the slowdown in the factory of the world is deepening. and boeing awaits an inquest into the deaths of three british passengers who died in a 737 max crash. we start in china where the latest inflation figures have shown an alarming drop in factory gate prices that s the price of goods as they leave chinese factories. they ve fallen at the fastest pace in more than seven and a half years. it s the ninth month in a row that the producer price index has fallen, down 5.4% from a year earlier, marking the steepest decline since december 2015, as the difficult post covid recovery continues to weigh on demand. so that s changed the picture on the factory floor when it comes to what consumers are facing when buying goods and services, the consumer price index was unchanged year on year, compared with a slight gain in may, the slowest pace since february 2021. the us treasury secretary janet yellen has just left beijing following a four day visit in an attempt to bridge us china tr
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think the export is helpful, we are already seeing that with the recovery in the supply chain issues, we saw that in the developed economies like the us, uk, europe area, prices have been slowing down actually. producer prices as well. but the problem with the western world is prices generated by the strong labour market, generated by strong labour market, generated by strong wage growth figures, so the inflation story is helpful on the good side. while economists are worried about global recession and a slowing china economy, slower competence and weak business investment is just not helpful in the whole narrative. in march 2019, an aircraft with 157 people on board crashed minutes
would be harmful to our overall economic relationship with one another. and we have had very little contact, both senior officials and also adjust the american people and the chinese people who have had very little contact with one another over the last several years, in part because of covid and that s a situation where misunderstandings can develop. janet mui is head of market analysis at rbc brewin dolphin. let s talk about the economic data in a moment, but first focus on the yellen visit. what signals does it send about direction of us china trading relationship? good afternoon. there has been no major breakthrough but i think it is a good communicative tour. janet
the slowdown in the factory of the world is deepening. and boeing awaits an inquest into the deaths of three british passengers who died in a 737 max crash. we start in china where the latest inflation figures have shown an alarming drop in factory gate prices that s the price of goods as they leave chinese factories. they ve fallen at the fastest pace in more than seven and a half years. it s the ninth month in a row that the producer price index has fallen, down 5.4% from a year