National Bureau of Statistics chief statistician Dong Lijuan said October 2026
PPI rose 0.7% MoM, 0.5 ppt below September. Input and seasonal factors—chiefly
higher international energy prices—drove gains concentrated in energy-related
sectors: domestic oil and gas extraction +6.0% MoM, coal mining and washing
+2.7% MoM. Downstream prices rose sharply: refined oil products manufacturing
+6.8%, organic chemical raw-materials manufacturing +6.8%, coal processing +3.2%
and gas production and supply +1.5%; those six industries together added about
0.61 ppt to monthly PPI, accounting for over 80% of the increase. Orderly
capacity rationalization and rapid AI-led demand lifted prices in some
intermediate and equipment sectors: non-metallic mineral products +0.8% MoM;
auto manufacturing, after three months of declines, was flat; electrical
machinery & apparatus and computer, communication & other electronic equipment
manufacturing each rose 0.1% MoM.
