Ambiguous Tea Leaves

Ambiguous Tea Leaves

Inflation worries were back on the menu Friday, after data showed producer prices in China jumped the most in years amid higher commodity costs. The 4.4% jump (figure below) was well ahead of consensus, which was looking for a 3.6% rise. Base effects mattered, but as SocGen's Michelle Lam and Wei Yao wrote, PPI "still climbed a strong 1.6% MoM, owed mainly to the rise in energy and metal prices." China being the "producer to the world," surging factory gate prices could presage higher consumer
Subscribe or log in to read the rest of this content.

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.