Investor Alert

Dow Jones Newswires Archives | Email alerts

July 26, 2021, 11:07 p.m. EDT

China industrial profit data for June indicate relatively strong, if uneven, recovery

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

or Cancel Already have a watchlist? Log In

Dow Jones Newswire

China’s industrial profit rose 20.0% from a year earlier in June, slowing from May’s 36.4% expansion as favorable low-base effects faded.

The profitability of China’s industrial companies looks relatively strong as more than 70% of those surveyed reported higher profits than what they earned before the coronavirus pandemic, said the National Bureau of Statistics.

In the first half of the year, China’s industrial profit rose 66.9% from the same period a year ago, the bureau said.

Raw-material producers and upstream heavy industry were the best performers, while the recovery of profits at consumer-goods producers accelerated, it said.

The statistics bureau noted the unbalanced recovery in China’s industrial sector, with small private enterprises staging a relatively slower profit recovery as they get squeezed by soaring commodity prices.

This Story has 0 Comments
Be the first to comment
More News In
Dow Jones Newswires

Story Conversation

Commenting FAQs »

Partner Center

World News from MarketWatch

Link to MarketWatch's Slice.