China Industrial Profits Rise 15.8 Percent in March
China industrial profits grew 15.8 percent in March as producer prices emerged from deflation. Rising costs and Middle East risks continue to pressure margins.
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Profits at industrial firms in China expanded at their fastest rate in six months during March, providing a sign of resilience within an otherwise uneven economic recovery. Data released by the National Bureau of Statistics on Monday indicated that industrial profits rose 15.8% year-on-year in March, a slight acceleration from the 15.2% growth recorded during the January-February period. For the full first quarter, profits grew by 15.5% as the broader economy expanded by 5%.
