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The volume of industrial production in the US rose in April by 0.7%, as well as in March, the Federal Reserve Bank said, noting that these data indicate the acceleration of the growth of the US economy in the second quarter. Production of equipment increased by 2.3%, overlapping the decline in the production of basic metals and metal products. Production last month increased by 1.1%, mainly due to the rise in oil and gas production by 3%. The utilization of production capacity increased by 0.4% and reached the highest level since March 2015 in 78%. However, disappointing in April were data on the volume of construction of houses, which declined due to high costs of wood and difficulties with employment.
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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