Germany Industrial Output Rises For First Time In 4 Months

Despite supply chain problems, Germany’s industrial output grew for the first time in four months in July, underpinned by higher production of capital and consumer goods, Destatis said Tuesday. Industrial production grew 1 percent month-on-month in July, offsetting a revised 1 percent fall in June. Economists had forecast a monthly growth of 0.9 percent. The… Continue reading Germany Industrial Output Rises For First Time In 4 Months

China Industrial Output, Retail Sales Growth Eases More Than Expected

Growth in China’s industrial production and retail sales eased more-than-expected in May, official data revealed Wednesday. According to the National Bureau of Statistics, industrial production grew 8.8 percent on a yearly basis in May, weaker than the economists’ forecast of 9 percent and April’s 9.8 percent increase. Similarly, retail sales expanded 12.4 percent annually, which… Continue reading China Industrial Output, Retail Sales Growth Eases More Than Expected

UK Economy Shrinks Less Than Expected In November

The UK economy contracted less than expected in November despite a second nationwide lockdown, data released by the Office for National Statistics revealed Friday. Ending six months of growth, gross domestic product shrank 2.6 percent on month in November but slower than the 5.7 percent fall economists’ had forecast. The decline reversed a 0.6 percent… Continue reading UK Economy Shrinks Less Than Expected In November

German Industrial Production Growth Tops Expectations

Germany’s industrial output grew more-than-expected in October driven by the higher production of automobile and capital goods, data revealed Monday. Industrial production climbed 3.2 percent month-on-month, faster than the revised 2.3 percent rise in September, Destatis reported. The growth rate for September was revised up from 1.6 percent. Economists had forecast output to climb 1.6… Continue reading German Industrial Production Growth Tops Expectations

China’s Industrial Output Expands; Retail Sales Drop In July

China industrial production grew at a steady pace in July, while retail sales logged an unexpected fall as social distancing and floods weighed on consumption, data from the National Bureau of Statistics revealed Friday. Industrial production grew 4.8 percent on a yearly basis in July, the same rate of growth as seen in June. This… Continue reading China’s Industrial Output Expands; Retail Sales Drop In July

UK Economy Logs Biggest Contraction Since 1955

The UK economy contracted at the fastest pace on record in the second quarter amid the coronavirus pandemic, despite signs of recovery taking hold in June after the relaxation of restrictions on movement. Gross domestic product contracted by 20.4 percent sequentially in the second quarter, following a 2.2 percent drop in the first quarter, the… Continue reading UK Economy Logs Biggest Contraction Since 1955

German Industrial Output Rises For First Time In 3 Months

After lockdown restrictions were eased, Germany’s industrial production grew for the first time in three months in May, suggesting that the economy started to recover from the unprecedented downturn caused by the coronavirus pandemic. Industrial output grew 7.8 percent on a monthly basis in May, in contrast to a revised 17.5 percent fall in April,… Continue reading German Industrial Output Rises For First Time In 3 Months