China CPI -1.2% On Year In August

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Consumer prices in China were down 1.2 percent on year in August, the National Bureau of Statistics said on Friday - slightly below forecasts for a 1.3 percent decline after the 1.8 percent contraction in July.

Producer prices declined 7.9 percent on year versus expectations for a 7.8 percent annual contraction after the 8.2 percent fall on year in the previous month.

Retail sales also were roughly in line, gaining 15.4 percent on year compared to forecasts for a 15.3 percent increase following the 15 percent gain in July.

Industrial production was up 12.3 percent on year, topping forecasts for an 11.9 percent annual increase after the 10.8 percent gain a month earlier.

Urban fixed asset investment for the period of January to August was up 33 percent on year.

(Market News Provided by RTTNews)