Analysts at Nomura note that China’s industrial profit growth slowed again in September, to 4.1% y-o-y from 9.2% in August, taking the year-to-date number to 14.7% from 16.2% y-o-y ytd in August – much weaker than the 22.8% for the same period last year (full-year 2017: 21.0%). Key Quotes “The slowdown was broadly based: industrial profit growth at state-owned enterprises slowed to 23.3% y-o-y ytd from 26.7% in August; at private enterprises, to 9.3% from 10.0%, and at foreign enterprises, 5.7% from 7.6%.” “Given both external and internal headwinds to economic growth, in addition to the high base last year (average industrial profit growth was 16.9% y-o-y in Q4), we expect industrial profit growth to continue to slow over the rest of the year.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Sources: BoJ eyes tweaks to bond-buying programme, but won’t rush changes – Reuters FX Street 4 years Analysts at Nomura note that China's industrial profit growth slowed again in September, to 4.1% y-o-y from 9.2% in August, taking the year-to-date number to 14.7% from 16.2% y-o-y ytd in August - much weaker than the 22.8% for the same period last year (full-year 2017: 21.0%). Key Quotes "The slowdown was broadly based: industrial profit growth at state-owned enterprises slowed to 23.3% y-o-y ytd from 26.7% in August; at private enterprises, to 9.3% from 10.0%, and at foreign enterprises, 5.7% from 7.6%." "Given both external and internal headwinds to economic growth, in addition to the high base last year… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
