Business News Asia
Japan’s Ministry of Economy, Trade and Industry (METI) has reported a slight decrease in the country’s industrial output for December. This marks a challenging end to the year for manufacturers, who are facing slowing global demand and rising costs. Despite…
The Office of Industrial Economics (OIE) has reported a contraction in Thailand’s Manufacturing Production Index (MPI) in December 2022. The MPI was at 93.89, a decrease of 8.19% compared to the same period in the previous year. This contraction marks…
The National Bureau of Statistics (NBS) of China has reported a 4% year-on-year decrease in the profits of industrial firms in 2022, due to the consequences of strict COVID-19 containment policies and a sluggish real estate market. According to the…
In a recent report, China’s National Bureau of Statistics (NBS) shared some promising news about the country’s economy. Despite the ongoing challenges posed by the COVID-19 pandemic, China’s retail sales have shown signs of improvement. According to the NBS, December’s…
China’s Ministry of Industry and Information Technology (MIIT) estimates that China’s industrial output increased by 3.6% in 2022 compared to 2021, despite disruptions in manufacturing and logistics due to COVID-19 containment measures. The MIIT projects that China’s manufacturing output increased…
Thailand’s exports declined 5.96% in November 2022 as the global economy slowed and high inflation hurt overall consumption. Industrial products (excluding gold) contracted 4.06% due to declines in chemicals, plastics, and steel. Exports of manufactured products to Thailand’s main trading…
The Federal Statistical Office (FSO) that industrial orders in Germany fell by 5.3% in November, the sharpest decline in more than a year, due to lower foreign demand Analysts expect industrial orders to fall 0.5% in November, after rising 0.6%…
The South Korean statistics office reported that South Korean industrial production recovered in November for the first time in five months. In contrast, retail sales contracted for the third month in a row due to economic concerns. Industrial production rose…
Profits of Chinese industrial enterprises fell 3.6% year-on-year in the first ten months, the National Bureau of Statistics (NBS) said Monday. China, the world’s second-largest economy, continues to face problems with COVID-19, with a sharp rise in infection numbers after…
According to the Federal Reserve, total industrial production in the U.S. fell 0.2% in November after falling 0.1% in October. Overall industrial production measures the change in output of the manufacturing, mining and utilities sectors. Manufacturing production fell 0.6% in…
