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Industrial production in the US rose by 0.5% in March, compared to a 1% increase in February, the Federal Reserve said. Analysts had expected the growth of the index by 0.3%. In the processing industry, output increased by 0.1%. The output of cars and parts to them grew by 2.7%, electronics - by 1%. At the same time, production of industrial equipment decreased by 0.4%. The decrease was also noted in the production of food and tobacco products - by 1.3%, clothing - by 1.1%, construction materials - by 0.3%. The output of consumer goods increased by 0.5%. Production in the defense and aerospace industries grew by 0.7%, in the municipal sector - by 3%, in the mining industry - by 1%. The volumes of drilling wells for oil and gas production increased by 4.1%.
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. ...
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 ...
The European aviation Airbus (AIR.PA) announced on Monday that its airplane production and deliveries would be 40% lower for the next two years compared to its planned pre-crisis strategy. The CEO's comments underscore the threat to jobs as ...
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