China’s industrial profits climb

Thursday 28 March 2013

China has released its industrial profits for February and a solid rebound is in evidence with a jump to 17.2% from 5.3% in January:

The internals show big jumps in service sectors, though the data is sketchy:

Another data point favouring a decent recovery.

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.