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In December 2018, industrial production in the United States grew by 0.3%, according to a report by the Federal Reserve System (FRS). Experts had expected growth of 0.2%. Industrial production indicators have improved in the process industry. The figure rose by 1.1%, although experts assumed that growth would be only 0.3%. Production in the automotive industry grew by 4.7%. The production of computers and components grew by 1.3%. Production of building materials increased by 1.6%. The output in the defense and aerospace industries increased by 2.3%. At the same time, the volume of industrial production in the light industry increased: the output of food and tobacco products increased by 0.9%, clothing - by 0.4%. The reduction in production was noted in the areas of production of industrial equipment and oil and gas production. Production capacity in December was used at 78.7% versus 78.6% in November.
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 ...
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 ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
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 ...
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