Profit growth accelerated in the second quarter on faster production, narrowing factory deflation and lower costs, according to the NBS, but the sustainability of the rebound is “uncertain,” as Covid-19 continues to spread and international trade remains a challenge.Profits at state owned enterprises fell 28.5% in the Jan.-June period, worse than the 8.4% drop at privately-owned businesses, the NBS said in Beijing Monday. Historical, current and forecast prices, together with commentaries, to help you track price fluctuation and understand price drivers and trends.
Our 24/7 news coverage keeps you fully informed of key events in your marketplace as they happen – including market moves, analytics, data and more. Asia stocks mostly higher as China's June industrial profit soars; gold surges to record Published Sun, Jul 26 2020 7:37 PM EDT Updated Mon, Jul 27 2020 3:22 AM EDT Eustance Huang @EustanceHuang Profits at China’s industrial companies continued to improve in June, with returns at industrial firms growing for the second month in a row.Profits rose 11.5% in June from a year ago, the fastest increase since late 2018, according to the National Bureau of Statistics. Sign up for our ICIS newsletters to receive the latest market developments, headline news and insights into Chemical price changes and the impact on markets. It provides data on import and export volumes, plant capacities, production, consumption and chemical trade flows. In contrast, mining and quarrying production fell heavily at the tail-end of Q2. Monday.
Oil production and related sectors dragged on profit growth in the first half, while computer and telecommunications saw the fastest pace of expansion among all sectors. Factories’ production activities and sales both In June 2020, the added value of industrial production in China grew by 4.8 percent compared to the same period in the previous year.
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of Statistics (NBS). were down by an average of 12.8% year on year. products and lower costs also helped in June. gas exploration, oil processing and non-ferrous We use cookies to improve the performance of our site, to analyse the traffic to our site, and to personalise your experience of the site.
The data indicates that recovery in the world’s SINGAPORE (ICIS)--China’s industrial profits Profits of China's major industrial enterprises rose by 11.5 percent year-on-year in June, up from 6 percent in May, the National Bureau of Statistics said on Monday. measures. and profits, according to the National Bureau Retail sales fell 1.8 per cent on-year, much worse than a predicted 0.3 per cent growth, after a 2.8 per cent drop in May.
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china industrial production june 2020