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2026-08-09

Saudi Energy Ministry said a fire at an Aramco facility in Jazan, Saudi Arabia, has been extinguished.

Saudi Energy Ministry said a fire at an Aramco facility in Jazan, Saudi Arabia, has been extinguished.
2026-08-09

Saudi Ministry of Energy: The fire at Saudi Aramco's facility in Jazan, Saudi Arabia, has been extinguished.

Saudi Ministry of Energy: The fire at Saudi Aramco's facility in Jazan, Saudi Arabia, has been extinguished.
2026-08-09

NBS urban statistics chief Dong Lijuan said July PPI rose 3.5% YoY, the YoY gain narrowing 0.6 ppts from June. By industry, major upward contributors included oil and gas extraction (+3.2%), petroleum/coal and other fuel processing (+8.2%), chemical

NBS urban statistics chief Dong Lijuan said July PPI rose 3.5% YoY, the YoY gain narrowing 0.6 ppts from June. By industry, major upward contributors included oil and gas extraction (+3.2%), petroleum/coal and other fuel processing (+8.2%), chemical raw materials and chemical products manufacturing (+9.1%), non-ferrous metal ore mining and dressing (+22.6%), non-ferrous metal smelting and rolling (+20.2%) and ferrous metal smelting and rolling (+2.7%) — these six industries together added ~2.55 ppts to PPI YoY. Coal mining and washing (+27.1%), electrical machinery and equipment manufacturing (+5.7%) and computer, communications and other electronic equipment manufacturing (+4.4%) together added ~1.53 ppts. The combined upward pull from these nine industries fell by 0.56 ppts versus June. The largest downward drags were electricity and heat production and supply, automobile manufacturing, non-metallic mineral products, pharmaceutical manufacturing and beverages/refined tea (declines 2.3%–5.7%), which together subtracted ~0.76 ppts from PPI YoY, a 0.05 ppt smaller drag than in June.
2026-08-09

China's producer price index fell 0.7% MoM in July, a 0.4 percentage-point larger decline than June, NBS urban statistics chief Dong Lijuan said. Input-driven falls were the main drag: oil extraction -11.8%, refined petroleum products manufacturing -

China's producer price index fell 0.7% MoM in July, a 0.4 percentage-point larger decline than June, NBS urban statistics chief Dong Lijuan said. Input-driven falls were the main drag: oil extraction -11.8%, refined petroleum products manufacturing -8.4%, organic chemical raw materials manufacturing -4.2%; non-ferrous ore mining -2.1% and non-ferrous metal smelting & rolling -1.7%; those five sectors reduced MoM PPI by about 0.65ppt. Seasonal/weather effects also weighed: construction slowdowns cut prices in ferrous metal smelting & rolling (-0.8%) and non-metallic mineral products (-0.5%); higher hydropower and wind output pushed hydropower -10.3% and wind power -3.9%; those four sectors lowered MoM PPI by roughly 0.11ppt. Offsetting price gains were seen in new-economy and quality-consumption sectors: smart UAV manufacturing +2.5%, new carbon materials +0.4%, shipbuilding & related equipment manufacturing +0.3%; smart home devices +3.4% and skincare cosmetics manufacturing +0.7%.
2026-08-09

National Bureau of Statistics urban division chief statistician Dong Lijuan said China’s CPI rose 0.5% YoY in July, a 0.5ppt slowdown from June. The moderation was mainly driven by weaker gasoline inflation: gasoline prices rose 1.0% YoY, with the ra

National Bureau of Statistics urban division chief statistician Dong Lijuan said China’s CPI rose 0.5% YoY in July, a 0.5ppt slowdown from June. The moderation was mainly driven by weaker gasoline inflation: gasoline prices rose 1.0% YoY, with the rate down 16.0ppt month-on-month, cutting CPI’s upward pull by about 0.45ppt and bringing energy price growth to 0.6%. Excluding energy, industrial consumer goods rose 1.5% YoY, down 0.2ppt and contributing roughly 0.37ppt to CPI. Gold jewelry prices increased 24.6%; personal-care goods +1.7%; household household appliances +0.2%; these decelerations together added about 0.13ppt. Computers, tablets and mobile phones rose 17.4%, 17.2% and 8.5% YoY, respectively.
2026-08-09

NBS urban statistics chief statistician Dong Lijuan said July national CPI fell 0.1% MoM, a narrowing of 0.2 percentage points from June. International price swings drove domestic gasoline down 10.7% MoM — a 5.8ppt larger decline than in June — subtr

NBS urban statistics chief statistician Dong Lijuan said July national CPI fell 0.1% MoM, a narrowing of 0.2 percentage points from June. International price swings drove domestic gasoline down 10.7% MoM — a 5.8ppt larger decline than in June — subtracting about 0.35ppt from July MoM CPI. AI-led product upgrades raised consumer electronics prices: tablets +11.3%, computers +5.5%, mobile phones +1.0%, together adding roughly 0.03ppt to MoM CPI. Summer travel demand lifted service prices — travel agencies +7.2%, hotels +6.5%, airfares +4.2%, vehicle rental +3.6% — contributing about 0.10ppt to MoM CPI.
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