China Industrial Profit Growth Slows to 21.1% as Tepid Demand Offsets Export Strength
Updated
Updated · Bloomberg · Jun 27
China Industrial Profit Growth Slows to 21.1% as Tepid Demand Offsets Export Strength
2 articles · Updated · Bloomberg · Jun 27
Summary
China’s industrial profits rose 21.1% in May from a year earlier, slowing from April’s 24.7% gain and marking the first deceleration since November.
Tepid domestic demand drove the slowdown, with weaker conditions at home offsetting support from strong exports and higher prices.
The pullback adds to signs of economic softness in China, suggesting external demand is still not enough to fully counter weakness in the domestic economy.