November 27, 2018 / 1:43 AM / 20 days ago

China's October industrial profits up 3.6 pct y/y

BEIJING, Nov 27 (Reuters) - Profits at China’s industrial firms rose 3.6 percent in October from a year earlier, the National Bureau of Statistics said on Tuesday, versus a 4.1 percent gain in September.

October was the sixth straight month in which industrial profits grew by a slower pace than in the previous month.

Industrial profits increased 13.6 percent in the first 10 months of 2018 from the same period a year earlier, down from a 14.7 percent increase for January-September.

Total profits in October totalled 548 billion yuan ($78.86 billion), according to the statistics bureau.

China’s industrial firms’ liabilities as of the end of October increased 5.9 percent from a year earlier to 63.7 trillion yuan, compared with a 6.1 percent rise during the year’s first nine months. ($1 = 6.9489 Chinese yuan) (Reporting by Beijing Monitoring Desk; Editing by Richard Borsuk)

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