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In February, industrial production in the UK increased by 0.6% compared to January. According to the Office for National Statistics, its growth slowed slightly against the January rise of 0.6%, but turned out to be higher than the 0.1% increase predicted by economists. Economists also did not expect an annual growth rate of 0.1%. They assumed it to fall by 0.9%. The coal industry showed a decline in production by 11.1%. At the same time, an increase by 4% was recorded in the oil and gas industry. The volume of production in the manufacturing industry increased on a monthly basis by 0.9% and in annual terms - by 0.6%. Enterprises producing electronics showed the most significant monthly growth in production - by 2.9%. Production in the metallurgical industry grew by 1.6%. Light industry grew by 1.4%.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
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 ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
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 ...
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