China’s PPI fell -0.1% MoM and -2.2% YoY in February, slightly higher than -2.3% YoY in January.

• Production and mining PPI both fell, down -0.2% MoM and -1.3% Mom respectively.
• The largest monthly declines came from the agricultural industry (-0.7% MoM) and building materials (0.5% MoM)