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The economy of France will grow by 0.3% in the second quarter of this year, just as it was expected earlier, a monthly survey of the Bank of France showed. It is noted that in June industrial production in France increased sharply, especially in the automotive and metal sectors. The indicator, which determines the business mood in the manufacturing industry, in June rose to 101 points from 100 points in May. The trust index in the services sector was 103 points, increased from 102 points in May. It is expected that in July the service sector will expand substantially. In July, the activity of the construction sector is also expected to increase, the confidence index in which remained at 105 points in June.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The outlook for India’s struggling economy has darkened further on weak business activities and surging virus cases. This will likely prompt the Reserve Bank of India to lower interest rates again, a Reuters survey showed. According ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
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