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BEIJING, Sept. 27 (Xinhua) -- China's major industrial firms posted stronger profit growth in the first eight months of this year as producer prices went up and production costs came down Wholesale Jerseys China , the National Bureau of Statistics (NBS) said Wednesday.


Industrial companies with annual revenue of more than 20 million yuan (about 3.02 million U.S. dollars) reported profits of 4.92 trillion yuan in the first eight months, a 21.6-percent increase from one year earlier, the NBS said in a statement.


The strong growth marks a pick-up from the 21.2 percent in the January-July period.


In August alone, profits of major industrial firms jumped 24 percent year on year, much faster than the 16.5-percent growth in July, the NBS said.


Among the 41 industries surveyed, 39 posted year-on-year profit growth during the first eight months.


NBS statistician He Ping said the strong growth was a result of price hikes in industrial products and lower production costs.


China's producer price index (PPI) Wholesale Jerseys , which measures costs of goods at the factory gate, rose 6.3 percent year on year in August, 0.8 percentage points higher than the July level.


The price rebound has added some 127.3 billion yuan to the August industrial profits, accounting for 31.2 percent of the total profit increase last month, said He.


The trend was particularly evident in sectors such as the petroleum, steel and electronics industries, the statistician said.


In August Cheap NFL Jerseys , the oil and natural gas exploitation industry's profits went up 4.94 billion yuan from a year ago, but in July, it suffered a decrease of 1.03 billion yuan in profits.