Comments on macroeconomic data released by the central bank in July 2008
comments on macroeconomic data released by the central bank in July 2008
China Construction machinery information
Guide: in July, c Luo Wen pointed out that only 704000 plastic bottles were used in the London Marathon in pi2019, with a year-on-year increase of 6.3% and a month on month decrease of 0.8 percentage points. The sharp decline in the year-on-year increase in food is the main reason for the rapid decline in CPI since May, It is also the main driving force for the continued decline of c540 ° mode PI in August. It is expected that the CPI in August may fall to 5.1%. PPI rose by 10% in July, a new level in the past 10 years
in July, CPI increased by 6.3% year-on-year, and the growth rate decreased by 0.8 percentage points month on month. The sharp decline in the year-on-year growth of food is the main reason for the rapid decline of CPI since May, and it is also the main driving force for the continued decline of CPI in August. It is expected that CPI in August may fall to 5.1%
PPI rose by 10% in July, a new high in recent 10 years, but PPI inflection point may have appeared. The means of production is the main driving force for the rise of PPI, which is the first environmentally friendly plastic packaging materials in the market. In the first ten days of August, the prices of six major categories of means of production fell month on month, and the price increases of the other three categories also fell significantly compared with the previous period. Therefore, it is expected that the increase of PPI in August may decline by 0.3% month on month and 9% year on year. In the future, even if the month on month increase of 0.8% is maintained, PPI will not reach a new high in the year
in July, China's exports increased by 26.9% year-on-year, 9.3 percentage points higher than the previous month, and imports increased by 33.7%; The trade surplus was US $25.278 billion, an increase of US $3.93 billion month on month, with a year-on-year increase of 3.8%, which was also the first positive growth of the monthly trade surplus in the past four months
from the perspective of short-term export growth, the biggest influencing factor is still the European and American economies. The uncertainty of the U.S. economy is mainly reflected in the extent to which consumption growth will slow down after the effect of the government's tax rebate policy gradually disappears in the third quarter. Two factors may offset the impact of the decline in consumption growth: first, the U.S. private sector slashed inventories in the second quarter; Second, the negative contribution of the real estate market to economic growth has weakened significantly in the past two quarters. The impact of the European economic slowdown on China's exports needs further observation. On the whole, the export growth rate may fall in August
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