China Industrial Profit Growth Slows to 15.1% in June as Producer Prices Dip 0.3%
Updated
Updated · CNBC · Jul 27
China Industrial Profit Growth Slows to 15.1% in June as Producer Prices Dip 0.3%
2 articles · Updated · CNBC · Jul 27
Summary
China’s industrial profits rose 15.1% in June from a year earlier, extending a second straight monthly slowdown after May’s 21.1% gain.
A 0.3% month-on-month drop in June producer prices helped drive the deceleration, as easing energy costs and normalized tanker flows through the Strait of Hormuz pulled down oil and petrochemical prices.
First-half industrial profits still climbed 18.7%, supported by an AI-led boom in chip and equipment manufacturing, the end of prolonged factory-gate deflation and weak year-earlier comparisons.
That reflation impulse is looking less secure because domestic demand remains soft, leaving investors focused on the late-July Politburo meeting for signs of stronger easing language rather than a large stimulus package.