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In November, Spain reduced the production of industrial goods by 1.5% compared to October. In October, an increase by 1.1% was observed. According to INE, the decline in production in November was the most significant in 7 months, as output fell in all subsectors. The output of goods for industrial purposes decreased by 1.8%, while the decline in the production of intermediate goods and durable goods was 1.7%. The output of consumer non-durable goods decreased by 1% compared to October data. Energy production fell 0.6%. In general, taking into account the calendar adjustment, industrial production in the country decreased by 2.6% over the year.
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 ...
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 ...
European shares fell earlier on Monday, weighed down by travel stocks after the U.K. placed a quarantine on travelers from Spain as the number of COVID-19 cases continue to surge. The pan-European STOXX index lost 0.5% at 0718 GMT. Meanwhile, ...
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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