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Industrial production in France declined in March by 0.9% compared to February, when there was an increase of 0.1%, data from Insee showed. The sharp drop in the indicator was due to a decline in the manufacturing industry by 1% after February growth of 0.8%. In the first quarter, industrial output increased by 0.9%. The manufacturing industry index rose 1.1%. For the quarter, growth was shown by the majority of industries. The output of coal and petroleum products increased by 4.1%. Machines and equipment were produced 3.1% more than in the last quarter of 2018. In annual terms, industrial production in the first quarter increased by 0.5%. At the same time, the manufacturing industry recorded an annual increase of 1.3%. A sharp increase was observed in the production of transport equipment, where the figure increased by 5.4%.
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 ...
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 ...
Oil prices fell on Thursday after OPEC+ agreed to lessen output cuts from August, though the decline was dampened by a recovery in demand as U.S. crude stocks had an unprecedented drop. Brent crude slid 0.3%, or 13 cents, at $43.66 per barrel. ...
Tesla Inc will be manufacturing mobile molecule printers in an attempt to aid Germany’s biotech firm CureVac in developing a potential COVID-19 vaccine, according to a tweet by the electric-car maker’s CEO Elon Musk on Wednesday. CureVac ...
The European aviation Airbus (AIR.PA) announced on Monday that its airplane production and deliveries would be 40% lower for the next two years compared to its planned pre-crisis strategy. The CEO's comments underscore the threat to jobs as ...
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