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Statistical Office Eurostat published data on the state of industrial production in the Eurozone in December. According to these data, the volume of industrial production fell in the last month of last year by 0.9%. The speed of its fall slowed down compared with a decrease of 1.7% in November, but it turned out to be higher than the 0.4% drop expected by economists. Compared to the same month a year earlier, the indicator fell by 4.2%, which also exceeded the forecasts of experts who had expected a decline of only 3.2%. Eurozone countries produced 0.4% less energy in December than in November. At the same time, there was a growth in the output of durable goods by 0.7%. Production of capital and non-durable goods decreased by 1.5%. The December data for the European Union also showed a decline in industrial output by 0.5% compared to November and by 2.7% compared with a year earlier.
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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