Latest news with #industrialproduction
CNA
5 days ago
- Business
- CNA
South Korea's April factory output unexpectedly declines 0.9% m/m
SEOUL :South Korea's factory output unexpectedly declined in April, depressed by a drop in electricity and gas output, government data showed on Friday. Industrial production fell 0.9 per cent in April from a month earlier on a seasonally adjusted basis, underperforming expectations for a 0.5 per cent gain tipped in a Reuters poll.
Reuters
5 days ago
- Business
- Reuters
South Korea's April factory output unexpectedly declines 0.9% m/m
SEOUL, May 30 (Reuters) - South Korea's factory output unexpectedly declined in April, depressed by a drop in electricity and gas output, government data showed on Friday. Industrial production fell 0.9% in April from a month earlier on a seasonally adjusted basis, underperforming expectations for a 0.5% gain tipped in a Reuters poll. From a year earlier, factory output increased 4.9%.
Bloomberg
5 days ago
- Business
- Bloomberg
Burkina Faso Sees Restart of Gold Mines Boosting Output in 2025
Burkina Faso is poised to increase its industrial gold mining this year as a project by Mauritius's Soleil Resources International Ltd. rises to full production and a new mine by Australia's West African Resources Ltd. starts output later this year. Production by the country's large scale operations will increase by 4% to 55.7 tons this year, Aristide Belemsobgo, director general of mines and geology at the Ministry of Energy, Mines and Quarries said in an interview.
Times of Oman
25-05-2025
- Automotive
- Times of Oman
Taiwan's industrial production solidifies on strong AI demand
Taipei: Taiwan's industrial production registered a rise of more than 20 per cent as compared with the same month last year, marking the 14th consecutive month of year-on-year growth, as per Taiwan's Ministry of Economic Affairs (MOEA). The rise was attributed towards the strong global demand for the applications of artificial intelligence, as reported by Focus Taiwan on Friday. The Deputy Head of MOEA's Department of Statistics, Huang Wei-jie, said that demand for AI still served as a driver for industrial production growth. He further added that, the additional boost was provided by the Taiwanese manufacturers, as they rushed to place orders ahead of schedule, in order to take advantage of 90-day pause on reciprocal tariffs announced by the Donald Trump administration on April 9. The industrial production increased by 14.31 percent in the first four months of 2025, reaching 100.40, compared to the previous year. While, the overall industrial production gained 22.31 percent on yoy basis to hit a record high level of 107.51 in April. Specifically, Taiwan's local electronics component industry, in April, reported an increase of 36.48 per cent on a year-on-year basis, as the rising popularity of AI applications and high-performance computing devices lent support. On the other hand, according to MOEA, traditional industries experienced mixed demand, as base metal suppliers reported a 1.25 per cent year-on-year increase in production, owing to greater demand for nonferrous metals like target materials. Meanwhile, machinery manufacturers reported a 4.75 per cent increase, underpinned by continued demand for equipment from semiconductor firms." The base metal industry snapped a four month declining steak in April as the production for the non-iron metal rose in semiconductor production, Huang Wei-jie said. Additionally, the chemical and fertilizer industry decline by 5.87 per cent on year-on year basis, weighed down by falling production due rising price competition. The auto and auto parts sector also experienced a 2.15% year-on-year production decline due to a shortage of passenger car components. Moving forward, while global demand for emerging technologies is anticipated to bolster Taiwan's semiconductor and server production, MOEA official Huang cautioned that U.S. trade policies and ongoing geopolitical tensions could impede overall global economic expansion.
Yahoo
23-05-2025
- Business
- Yahoo
Eurozone grows 0.3% at the start of the year, industrial output soars
The eurozone economy expanded by 0.3% in the first quarter of 2025 on a quarter-over-quarter basis, according to a second estimate from Eurostat released on Thursday. This marks a slight acceleration from the 0.2% growth recorded in the final quarter of 2024, but represents a minor downward revision from the initial flash estimate of 0.4%. On an annual basis, the euro area's gross domestic product (GDP) rose by 1.2%, consistent with earlier readings and in line with economist expectations. Among member states for which data is available, Ireland posted the highest quarterly growth rate at 3.2%. Spain again proved resilient among major economies with 0.6% growth, ahead of Italy (0.3%), Germany (0.2%) and France (0.1%). By contrast, economic contraction was recorded in Portugal (-0.5%) and Slovenia (-0.8%). Labour market conditions appear to be improving, with eurozone employment rising by 0.3% quarter-on-quarter in the first three months of the year. This surpassed both expectations and the previous quarter's 0.1% gain. On an annual basis, employment was up 0.8%, matching consensus forecasts. A strong performance in industrial output added to signs of economic momentum. In March, eurozone industrial production jumped by 2.6% on a month-over-month basis, marking the sharpest one-month gain since November 2020. The figure beat expectations of a 1.8% rise and followed a revised 1.1% gain in February. Eurostat data revealed robust monthly increases in capital goods (3.2%), durable consumer goods (3.1%) and non-durable consumer goods (2.3%). Intermediate goods saw a more modest rise of 0.6%, while energy production dipped 0.5%. Related Eurozone economy stalls in April as tariffs rattle services activity Eurozone inflation tops expectations: ECB rate cuts in jeopardy? Among member states, Ireland led industrial output growth with a 14.6% surge, followed by Malta (4.4%) and Finland (3.5%). Meanwhile, output fell in Luxembourg (-6.3%), Denmark and Greece (both -4.6%), and Portugal (-4.0%). On an annual basis, eurozone industrial production rose by 3.6%, its highest rate since 2022. The March industrial rebound can be attributed to two key factors: the announcement of an €800 billion German fiscal stimulus focused on defence and manufacturing, and a pre-emptive surge in European exports to the United States ahead of anticipated tariff hikes under Donald Trump's proposed trade policy. The euro rallied on Thursday's economic data, with the euro-dollar exchange rate climbing above 1.12, recouping earlier weekly losses. Bond markets remained stable, with German 10-year Bund yields hovering at 2.67% and two-year Schatz yields slipping slightly to 1.91%. European equities were subdued following a week of strong gains, as investor sentiment was tempered by mixed corporate earnings. The Euro STOXX 50 index was down 1.1% by mid-morning, dragged lower by underwhelming results from several large-cap firms. Shares of Siemens fell 2.4% after the engineering giant cited increased uncertainty in the economic environment and reaffirmed its full-year guidance. Allianz also slipped 2.5% following a weaker-than-expected earnings report. Luxury stocks continued to struggle amid concerns over slowing demand in China. Kering declined by 3.9%, while LVMH lost 2.4%, extending recent losses across the sector.
