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Chinese factories sustained their upbeat performance for another month in May. This followed as the country shook off the economic disruptions brought by the novel coronavirus crisis. However, figures indicated that recuperation would not come easy.
Data released on Monday revealed consistent fluctuations in retail sales and investment. This underscored that many sectors were still suffering from the effects of quarantine restrictions across the world’s second-biggest economy.
Industrial output growth soared to 4.4% in May from a year earlier. This came to be the most upbeat figure since December, official data released on Monday. Analysts speculated a 5.0% increase from 3.9% in April.
Retail sales dropped for four consecutive months. Though the 2.8% contraction came milder than the 7.5% slump in April, it still surpassed the 2.0% prediction rendered by analysts. Unemployment surge and fears of a second wave of infections have retained consumers’ dim sentiment.
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
The U.S. Federal Reserve eased another $2 million in emergency loans this week to help struggling U.S. businesses amid the recession. The Fed’s overall asset portfolio reported growth for the second week, holding above $7 trillion. The ...
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 ...
KYC Policy