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According to the US Federal Reserve, in November, industrial production in the country increased by 0.6% compared to October, when there was a decrease of 0.2%. The growth rate is two times higher than the growth by 0.3%, predicted by experts. The processing industry has kept production volume unchanged compared to October. In November, there was a growth in output of cars and parts for them by 0.3%. The output of industrial equipment also showed an increase by 0.5%, output of computers and electronics - by 0.2%. In the municipal sector, output increased by 3.3%, in the mining industry - by 1.7%. Companies producing oil and gas increased the indicator by 1.7%.
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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