China November Industrial profit Year to Date (YTD) -4.7% y/y (prior -4.3%)

Industrial profit Year to Date (YTD) -4.7% y/y

• prior -4.3%

For November alone a -7.3% y/y slump

• prior -10%

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China’s industrial sector has experienced fluctuating profitability throughout 2024, influenced by various economic challenges and policy interventions, including but not limited to:

• insufficient effective demand
• declining industrial product prices (PPI deflation)

October month alone 2024:

• Industrial profits fell by 10% year-on-year, an improvement from the 27.1% drop observed in September. This hinted that recent stimulus measures may be positively impacting the industrial sector.

January-October 2024:

• Over the first ten months, industrial profits decreased by 4.3% year-on-year, slightly wider than the 3.5% drop recorded in the January-September period

This article was written by Eamonn Sheridan at www.forexlive.com.