China April industrial ex-factory prices down 0.1 pct yr-on-yr

SHANGHAI (AFX-ASIA) - China's industrial product ex-factory prices in April dropped 0.1 pct from a year earlier, the National Bureau of Statistics said.

Production material ex-factory prices in April rose 0.4 pct from a year earlier, an annualised growth rate 0.6 percentage points slower than the rate for March.

The bureau said there was a clear reduction in the growth of ex-factory prices in extraction industries, and the annualised growth rate for these prices in April was 2.5 percentage points lower than the rate in March.

Ex-factory prices in the petroleum industry in April grew by 5.8 pct from a year earlier, or 3.9 percentage points slower than the rate in March.

Crude oil ex-factory prices dropped by 2.7 pct, while petrol ex-refinery prices rose 14.9 pct from a year earlier, or 0.6 percentage points slower than the rate in March and diesel ex-refinery prices rose 7.3 pct, or 3.0 percentage points slower than in March.

Heavy oil ex-refinery prices rose 9.9 pct, or 5 percentage points slower than in the previous month.

Ex-factory prices for products used in normal life dropped by 1.2 pct from a year earlier, while ex-factory prices for long-term consumer goods dropped 4.4 pct, and prices for garments dropped 0.5 pct.

Ex-factory prices for goods used daily in normal life dropped 1.5 pct, while food prices rose 0.7 pct, the bureau said.

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