Home Forex Trading Weekend data – China industrial profits fell 5.3% y/y in September – ForexLive

Weekend data – China industrial profits fell 5.3% y/y in September – ForexLive

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Down for a second consecutive month after August came in at -2% y/y

  • A weaker external sector with trade tensions and slower domestic demand combining to pressure Chinese business.
  • National Bureau of Statistics (NBS) cite a decline in the ex-factory price of industrial products and slowdown in sales growth.

Authorities are providing stimulus and this figure will argue for more. Maybe signing of the phase 1 trade deal with the US will help?

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