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In January, industrial production in Germany fell by 0.8% compared to December, when there was an increase of 0.8%. Such data was published by the Federal Statistical Office. According to economists, an increase of 0.5% was expected. At the same time, the agency reported that the January industrial output fell by 3.3% year-on-year, confirming experts' forecasts. In the manufacturing and mining industries, relative to December, there was a decline in production by 1.2%. The output of industrial goods showed a decrease of 2.5%. Production growth was recorded in the construction sector by 0.2%. The output of consumer goods grew by 1.5%, electricity production - by 3.6%.
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 Monday, Deutsche Bundesbank’s President Jens Weidmann said in a newspaper interview that Germany would toughen its auditing and accounting regulations to prevent another scam like the Wirecard scandal. Wirecard AG (WDI), a financial ...
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 ...
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