Chinese PPI YoY (Feb) Y/Y -0.9% vs. Exp. -1.1% (Prev. -1.4%)
Newsquawk Staff ·
Chinese PPI YoY (Feb) Y/Y -0.9% vs. Exp. -1.1% (Prev. -1.4%)
What it means
The February Chinese PPI data came in at -0.9%, better than the expected -1.1% and an improvement from the previous -1.4%. This beat suggests a potential moderation in deflationary pressures, which might impact market expectations regarding China's economic recovery and influence commodity prices as well as the Asian currencies moving forward.
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