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In March, in the UK, industrial production grew by 0.7% against February. As the data of the ONS management showed, the growth rate accelerated in comparison with the rise by 0.6% in February. Its increase has been observed for the past three months. In March, growth was higher than economists' forecasts, who had expected an increase of only 0.1%. The volume of industrial production increased by 1.3% compared to the same month a year earlier, significantly exceeding the growth predicted by economists by 0.5%. The oil and gas industry showed an increase of 1.7%, while the indicator of the coal industry fell by 9.5%. The manufacturing industry increased production by 0.9% for the month and by 2.6% for the year. The oil refining industry in March reduced production by 0.4%. At the same time, the pharmaceutical industry showed an increase of 4%. And electronics production fell by 0.2%.
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. ...
The economy in the European Union will plunge deeper into recession for 2020 and may recover only slightly in 2021 than previously thought, the European Commission predicted on Tuesday. The downbeat assessment of Europe's economy comes as ...
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 ...
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