Recent data released by the Liaoning Survey Team of the National Bureau of Statistics shows that Liaoning's Producer Price Index (PPI) for industrial products fell 3.1% year-on-year in November, with the decline widening by 1.9 percentage points compared to October. On a monthly basis, the PPI shifted from flat in October to a 0.3% decline in November.
The Industrial Purchasing Price Index (IPI) dropped 4.2% year-on-year, with the contraction deepening by 0.4 percentage points from the previous month. Month-on-month, the IPI fell 0.8%, accelerating by 0.5 percentage points. From January to November, the cumulative PPI declined 4.1% year-on-year, while the IPI dropped 4.9% over the same period.
Breaking down the data by sector, the ex-factory prices of production materials decreased 1.6% year-on-year in November. Within this category, mining industry prices fell 4.7%, processing industry prices dropped 2.0%, and raw material prices declined 0.8%. Meanwhile, the ex-factory prices of consumer goods plunged 10.1%, with durable consumer goods down 17.5%, food prices down 3.7%, and general daily necessities down 2.4%.
Among the nine major categories of raw material purchasing prices, only one saw an increase while eight declined year-on-year in November. Wood and pulp prices rose 1.4%, while other industrial raw materials and semi-finished products fell 0.4%, textile materials dropped 0.5%, non-ferrous metals and wires declined 1.0%, ferrous metals slid 2.4%, building materials and non-metallics tumbled 5.5%, agricultural by-products slumped 6.9%, chemical raw materials plunged 7.6%, and fuel and power prices plummeted 7.9%.
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