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Industrial orders in the UK declined in May to the lowest level since the end of 2016. As a survey of the Confederation of British Industrialists showed, the monthly balance of industrial orders fell in May to minus 3 points from plus 4 points in April. At the same time, the indicator remains above the long-term average of minus 14 points. The British manufacturing sector, which showed significant growth in 2017, slowed this year. The head of Economic Intelligence of CBI, Anna Leach, said: “Production in the UK has lost some momentum since the beginning of the year amid a softening of both domestic and global growth”.
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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