The third consecutive month of PPI deflation, an annualized rate of 3.6 percent deflation.
NBS: 2017年6月份工业生产者出厂价格同比上涨5.5%
As has been the case in the recent past, the only thing keeping Chinese consumer prices from sub-1 percent inflation or even outright deflation is the Spring Festival price spike.
NBS: 2017年6月份居民消费价格同比上涨1.5%
ISM Services in Contraction for the First Time Since December 2022
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Economic activity in the services sector contracted in April for the first
time since December 2022, ending a period of 15 consecutive months of
growth.
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