China’s industrial enterprises saw earnings rise for the first time in three months after producer deflation showed signs of easing. Industrial profits climbed 5.3% in December YoY, compared with a plunge of more than 13% in November, according to data released on January 27 by the National Bureau of Statistics. For the full year, profits rose for the first time since 2021 with a gain of 0.6%. China’s industry has suffered from domestic deflation eating away at income and profits. Producer prices have declined every month for more than three years but had their smallest decrease in over a year in December.

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