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#1 16-05-2018 08:13:52

Date d'inscription: 08-02-2018
Messages: 1714

development of domestic

BEIJING Penn State Nittany Lions Women's Jersey , May 10 (Xinhua) -- China's producer price inflation continued to ease in April as retreating commodity prices pushed factory-gate costs lower, official data showed Wednesday.

The producer price index (PPI), which measures costs of goods at the factory gate, rose 6.4 percent year on year last month, according to the National Bureau of Statistics (NBS).

The pace retreated from the 7.6 percent growth registered in March and 7.8 percent in February, which marked the highest since 2008.

Month on Month, the PPI edged down 0.4 percent Oregon Ducks Women's Jersey , the first monthly drop since July last year.

Price declines widened in major industries in April, with factory-gate prices in the oil and gas extraction industry down 4.2 percent from a month earlier, noted NBS senior statistician Sheng Guoqing.

China's PPI has stayed in positive territory since September, when it ended a four-year streak of declines, partly due to the government's successful campaign to cut industrial overcapacity, which benefited the wider economy.

While the inflation is cooling in recent months, a slide back into deflation is not expected as robust demand Oklahoma State Cowboys Women's Jersey , efforts to close excess capacity, and a weaker yuan are all preventing a sharper slide in the index, noted Tom Orlik, chief Asia economist at Bloomberg.

But the deceleration in prices will reduce benefits to the broader economy such as increasing corporate profits, he added.

The PPI figures came alongside the release of the consumer price index, which rose 1.2 percent in April.

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VILNIUS, March 13 (Xinhua) -- Lithuanian central bank revised downwards the country's gross domestic product (GDP) forecast on Friday, mostly due to the worse outlook for the Russian economy which poses essential challenges to Lithuanian exporters.

The Bank of Lithuania expects Lithuanian economy to grow by 2.7 percent in 2015, to compare with 3.1 percent projected in last December.

"Although the development of domestic demand in the country is sustainable enough, internal growth alone is not sufficient to maintain the previously projected rates of economic development," Raimondas Kuodis, Deputy Chairman of the Board of the Bank of Lithuania Notre Dame Fighting Irish Women's Jersey , was quoted as saying in the bank's statement.

The significantly deteriorating situation in Russia, determined by persisting geopolitical tensions and falling oil prices, will worsen the performance of Lithuanian exporters, the bank stated.

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