China industrial profit growth slows again in June as retreating oil prices sap earnings lift
For the first half of this year, profits climbed 18.7%, slowing from the 18.8% pace recorded in the January-May period. Industrial corporate earnings have staged a notable turnaround this year, swinging from barely positive growth in 2025 to double-digit gains, as an artificial intelligence-fueled boom in chip and equipment manufacturing coincided with the end of nearly three years of factory-gate deflation. The recovering profit has also been helped by a favorable comparison with last year.
- ▪For the first half of this year, profits climbed 18.7%, slowing from the 18.8% pace recorded in the January-May period.
- ▪Industrial corporate earnings have staged a notable turnaround this year, swinging from barely positive growth in 2025 to double-digit gains, as an artificial intelligence-fueled boom in chip and equipment manufacturing coincided with the e
- ▪The recovering profit has also been helped by a favorable comparison with last year.
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China's industrial profits rose 15.1% in June from a year earlier, according to data released Monday by the National Bureau of Statistics, slowing for a second straight month as easing energy prices took the edge off the price gains that had driven this year's rebound.The June figure extended a two-month deceleration, after May's 21.1% gain marked the first slowdown since November. For the first half of this year, profits climbed 18.7%, slowing from the 18.8% pace recorded in the January-May period. Industrial corporate earnings have staged a notable turnaround this year, swinging from barely positive growth in 2025 to double-digit gains, as an artificial intelligence-fueled boom in chip and equipment manufacturing coincided with the end of nearly three years of factory-gate deflation.
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