Prices of PV Equipment and Components Decline by 13.0% YoY in February - NBS Data

National Bureau of Statistics (NBS): Prices of PV Equipment and Components Fell by 13.0% YoY in February

According to the website of the National Bureau of Statistics (NBS), Dong Lijuan, Chief Statistician of the Urban Department, interpreted the CPI and PPI data for February 2025. In the equipment manufacturing sector, prices of PV equipment and components fell by 13.0% YoY, prices of electronic semiconductor materials decreased by 9.7% YoY, and prices of automobile manufacturing dropped by 4.6% YoY, with the declines narrowing compared to the previous month. Post-holiday resumption of work and production accelerated, and electricity demand recovered rapidly. Prices in the power and heat production and supply industry fell by 0.8% YoY, with the decline narrowing by 0.7 percentage points compared to the previous month.