China Industrial Profit Growth Slows to 15.1% in June for Second Month
China industrial profits rose 15.1% in June from a year earlier, a slower pace that marks the second consecutive month of deceleration, the National Bureau of Statistics said. Year-to-date earnings advanced 18.7%, down slightly from the previous 18.8% reading.
Falling oil prices curtailed the earnings boost, adding to signs of an uneven recovery for industrial companies across the economy. The month-by-month slowdown highlights persistent margin pressures as commodity price declines limit further profit acceleration.
From the sources (5 posts)
@businessChina’s industry saw profit gains slow for a second month, adding to evidence of an uneven recovery for companies across parts of the world’s second-biggest economy
@financialjuiceChina June industrial earnings rise 15.1% year on year: stats bureau
@financialjuiceChina jan-june industrial profits rise 18.7% yr/yr: stats bureau
@firstsquawkChina Industrial Profits YTD (Y/Y): 18.7% (prev 18.8)
@cnbcChina industrial profit growth slows again in June as retreating oil prices sap earnings lift