The hottest evidence of the economic recovery is t

Confirm the economic recovery, the profits of industrial enterprises have rebounded significantly

as an indicator of macroeconomic lag, the profits of industrial enterprises have rebounded both year-on-year cumulative growth rate and single month growth rate, especially in August, the year-on-year growth rate has significantly increased by 12.6 percentage points compared with July, which further confirms that efforts to explore the effective mechanism of industry university research and application collaborative innovation in the field of basic research have led to the recovery of domestic demand and a steady rise in the economy

data released by the National Bureau of statistics on the 27th showed that industrial enterprises above Designated Size achieved a total profit of 3486.39 billion yuan in June, an increase of 12.8% over the same period last year, and the growth rate increased by 1.7 percentage points over the same period last year. Among them, the profit from main activities was 3580.06 billion yuan, an increase of 4.9%

from the data of a single month, in August, industrial enterprises with a thickness of 3mm and 6mm and above achieved a total profit of 483.17 billion yuan, an increase of 24.2% over the same period last year, and the growth rate was 12.6 percentage points higher than that in July, of which the profit from main activities was 445.39 billion yuan, an increase of 4%, and the growth rate was 2.2 percentage points higher than that in July

Dr. He Ping, Industry Department of the National Bureau of statistics, explained that there are three main reasons why the profit growth rate in August was faster than that in July: first, the base was low in the same period last year; Second, industrial production and sales growth accelerated; Third, the unit costs and expenses of industrial production have been reduced

the profit of industrial enterprises is a lagging indicator of the economy. The stabilization and recovery of growth rate in August further confirms that the economic recovery has been obvious

in fact, with the introduction of a series of measures to stabilize growth in the second half of the year, the signs of economic stabilization and recovery are becoming more and more obvious. Since the third quarter, investment, export, consumption and other data have remained stable, while economic hard indicators such as industrial production growth and industrial power consumption have also continued to rebound. Economic leading indicators HSBC PMI and China Mining PMI have both rebounded. The initial value of HSBC PMI in September, which was announced earlier, has rebounded significantly to 51.2. These data show that the economy is still in the midst of a continued recovery. Analysts pointed out that with the recovery of domestic demand, the ex factory price of industrial products is expected to get rid of the negative growth month on month, which is conducive to the further mild repair of the profit growth of Industrial Enterprises above Designated Size in the short term

it is worth noting that the improvement of profit growth of industrial enterprises mainly comes from middle and lower reaches enterprises, such as ferrous metal smelting and rolling processing industry, non-metallic mineral products industry, oil processing, coking and nuclear fuel processing industry, automobile manufacturing industry, computer communication and other electronic equipment manufacturing industry, electrical machinery and equipment manufacturing industry The universal testing machine for petroleum processing and refining electronics adopts the latest technological achievements in the field of electronic technology, including coke and nuclear fuel processing industries. These seven industries contributed more than 60% to the total profit growth of Industrial Enterprises above designated size