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The report of the US Federal Reserve System on the state of industrial production in January showed that its volume in January relative to December decreased by 0.6%. Experts' forecast suggested an increase of 0.1%. The processing industry recorded a 0.9% decline in production, an increase of 0.8% in December. The most significant drop in the index - by 88% - was noted in the automotive industry. The decline was also noted in the production of equipment, computers and electronics, as well as consumer goods. The defense and aerospace industries reduced production by 0.6%. In the field of oil and gas, the decline was at 0.9%. At the same time, growth was shown by the utility sector and the mining industry.
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 ...
KYC Policy