ZCZC
BCN-12
CHINA-INDUSTRIAL-PROFIT
China’s industrial profit surges 13.9 pct in March
BEIJING, April 27, 2019 (BSS/Xinhua) – The profits of China’s major
industrial firms surged by 13.9 percent in March, a drastic rebound compared
to the 14-percent decline in January-February period, official data from the
National Bureau of Statistics (NBS) showed Saturday.
Production and sales of these firms picked up in March, with the
aggregated industrial value added expanding by 8.5 percent year-on-year, 3.2
percentage points higher than that in the January-February period.
Operation revenue jumped by 13.7 percent year-on-year in March, 10.4
percentage points more than that in the January-February period.
Stabilizing prices served as another driver of the rebound, according to
an NBS analysis. The produer prices rose 0.4 percent year-on-year in March,
ending a decline for eight months in a row.
The purchasing prices for raw materials edged up 0.2 percent from a year
ago, 0.1 percentage points higher than that in the January-February period.
Preliminary estimates showed that the price changes added 26.8 billion
yuan to industrial profits in March, and the contribution of price changes to
industrial profit growth rose by 4.5 percentage points from that in the
January-February period, said senior statistician Zhu Hong from the NBS’s
Industrial Bureau.
BSS/XINHUA/HR/1050