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Mining profit drags national accounts, non-mining profit rises

Created at 2 Jun · 1:50 AM1 source
IN SHORT

Mining profit has negatively impacted national accounts, while non-mining profit has seen a significant increase. The pass-through of energy costs in future quarters will be a key factor to monitor.

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Mining profit drags national accounts, non-mining profit rises

↳ Why This Matters

This news relates to the performance of different sectors within a national economy, specifically focusing on the impact of mining and non-mining profits on overall economic accounts. The mention of energy cost pass-through suggests a broader economic theme of inflation and corporate pricing power.

Key facts

  • Mining profit has dragged on national accounts.
  • Non-mining profit has risen sharply.
  • The digestion of energy cost pass-through in coming quarters is of interest.

This news relates to the performance of different sectors within a national economy, specifically focusing on the impact of mining and non-mining profits on overall economic accounts. The mention of energy cost pass-through suggests a broader economic theme of inflation and corporate pricing power.

Frequently asked questions

Mining profit has dragged on the national accounts, indicating a negative contribution.

Non-mining profit has risen sharply, suggesting strong performance in other sectors of the economy.

The digestion of energy cost pass-through in the economy will be interesting to observe.

What Happens Next

01Observe how energy cost pass-through is digested in coming quarters.

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How It Developed

2 Jun · 1:46 AM
Mining profit has dragged on national accounts, but non-mining profit has risen sharply.
@IFM_Economist via PiQSuite

Sources

T1
On the nominal side of the national accounts releases. Mining drags but non-mining profit up sharply. Will be interesting to see how energy cost pass through is digested in coming quarters. https://t.co/oK4BwNIAVm@IFM_Economist via PiQSuite

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