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In March, industrial production in the United States decreased by 0.1% after rising 0.1% in February. This was reported by the US Federal Reserve. The figure last month fell unexpectedly, as experts expected it to grow by 0.2%. The Fed report also showed that in the first quarter, industrial production in the country decreased by 0.3% compared to the previous quarter, when its growth was 4%. The figure for the first quarter of this year was the lowest since the third quarter of 2017. Production in the processing industry remained at the level of January. Cars and parts for them were produced in February by 2.5% less than in January, and in the first quarter they fell by 12.8% in annual terms. A decrease in output was also observed in the mining industry and consumer goods. At the same time, the volume of oil and gas production increased by 0.3%.
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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