Analysts at Nomura note that China’s industrial profit growth rose in April, consistent with the rebound in industrial production growth and PPI inflation during the month. Key Quotes “It rose 3.4 percentage points (pp) to 15.0% y-o-y ytd, closer to the 16.1% in January-February 2018, but lower than the 21.0% for full-year 2017. In year-on-year terms, it jumped to 21.9% from 3.1% in March.” “The improvement in profit growth was seen almost across the board, mainly driven by foreign enterprises, for which profit growth rose by 5.3pp to 4.4% y-o-y ytd.” “By industry, the rise in April profit growth was mainly in manufacturing, where profit growth rose 3.8pp to 12.0% y-o-y ytd.” “Despite the April rebound in profit growth, we remain cautious on the outlook for industrial profit outlook as operational revenue growth remained sluggish in April. With domestic demand weakening and PPI inflation moderating this year, and given a high base last year, we believe that the downtrend in profit growth has not changed and the rebound in April should prove to be a brief one.” 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 USD/JPY closes the gap to trade right where it left off, can’t seem to nail down 109.50 FX Street 5 years Analysts at Nomura note that China's industrial profit growth rose in April, consistent with the rebound in industrial production growth and PPI inflation during the month. Key Quotes "It rose 3.4 percentage points (pp) to 15.0% y-o-y ytd, closer to the 16.1% in January-February 2018, but lower than the 21.0% for full-year 2017. In year-on-year terms, it jumped to 21.9% from 3.1% in March." "The improvement in profit growth was seen almost across the board, mainly driven by foreign enterprises, for which profit growth rose by 5.3pp to 4.4% y-o-y ytd." "By industry, the rise in April profit growth was… 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.
