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China economic data indicate V-shaped recovery is unlikely

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Factory-gate prices post steepest decline in four years in April as coronavirus pandemic shrinks demand globally BEIJING : China’s factory-gate prices contracted in April, falling by the steepest margin in four years, as manufacturers struggled with deflationary pressures from the coronavirus pandemic, which has crimped demand both at home and abroad.

The producer-price index dropped by 3.1% from a year earlier in April, compared with a 1.5% fall recorded in March, the National Bureau of Statistics said Tuesday.

Prices for crude oil and other commodities collapsed, contributing to the decline in wholesale prices. Economists polled by The Wall Street Journal had expected the industrial-price gauge to drop by 2.5% year-over-year. “There will

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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