In May of this year, the Office for National Statistics recorded an increase in industrial production in the UK by 1.4% compared to April, when it fell by 2.9%. Forecast by economists suggested an increase of 1.5%. Compared with the same month a year earlier, the figure increased by 0.9%, while experts expected a rise of 1.2%. In April, a 1.1% decline in production was reported. The coal industry showed an increase of 9.3%. Oil and gas production increased by 1.2%. Manufacturing companies increased production by 1.4%, while in April they reduced the figure by 4.2%. Transportation equipment was produced by 12.4% more than in April, which was the highest figure since April 2005. Production volumes in electronics increased by 2.8%, while metal-working enterprises increased output by 2.6%. A decline in production was noted only in the pharmaceutical, food and textile industries.
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 ...
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
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 Bank of Thailand chief on Monday said that it could take several years for the country’s foreign tourism industry to recover as the economy continues to take a beating from the COVID-19 pandemic. The central bank expects foreign ...
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. ...