National Bureau of Statistics: Profits of necessities industry improved significantly in March

Zhang Weihua, deputy director of the Department of Industry of the National Bureau of Statistics, said on the 27th that when interpreting the profit data of industrial enterprises, in March, the profits of the necessities industry improved significantly.

Zhang Weihua, deputy director of the Department of Industry of the National Bureau of Statistics, said on the 27th that when interpreting the profit data of industrial enterprises, in March, the profits of the necessities industry improved significantly.

In March, the profit of the farm and sideline food processing industry increased by 28.7% year-on-year, and the growth rate was 26.5 percentage points faster than that in January-February.

Food manufacturing profits fell 16.4%, the decline narrowed by 17.1 percentage points.

Driven by this, the profit of the consumer goods manufacturing industry fell by 8.7% in March, narrowing the decline by 7.8 percentage points.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/04/28/national-bureau-of-statistics-profits-of-necessities-industry-improved-significantly-in-march/.

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