China CPI and PPI for April: CPI +1.8% (vs. +2.1% expected)

• China PPI for April, -2.0% y/y (vs. expected -1.9%, prior was -2.3%)
• China CPI for April: +1.8% y/y (vs. expected 2.1%, prior was 2.4%)

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Another PPI fall and another sign that demand at the factory gate remains weak in China, still signs of weakness in the industrial sector.

Meanwhile, slower inflation than previous and expected can also be read as a sign of economic weakness.