Major Macro Economic Statistics in July

China's CPI up 6.5% in July

China's Consumer Price Index (CPI), a main gauge of inflation, accelerated to 6.5 percent in July, the National Bureau of Statistics (NBS) said on Tuesday.

China's inflation accelerated to a 37-month high in July on surging food costs, putting the government in a tough position with worsening global liquidity in sight.

The stubbornly high inflation rate has been driven by increasing food costs, which rose by 14.8 percent in July from a year ago. The price of pork, a staple food in China, soared by nearly 57 percent in July.

On a month-on-month basis, the CPI increased 0.5 percent over that of June.

China's PPI jumps 7.5% in July

China's Producer Price Index (PPI), a major measure of inflation at wholesale level, rose 7.5 percent in July year-on-year, the National Bureau of Statistics said Tuesday.

July's PPI growth was even greater than June's 7.1 percent increase, the NBS said in a statement on its website.

Producer purchase prices rose by 11 percent year-on-year in July, but rose by just 0.1 percent on month-on-month basis, according to the NBS.

Prices of production materials in July rose 8.4 percent year-on-year, but remained flat on a month-on-month basis.

July slowdown, but economy is still on track

China's major economic indicators slowed in July, but signaled the country's growth engine remains on track, analysts said.

The year-on-year growth in industrial output decelerated slightly to 14 percent in July, 1.1 percentage points lower than in June, the National Bureau of Statistics announced on Tuesday.

However, that figure is still higher than the historic low of 13.3 percent registered in May. Industrial production grew 14.3 percent from January to July, maintaining the pace set in the first half of the year.

Urban fixed asset investment increases by 25.4%

Fixed asset investment, a primary driver of economic growth, soared by 25.4 percent year-on-year during the first seven months of the year to 15.24 trillion yuan ($2.36 trillion).

That was slightly lower than the reading of 25.6 percent recorded in June.

Retail sales rises 17.2% in July

Retail sales followed a similar pattern, rising a solid 17.2 percent year-on-year, but still lower than June's gain of 17.7 percent, according to the National Bureau of Statistics.

PMI falls a fourth consecutive month 

China's official purchasing managers' index (PMI), a key gauge of manufacturing activity, fell for a fourth straight month to a 29-month low of 50.7 in July, while releasing positive signs for economic growth.

According to data released by the China Federation of Logistics and Purchasing (CFLP) on Monday, the official PMI dropped by 0.2 point from June's 50.9.

In May, it had fallen by 1.1 points from 52. A PMI of 50 or greater indicates growth and less than 50 indicates contraction.

China's exports up 20.4% in July

China's exports in July rose 20.4 percent from a year ago to reach $175.128 billion, the General Administration of Customs (GAC) said on Wednesday.

China's trade surplus rose sharply to $31.48 billion in July from June's $22.27 billion.

Imports increased 22.9 percent from a year ago to $143.64 billion, up from June's 19.3 percent.

Fiscal revenue up 26.7% in July

China's Ministry of Finance said on Thursday that the country's fiscal revenues rose 26.7 percent year-on-year to 986.41 billion yuan ($154.13 billion) in July.

The central government posted revenues of 522.86 billion yuan last month, a rise of 24.5 percent year-on-year, the ministry said in a statement on its website. Local governments claimed the rest of the money.Expenditures increased by 19.6 percent from one year earlier to hit 694.99 billion yuan last month.

For the first seven months of this year, the country's national fiscal revenues jumped 30.5 percent from a year earlier to reach 6.67 trillion yuan.