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Weekend data - China Industrial profits in April down 18.2% y/y (March was -19.2% y/y)

Weekend data - China Industrial profits in April down 18.2% y/y (March was -19.2% y/y)
Data from China's National Bureau of Statistics (NBS) released over the weekend. Profits at China’s industrial firms in April -18.2% y/yprior -19.2%For the YTD. ie. January - April, down 20.6% y/yprior (January - March) -21.4%Margin pressures, soft demand & a faltering economic recovery cited. Chinese tabloid media outlet Global Times highlighted more encouraging aspects: the overall economic rebound and its internal momentum shouldn't be questioned or ignored, experts told the Global TimesCombi... Read More
Posted: May 28 2023, 23:12
Author Name: forexlive
Views: 102187

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