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Orders of industrial enterprises in the UK fell sharply in May. According to the Confederation of British Industrialists, the monthly balance of orders fell to minus 10 points from minus 5 points a month earlier. The indicator was the lowest since October 2016 and turned out to be significantly lower than economists' forecasts. Production growth slows sharply as the UK’s exit from the EU approaches. Factories have accumulated the most significant stocks of finished products since 2009. At the same time, the rate of decline in export orders in May became the most significant since July 2016. CBI economist Anna Leach noted that the situation around Brexit forced manufacturers to accumulate stocks at the fastest pace. A sharp decline in orders was added to this, she said. All of these factors explain the manufacturers' desire to “find a quick way out of the current Brexit impasse.”
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 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 ...
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 ...
Asian shares fell on Thursday as the U.S.-China tensions overshadowed hopes for more economic stimulus after Washington ordered the closure of Beijing’s consulate in Houston amid spying allegations. China called the order an “unprecedented ...
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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