industrial

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Singapore’s Industrial Production Contracts in December 2023, Biomedical Sector Drags Down Numbers

Singapore’s Economic Development Board (EDB) has unveiled the industrial production figures for December 2023, indicating a notable contraction of -2.5% year-on-year. This decline comes after a modestly adjusted level of 0% in November and is primarily attributed to a substantial downturn in biomedical production, known for its inherent volatility. When excluding the biomedical sector, industrial […]

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Japanese Industrial Production Records First Monthly Decline in Three Months, Reflecting November 2023 Data

Japan’s Ministry of Economy, Trade, and Industry unveiled the final data today, revealing that industrial production in November 2023 experienced its first decline in three months. According to the official release, industrial production witnessed a 0.9% month-on-month decrease, following a 1.3% rise in October. This data aligns with the preliminary estimates released in December 2023.

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UK Industrial Output Records 0.3% Month-on-Month Growth in November 2023

The Office for National Statistics (ONS) unveiled a positive trajectory for the UK’s industrial output, reporting a 0.3% month-on-month growth in November 2023. However, the year-on-year comparison paints a more nuanced picture, with output registering a slight decline of 0.1%. The monthly upswing in industrial output was primarily propelled by robust performances in key sectors.

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Germany Reports Unexpected Decline in November Industrial Production

The German Federal Statistical Office has unveiled figures indicating an unexpected downturn in German industrial production for November, marking a contrary trend to market expectations and signaling a sixth consecutive month of decline. November’s industrial production in Germany recorded a notable 0.7% decrease compared to the previous month, contrary to analysts’ projections outlined in a

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Russia’s Industrial Sector Records Fastest Growth in 7 Years in December 2023

Recent data released by S&P Global on December 29th unveils a significant surge in Russian manufacturing activity, marking its most rapid expansion in nearly seven years. Despite a consecutive contraction in overseas orders, the domestic manufacturing landscape has shown resilience and growth. The December Manufacturing Purchasing Managers Index (PMI), as revealed by S&P Global, surged

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South Korea Witnesses Industrial Production and Retail Sales Rebound in November

South Korea’s National Bureau of Statistics has reported a significant recovery in the country’s industrial production and retail sales for the month of November. Industrial production recorded a 0.5% month-on-month increase, accompanied by a substantial 2.5% year-on-year surge, propelled by a remarkable 12.8% rise in semiconductor production. The surge in industrial output, particularly in the

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Thailand’s Industrial Production Sees 4.71% Contraction in November Amid Global Economic Slowdown and High Interest Rates

The Office of Industrial Economics (OIE) in Thailand has unveiled a concerning decline in the Industrial Production Index (MPI) for November, recording a significant decrease of 4.71% compared to the corresponding period last year. This downturn has contributed to an overall 5.01% decline in the first 11 months of this year (January to November), echoing

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low angle shot of manufacturing plant under blue sky

Japan’s Industrial Production Drops 0.9% in November, Auto Manufacturing Slump Cited

Japan’s Ministry of Economy, Trade, and Industry unveiled a 0.9% decline in the country’s industrial production for November, marking the first downturn in three months, predominantly attributed to a slowdown in automobile and electronic goods manufacturing. The recent data release reflects a decrease in output across key sectors, primarily impacting the production of automobiles and

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China’s Industrial Profits Surge 29.5% in November, Marking Fourth Consecutive Monthly Gain

The National Bureau of Statistics of China (NBS) has unveiled a significant upswing in the profits of Chinese industrial companies for November, marking a robust 29.5% year-on-year surge. This surge marks the fourth consecutive month of profit escalation, despite weaker demand in China’s private sector, prompting calls for enhanced governmental interventions to bolster the economy.

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manufacturing plant during daytime

U.S. Industrial Production Sees 0.2% Uptick in November, Federal Reserve Reports

In a statement released today, the US Federal Reserve (Fed) unveiled that total industrial production in the United States showed a modest increase of 0.2% during November, marking a turnaround from the 0.9% decline witnessed in October. The comprehensive industrial production metric encompasses the combined output from manufacturing, mining, and utilities sectors, providing a crucial

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