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According to the results of the first quarter, industrial production in Latvia increased by 4.5% compared to the same quarter last year, data of the Office for Central Statistics showed. Production in the manufacturing industry increased by 4.5%, in electricity and gas supply - by 5%. In the mining and quarrying industry, a decline of 2.6% was recorded. Relative to the previous quarter, industrial production growth was 0.9%. Decrease in the output was noted in the manufacturing industry at 0.8%, in the mining and quarrying industry - 8.1%. In electricity and gas supply there was an increase of 3.3%.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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