China Manufacturing Profit In ‘Deep Contraction’ [Forbes]
Shake Shack, Inc. Class A (SHAK)
Last shake shack, inc. class a earnings: 2/24 04:05 pm
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Source: Forbes
An employee produces toilet paper for exporting on the production line of a paper company on April... [+]24, 2020 in Chishui, Guizhou Province of China. (Photo by Qu Honglun/China News Service via Getty Images)China’s recovery is still largely dependent on its core partners — namely the U.S. and Europe — and those two are eyeballs deep in COVID-19, a viral disease that first came from Wuhan.Looking in the rearview, manufacturing data in March shows a deep contraction in China as those two economic powers went into Wuhan-style lockdown mode.Profits at the big manufacturers in China are in decline.China’s industrial profit growth remained weak at 34.9% lower year-over-year in March, despite a moderate rise from -38.3% in January-February. The first quarter average profit growth fell by 36.7%, well below the 3.3% drop that already happened in 2019 due to the trade war.Profit growth of China state-owned manufacturers fell 45.5% year-over-year in the first three months of 2020 after fallin
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News
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SHAK
Earnings
- 10/30/24 - Beat
SHAK
Sec Filings
- 11/8/24 - Form 4
- 11/8/24 - Form 4
- 11/7/24 - Form 4
- SHAK's page on the SEC website