⁍ Profits at China’s industrial firms grew 19.1% year-on-year in August to 612.81 billion yuan.

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⁍ That compares with a 19.6% increase in July and is the fourth straight month of profit growth.

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⁍ For January-August, industrial firms’ profits fell 4.4% from a year earlier to 3.72 trillion yuan.

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– China’s industrial profits grew 19.1% year-on-year in August, Reuters reports. That’s the fourth straight month of profit growth and comes after a 19.6% increase in July. The country’s manufacturing sector is doing fine, however: Profits at state-owned firms dropped 4.4% year-on-year in the first eight months of the year, but were up 4.4% in August.