In May, data from Eurostat indicated the faster pace of recovery of industrial production in the euro area than it was expected. May growth compared to the previous month was recorded at 0.9% after the April decline of 0.4%. Experts had expected an increase of 0.2%. Compared to the same period a year earlier, production dropped by 0.5%, while economists' estimates suggested a decline of 1.5%. The production of energy and capital goods also increased. At the same time, the release of intermediate goods went down. The European Union countries in May increased the volume of industrial production by 0.8%. Over the year, their figure increased by 0.4%.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
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 ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...