China Industrial Profits for October +28.2% y/y (prior +10.1%)

Author: Eamonn Sheridan | Category: News

Industrial profits in China are being underpinned by both improving domestic consumption and external demand (let's see how next month goes for external demand given renewed shutdowns in Europe and the US) 

China's National Bureau of Statistics reporting profit surged 28.2% in October over the same month last year.

For the YTD, January to October +0.7% y/y ... back to growth for the first time in 2020. 

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