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China's Major Economic Indicators in July

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5. The year-on-year change of producers' prices for manufactured goods continued to decrease, the month-on-month change rose up.

In July, the producers' prices for manufactured goods went down by 8.2 percent year-on-year (it was 10.0 percent growth in July 2008), or 0.4 percentage point lower over that in the previous month. In the first seven months of this year, the year-on-year change of the producers' price for manufactured good was down by 6.2 percent (it was up 8.0 percent the same period a year ago), which was 0.3 percentage points lower over that in the first half of this year. The producers' prices for means of production went down by 10.1 percent year-on-year in July, of which that for mining and quarrying industry downed by 23.8 percent, raw materials industry down 12.1 percent and processing industry down by 7.4 percent. The producers' prices for means of livelihood dropped by 2.3 percent, of which, the food prices down by 3.1 percent, clothing 0.6 percent, articles for daily use down by 1.9 percent and durable consumer goods down by 2.8 percent. In July, the month-on-month change of the producers' prices for manufactured goods went up by 1.0 percent, which was the fourth consecutive month of growth.

In July, the purchaser's prices for raw materials, fuel and power decreased by 11.7 percent year-on-year (it was up 15.4 percent in July 2008), or 0.5 percentage point lower than that in the previous month. In the first seven months of this year, the purchaser’s prices for raw materials, fuel and power decreased by 9.2 percent year-on-year (it was up 11.7 percent in the same period of last year), or 0.5 percentage point lower than that in the first half of this year. In July, the year-on-year change of prices for nonferrous metals, fuel and power, ferrous metals and raw chemical materials went down by 25.0 percent, 16.1 percent, 20.7 percent and 11.7 percent respectively.

(National Bureau of Statistics August 11, 2009)

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