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In April, industrial production in the United States fell by 0.5%, noting the third drop in the index over the past 4 months, the Federal Reserve reported. Economists had not expected a decline. They had predicted an increase of 0.1%. American companies reduced their production of automobiles and spare parts by 2.6% last month against the background of significantly increased stocks in their warehouses before the introduction of new increased duties on Chinese goods. The indicator, which does not take into account the production of automobiles and spare parts, also dropped over the month by 0.3%. The production of machinery, electrical equipment and utilities decreased. At the same time, production increased by 1.6%. Capacity utilization in the manufacturing sector dropped to 75.7% from 76.2% a month earlier.
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