May PPI rose +3.9% year on year, fastest since July 2022, against CPI at +1.2%; the factory-gate spread is 2.7 points and the cheap-goods disinflation era looks to be ending. Trade surplus: $105.43bn against the $92.1bn forecast.
China's May trade surplus beat forecasts at $105.43 billion as exports accelerated 19.4 percent year on year in high-tech and auto sectors. Source
