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Istat, the Italian statistical office, reported an increase in production in Italy by 1.7% in January after a 4-month decline. These data significantly exceeded the estimate of economists, who had expected the index to increase only by 0.1%. In the second half of last year, recession was observed in Italy, and a significant improvement in January data on the output growth may be a precursor to the end of the recession period in the country. For the period from November to January, however, there was a decrease in production by 1.8% compared to August-October. The January production figure in annual terms indicated a decline of 0.8%. Analysts had expected the figure to fall by 3%.
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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