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In July of this year, industrial production in the UK increased by 0.1% in monthly terms, according to the Office for National Statistics. The growth of the indicator slowed down compared to the rise of 0.4% in June. Experts had predicted an increase of 0.2%. In annual terms, industrial production growth in July was 0.9%, while analysts had predicted 1.1%. In monthly terms, the most significant drop was recorded in the pharmaceutical industry, where the indicator fell by 7.5%. The decline in the manufacturing industry was 0.2%. At the same time, the oil and gas industry showed an increase in production by 5%.
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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