China's producer prices surge the most since 2008, cutting into business profits

  • 📰 CNBC
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

More pessimistic businesses expect the price increases will last until the end of the year, said Gan Jie, a Cheung Kong Graduate School of Business professor.

, particularly those affected by rising raw material prices.

He noted that their operating profit margin of 6% in the first four months of the year was 2 percentage points lower than that of large enterprises — a gap that is increasing. On the other hand, private consumer costs rose only slightly. The statistics bureau said Wednesday that the consumer price index rose 1.3% year on year in May, missing expectations for a 1.6% increase. The index has been dragged down by aChina's manufacturers also face pressure from an expected drop in overseas purchases.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in FR

France Dernières Nouvelles, France Actualités