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13 matches for " industrial profits":
China's industrial profits data for December showed continued weakness in the sector, with no clear signs that a turnaround is in the offing.
The latest profits data out of China were grim, as we had expected.
Chinese industrial profits growth officially edged down to 25.1% year-over-year in October, from 27.7% in September. This is still very rapid but we think the official data are overstating the true rate of growth.
Chinese industrial profits continue to surge, rising 27.7% year-over-year in September, up from 24.0% in August.
China's industrial profits tanked in January/ February, falling 14.0% year-to-date year-over-year, after a 1.9% drop year-over-year in December.
China's official manufacturing PMI implies a modest gain in momentum in Q2, at 51.4, compared with 51.0 on average in Q1.
Yesterday's price data for China showed continued declines in both CPI and PPI inflation.
Japan's CPI inflation jumped to 1.0% in December from 0.6% in November, driven by food prices.
Tokyo inflation surprised us on Friday, rising to 0.9% in July, from 0.6% in June.
China's September PMIs, most of which were released over the weekend, mark out a clear downtrend in activity since late last year.
Chinese headline industrial profits data show that growth slowed to just 4.1% year-over-year in September, from 9.2% in August.
Industrial profits growth is closely watched by the Chinese authorities, even more so now that deleveraging is a prime policy aim.
Chinese industrial profits growth rose to 16.7% year-on-year in May, from 14.0% in April. But this headline is highly misleading. Profits growth data are about as cyclical as they come so taking one point in the year and looking back 12 months is very arbitrary. Moreover, the data are very volatile over short periods.
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