Ferrosilicon Daily Express 6.1

  • Monday, June 1, 2020
  • Source:ferro-alloys.com

  • Keywords:ferrosilicon, futures, spot
[Fellow]Profits at industrial firms declined at a slower pace in April as production and sales rebounded amid the nationwide restoration of economic activities, the National Bureau of Statistics said on Wednesday.
[Ferro-Alloys.comProfits at industrial firms declined at a slower pace in April as production and sales rebounded amid the nationwide restoration of economic activities, the National Bureau of Statistics said on Wednesday.

Analysts said the nation's newly-announced policy package to bail out businesses will help sustain the revival in industrial profits, with sectors related to the economic upgrade set to outperform.

The fall in profits of major industrial firms in China narrowed for the second consecutive month and stood at 4.3 percent on a yearly basis in April, substantially recovering from the 34.9 percent plunge a month earlier.

Total industrial profits in the first four months of the year stood at 1.26 trillion yuan ($176 billion), down more than a quarter from a year earlier, according to the NBS.

Zhu Hong, a senior NBS statistician, said production and sales accelerated last month as the nation's economic order further normalized from the COVID-19 disruption, leading to a drastic improvement in corporate earnings.

Click here for more information: Ferrosilicon Daily Express 6.1

 
  • [Editor:kangmingfei]

Tell Us What You Think

please login!   login   register
  • Buy & Sell

 
Please be logged in to comment!