This Bloomberg article explains that the first months if the year showed a contraction of industrial profits, but profits rebounded in March bringing the first quarter to positive industry wide increase in profits. It's a surge because March profits grew to the extent that they tipped the average for the quarter. It might be confusing if you don't have the industry context .

[–] yogthos@lemmygrad.ml 5 points 18 hours ago (1 children)

Given that there's a trade war going on that aims to choke off China's exports, that's certainly a surge.

[–] 01011@monero.town 2 points 12 hours ago* (last edited 12 hours ago) (1 children)

surge n 1: a sudden forceful flow [syn: {rush}, {spate}, {surge}, {upsurge}] 2: a sudden or abrupt strong increase; "stimulated a surge of speculation"; "an upsurge of emotion"; "an upsurge in violent crime" [syn: {surge}, {upsurge}]

[–] GaryLeChat@lemmygrad.ml 3 points 11 hours ago

Nerd