Business Standard

China's industrial profits suffer first y-o-y fall in 3 years: Report

In the first eleven months of 2018, industrial profits rose 11.8 per cent year-on-year, slower than a 13.6 per cent rise in the first ten months

china, flag
Premium

Photo: Shutterstock

Reuters Beijing
Profits at China’s industrial firms fell 1.8 per cent to 594.8 billion yuan ($86.36 billion) in November from a year earlier, the first contraction since December 2015, and compared with a 3.6 per cent gain in October, the National Bureau of Statistics said on Thursday. 

In the first eleven months of 2018, industrial profits rose 11.8 per cent year-on-year, slower than a 13.6 per cent rise in the first ten months.

China’s industrial firms’ liabilities increased 5.8 per cent from a year earlier as of end-November, down from a 5.9 per cent rise from the end of October.

China’s economy has been facing

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 28 2018 | 2:10 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com