FXStreet (Guatemala) – Analysts at UOB Group explained that inflationary pressure in China is expected to remain subdued.
Key Quotes:
“With CPI at 1.2%y/y from 1.5% in Apr, vs. average of 1.2% in 1Q15. While producer prices remain in y/y declines for the 39th consecutive month since Mar 2012, at -4.6%y/y vs. -4.6% in Apr.”
“The downward pressures on goods prices echo the tepid performance for manufacturing sector, which has seen the monthly industrial growth staying well below the long run average of 13%y/y (Jan 1995 – Dec 2013) for the second consecutive year.”
(Market News Provided by FXstreet)