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In March, industrial production in the UK increased by 0.1% compared to February, when the rise was also 0.1%. In annual terms, growth was 2.9%, according to the Office for National Statistics. Analysts had predicted the growth of the first indicator by 0.2%, the second one - by 3.1%. Decline in production for the month was recorded in the coal industry by 22.7%, in manufacturing - by 0.1%, in the pharmaceutical industry - by 5.2% and in the production of electrical equipment - by 4.2%. The rise was noted in the oil refining industry - by 2.7%, in mechanical engineering - by 9.3%. As a result of the first quarter, industrial production increased by 0.6% compared to the previous quarter.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
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 ...
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. ...
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