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The volume of industrial production in the US declined in May by 0.1% compared to April, when its growth was 0.9%, the Federal Reserve said. Experts had predicted an increase of 0.2%. In the processing industry, accounting for 75% of total industrial output, the indicator fell by 0.7% after rising by 0.6% in April. The output of cars and parts to them decreased by 5.5%, industrial equipment - by 1.1%. The electronics industry grew by 0.8%. The volume of production of consumer goods decreased by 1%. The output of building materials increased by 0.1%. The index in the defense and aerospace industries grew by 0.4%. The utilities industry increased the output by 1.1%, the mining sector - by 1.8%, the oil and gas production - by 11.6%.
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. ...
KYC Policy