September consensus forecast: September PPI forecast to grow 4.2% year-on-year

by Kou Xiang October 15, "The crystal ball China macroeconomic September consensus forecast" published by the "Securities Market weekly" by Sina Finance Exclusive network shows that September PPI growth forecast average is 4.2%. A consistent forecast survey showed that the September PPI growth was expected to be a maximum of 5.5%, with a minimum value of 3.6% and a median of 4.1%. PPI rose 4.3% per cent year-on-year in August, with September PPI expected to fall slightly from August.　　If the actual value is the expected value, this will be the PPI in June 2010 after the 4th consecutive month fell.　　Wutu King, a macro analyst at Great Wall Securities, told reporters in a telephone interview that the September PPI continued to decline. Wutu King said: "According to the recently released September PMI indicators, the September industrial boom performance is relatively smooth, although the PMI appears to be a certain upward, but the trend in view of the excessive rise in trend, in particular, this shows that the demand for industrial products has not exploded, in addition, The high initial cardinality is also an important factor in the continued downward trend of PPI in September and beyond. As a result, future PPI data will continue to decline, but the rate of decline will gradually slow down.　　"China International Economic Exchange Center, Deputy Minister of information, Xu Hongcai in a telephone interview, said September PPI still in the downward channel, but the rate of decline will slow down." "In September, PPI will remain in a downward channel, but as external commodity prices keep rising, non-ferrous metals such as gold have risen to a certain extent and the PPI decline is slowing." "Xu Hongcai said:" The expected rise in rental prices and other factors affecting the September CPI data will remain high, but upstream raw material prices slowed the trend of PPI decline. "The agencies involved in this investigation include BofA Merrill Lynch, French Paris Securities, Standard Chartered Bank, Citibank, HSBC, Bank of China (601988.SH/03988.HK), ICBC (601398.SH/01398.HK), CICC, Wanguo, investment securities ( 600999.SH).