China's producer prices down 1.6% in October

 China's producer price index, which measures costs for goods at the factory gate, dropped 1.6 percent year on year in October, the National Bureau of Statistics said Saturday.

The reading expanded from the 1.2-percent decline in September, the NBS data showed.

On a monthly basis, the PPI rose 0.1 percent last month, remaining the same with that in September, according to the NBS.

In the first ten months, the PPI on average declined 0.2 percent from that in the same period last year.

Factory prices of capital goods decreased 2.6 percent year on year in October, expanding from the 2-percent decline in September.