China's factory gate prices turn positive after months of decline

China's factory prices have stopped falling and started rising. This means that the cost of goods produced in factories is now increasing, both compared to last month and last year.

This data point suggests a potential shift in China's industrial economy. For months, falling producer prices indicated weak demand and potential deflationary pressures. A turnaround could signal recovering domestic or global demand for manufactured goods, or it could reflect rising input costs for factories. The significant jump in non-ferrous metal prices is a notable component of this shift.