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The Bank of France surveyed the leaders of the French business, the survey showed that the French economy would grow by 0.5% in the third quarter. The previous forecast suggested an increase of 0.4%. The business activity index in manufacturing in France reached 105 points in September, having increased from 103 points in August. The survey showed significant growth in all areas of industrial production, except for the automotive and metallurgical industries. The leaders of French companies expect further growth in business activity in the industry. The index of activity in the services sector rose to 103 points from 102 points. In October, the growth rate is expected to accelerate. The index of business sentiment in construction increased to 105 points from 104 points.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
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, ...
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 ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
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