BEIJING: Prices for goods at the factory gate in China missed expectations in May, the government said Friday, in a possible sign of weakening demand for the world’s second-largest economy.
The producer price index (PPI) rose 5.5 percent year-on-year, according to the National Bureau of Statistics (NBS), slightly lower than economists’ expectation of a 5.6 percent increase in a Bloomberg News survey and down from a 6.4 percent gain in April.
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