China economy Markets

China’s Industrial Profits Stage Sharp Rebound After Worst Plunge On Record

This should allay some fears - and we emphasize "some".

This should allay some fears - and we emphasize "some".
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3 comments on “China’s Industrial Profits Stage Sharp Rebound After Worst Plunge On Record

  1. That’s MOM; YOY is still down 2.1% against a comp that was itself negative vs. the 2017 peak.

    • No, it’s YoY.

      That 2.1% you cited is Jan.-Nov. (i.e., YTD cumulative) YoY.

      Check your numbers.

      Here’s BBG:

      China’s Nov. Industrial Companies’ Profit Rises 5.4% Y/y

      Nov. profit 593.9b yuan, National Bureau of Statistics says on website.
      Jan.-Nov. profits -2.1% y/y to 5.61t yuan

      • in other words, you’re confusing a monthly YoY number with a MoM number. those two things are not the same. MoM is sequential.

        the YTD cumulative figure is the same way they also breakout things like fixed asset investment on a cumulative, YTD, YoY print

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