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For the period from June to August 2018, the UK economy increased by 0.7% compared to the previous three months, data from the ONS showed. UK GDP in August increased by 1.5% in annual terms, slowing growth rates compared with a rise of 1.7% in July. ONS statistician Rob Kent-Smith noted the strongest growth in retail, food and beverage production. In the services sector, zero growth was recorded in August, while the figure in the construction sector fell by 0.7%. Industrial production increased by 0.2%. At the same time, output in the manufacturing industry decreased by 0.2%.
The outlook for India’s struggling economy has darkened further on weak business activities and surging virus cases. This will likely prompt the Reserve Bank of India to lower interest rates again, a Reuters survey showed. According ...
Intel Corp. (INTC.O) announced on Monday that Chief Engineering Officer Murthy Renduchintala would leave the company on August 3. The semiconductor manufacturing company said that it would reorganize its technology, systems architecture, and ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
Australian retail sales advanced 2.4% in June. This came as an upbeat figure following a 16.5% increase seen in May as the land down under resumed its economic operations from coronavirus-related lockdowns. The country’s retail sales ...
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