China inflation positive

Monday 11 April 2016

Chinese inflation for March is out and has CPI at 2.3% year on year and PPI -4.6% year on year:

CPI is contained with food offset by energy.

PPI is a good leading indicator of industrial activity so its improvement is another sign of improving conditions (within a lousy context). The internals tell the tale:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.