China industrial profit growth slows again in June as retreating oil prices sap earnings lift
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...
Key points
- 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.
- The recovering profit has also been helped by a favorable comparison with last year.
What happened
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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. The recovering profit has also been helped by a favorable comparison with last year. Earnings fell 3.6% in June last year and declined 2.8% in the first half of 2025. Factory-gate prices also rose 3.6% year on year in the second quarter, the first positive reading since late 2022.