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In July, industrial production in the euro area fell by 0.8% compared to the previous month, Eurostat reported. A month earlier, there was also a decrease in monthly terms by 0.8%. Experts had predicted a decrease of 0.5%. In annual terms, the decline in industrial production was 0.1%, while analysts had expected growth of 1%. Industrial production in the European Union decreased by 0.7% compared to the previous month and increased by 0.8% compared to July of the previous year. The most significant decline in monthly terms was registered in Malta - by 6.3%, and in Croatia - by 5%.
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 ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
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 ...
The Dollar fell on Tuesday, with the Euro and the British Pound Sterling gaining strength on the back of news that European Union leaders have agreed to roll out additional recovery funds in the region. New hopes for a potential COVID-19 vaccine ...
The euro reached its highest level since early March after the European Union agreed on a deal for a massive stimulus package to support the bloc’s economy from the coronavirus pandemic. The deal was finalized after a round of compromises ...
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