May data release agency says PPI is expected to be positive for the first time

The National Bureau of Statistics will release the May main economic data from today.　　Judging from current market expectations, the two indices will still show a "double negative" pattern, given the high base period of last year's price.　　According to a survey of 27 analysts, analysts said the May PPI forecast was 1.3%, down 0.2% from last month; May's PPI was 6.8%, up 0.2% from last month's decline. It is worth mentioning that the recent rebound in international commodity prices, in which international oil prices have risen by more than 50% this year, domestic product prices began to rise, coal and steel prices have also risen to varying degrees. "These factors are likely to affect PPI trends, and PPI is expected to end in 7 August."　　"Yesterday, the Changjiang Securities strategy researcher at COSL pointed out.　　Goldman Sachs expects the year-on-year increase in industrial growth to remain at around 7.3% per cent in May, flat against last month, with the PPI decline likely to expand from -6.6% in April to 6.9% per cent, but for the first positive growth since September 2008. JPMorgan also holds a similar view that the May PPI will be the first to rebound since the year, to 0.2%, but the year-on-year decline will continue to expand to 6.8%. JPMorgan's analysis points out that fiscal policy has increased incentives in the areas of transportation, power grids, housing and health care, and has generated demand-side support for economic growth, most notably in the automotive and real estate sectors. Reporter Liuyang