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π¨ π¨π³ China industrial profits jump 14.4% in September
π¨ π¨π³ China industrial profits jump 14.4% in September
- π¨π³ China's industrial profits rose 14.4% y/y in September, up from 4.2% in August, per the National Bureau of Statistics, released at
- π¨π³ Year to date profits are up 15.5% y/y for January to September, a touch slower than 15.7% through August; mining led at 38.2% and manufacturing rose 17.0%
FO view: A sharp September pickup keeps China's double-digit profit run intact and backs firmer Asian demand, a mild support for AUD and Australian equities.
Not investment advice.