• China's industrial profits recover in May

Noticias del mercado

27 junio 2019

China's industrial profits recover in May

Bolstered by improving sales and better margins, profits for China's industrial companies rose in May, bucking a months-long downtrend, data from the National Bureau of Statistics revealed Thursday.

Industrial profits increased 1.1 percent year-on-year in May, to 565.6 billion yuan ($82.21 billion), reversing a 3.7 percent drop in April.

During January to May, industrial profits fell 2.3 percent compared to the same period last year. Profits had decreased 3.4 percent in January to April period.

The uptick in May was driven by quicker sales and slower increases in corporate costs, Zhu Hong of the statistics bureau said in a statement accompanying the data, adding that better margins in equipment manufacturing and the coal sector attributed to the bulk of the increase.

At the same time, liabilities of industrial firms with annual revenue more than CNY 20 million, increased 5.3 percent at the end of May.

Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: