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China Dec. PPI likely down 1.9 pct y-o-y, survey
BEIJING, Jan 05, 2013 (Xinhua via COMTEX) --
China's Producer Price Index (PPI) in
December is likely to decline less than that in November, with the
estimated drop at 1.9 percent year on year, according to results of a
survey conducted by Xinhua 08, a Xinhua-run financial information
service platform.
According to the survey, the average forecast for the PPI growth
in December of 2012 stood at -1.9 percent with the decline narrowed
from the 2.2 percent fall in November.
Institutions made different forecasts about month-on-month growth
of the PPI.
Industrial Bank predicted that the month-on-month PPI growth would
be -0.2 percent in December, compared to a decline of 0.1 percent in
November, while the Bank of Communications forecast the PPI would go
up 0.2 percent from the previous month due to short-term imported
inflation.
However, the institutions surveyed widely hold that the
year-on-year growth of the PPI has bottomed out. With China's efforts
to stabilize its economy and against the backdrop of ample liquidity
around the globe, an upward trend in PPI growth is expected in 2013.
They said that the PPI would register positive growth in the
second quarter of 2013.
The following table shows each institution's forecast for PPI
growth in December of 2012.
Institution
PPI growth on year
Industrial Bank
-2.10%
Bank of Communications
-1.70%
Founder Securities
-2.00%
Everbright Securities
-2.00%
CITIC Securities
-1.90%
Shenyin & Wanguo Securities
-1.80%
CEBM Group
-1.70%
UBS Securities
-1.80%
Hua Chuang Securities
-1.90%
China Construction Bank
-1.70%
Average figure
-1.90%
(Edited by Jiang Yujuan, jiangyj@xinhua.org)
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