Consumer and producer inflation from China
- CPI in at 1.9% vs. expected 2.1%, prior 2.2%
- PPI came in at 0.9% against expected 1.6%, prior 2.7%
PPI increase the smallest since September of 2016
A less robust domestic demand picture in China might well be playing a part in this … less healthy external sector combined with that.
I just posted on the AUD prior to this data release …. its dropping further after this.
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ps. the counter to a weaker picture in China is it'll prompt more stimulus