April data shows industrial profits accelerating sharply despite broader economic slowdown and real estate pressures.
China’s industrial profits rose 24.7% year-over-year in April, the strongest gain since November 2023. The jump outpaced March’s 15.8% increase, driven by stronger exports and producer price inflation.
For the January-April period, profits climbed 18.2%, up from 15.5% in the first quarter. However, industrial output grew just 4.1% in April, while retail sales edged up 0.2%, signaling uneven economic momentum.
Exports rose 14.1% in April, while imports surged 25.3%. The producer price index increased 2.8%, the highest since July 2022, suggesting rising input costs.