BEIJING — China’s industrial profits in April surged by 24.7% from a year earlier, according to official data released Wednesday, marking the fastest growth since November 2023.
The increase accelerated from a 15.8% rise in March, according to China’s biggest financial data provider Wind Information.
For the first four months of the year, enterprise profits rose 18.2%, up from 15.5% growth in the first quarter.
China reported slower economic growth in April, with a 4.1% increase in industrial output and a 0.2% rise in retail sales from a year ago. Fixed asset investment fell for the first four months of the year as the real estate drag steepened.
Exports remained strong, climbing 14.1% in April from a year ago in U.S. dollar terms. Imports surged by 25.3%, data released earlier in May showed.
The producer price index in April jumped 2.8% from a year ago, the most since July 2022.