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The UK recorded industrial production growth of 0.6% in January against a decline of 0.5% in December, data from the Office for National Statistics showed. Economists had predicted an increase in the monthly index by 0.2%. In annual terms, there was a decline in industrial production by 0.9%, with a 1.3% drop expected by experts. The most significant growth was observed in the coal industry, its figure jumped by 20.9%. At the same time, the manufacturing industry noted an increase in output relative to the previous month for the first time since June 2018. Its rate rose by 0.8%. Compared with January 2018, production in this area fell by 1.1%. Production in the pharmaceutical industry in the first month of the year increased by 5.7%. In electronics, the growth rate was 1.8%.
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 ...
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