in the wider economy.
