China's factory gate prices fell deep into deflation in May and consumer price growth slowed for the fourth straight month, reflecting weak demand despite government measures to boost spending and exports after coronavirus pandemic hit the economy.
Producer prices fell by more-than-expected 3.7 percent on a yearly basis after declining 3.1 percent in April, data published by the National Bureau of Statistics revealed on Wednesday.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.