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In October, US industrial production rose 0.1% after a 0.2% increase in the previous quarter, the Federal Reserve reported. The October growth did not justify analysts' forecasts, who had expected a 0.2% rise. The processing industry showed an increase of 0.3%, retaining the September figure and exceeding the 0.2% increase predicted by experts. In the past quarter, industrial equipment was released by 5.3% more, computers and electronics - by 4.9% more than in September. At the same time, there was a decrease in the production of automobiles and parts for them by 2.8%. In the production of consumer goods, an increase of 0.2% was recorded. Production in the defense and aerospace sectors showed an increase of 0.9%. In the utility sector, a decrease of 0.5% was observed. In the field of gas and oil production, growth was 1.6%.
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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