China Industrial Profits Jump 24.7% in April as Producer Prices Post 2.8% Gain
Updated
Updated · CNBC · May 27
China Industrial Profits Jump 24.7% in April as Producer Prices Post 2.8% Gain
3 articles · Updated · CNBC · May 27
April industrial profits in China rose 24.7% from a year earlier, accelerating from March’s 15.8% increase and marking the fastest growth since November 2023.
The January-April profit gain widened to 18.2% from 15.5% in the first quarter, helped by firmer factory-gate prices as producer inflation hit 2.8% in April, the strongest since July 2022.
That profit rebound came despite softer broader activity: industrial output grew 4.1%, retail sales edged up 0.2%, and fixed-asset investment fell as the property downturn deepened.
Trade remained a bright spot, with April exports up 14.1% and imports up 25.3% in U.S. dollar terms, underscoring uneven momentum across the economy.
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