China June industrial profits 3.6 yy vs 0.7 yy in May
June profit growth quickens despite slowing economy
H1 industrial profits 3.5 yy vs 3.4 in JanMay

BEIJING, Reuters China39;s industrial profits grew at a faster clip in June, official data showed on Saturday, even as businesses were grappling with a downshift in consumers39; sentiment amid a shaky economic recovery.

A 3.6 yearonyear rise in profits last month followed a 0.7 gain in May, while firsthalf earnings were up 3.5, accelerating from a 3.4 increase in the JanuaryMay period, National Bureau of Statistics NBS data showed.

Relatively rapid industrial production growth, coupled with a significantly easing in factorygate price declines since the second quarter, have promoted a stable recovery of corporate revenue, NBS statistician Wei Ning said in a separate statement.

Meanwhile, we should also see that insufficient domestic effective demand has constrained the continuous improvement of corporate performance, and the severe and complex international environment has increased the operating pressure of enterprises.

The robust data contrasted with a slowing economy, which missed forecasts in the second quarter as the consumer sector was downbeat amid job market woes and a protracted housing downturn.

Roughly half of more than 10 mainlandlisted alcoholic beverage firms that had released forecasts for H1 earnings expected a lossmaking first half.

Yet in spite of rising trade tensions with the West, optical…