Latest news with #industrialproduction
Times of Oman
6 days ago
- Business
- Times of Oman
Taiwan industrial output rises for 16th straight month in June
Taipei: Taiwan's industrial production rose 18.65 per cent year-on-year in June, marking the 16th straight month of growth on the back of strong global demand for artificial intelligence applications, the Ministry of Economic Affairs (MOEA) said Wednesday, reported Focus Taiwan. The industrial production index rose to 111.48 in June and the manufacturing sub-index to 112.11, both record highs for the month, with the latter, which accounts for over 90 per cent of total output, jumping 20.03 per cent year-on-year, MOEA data showed. In the first half of 2025, Taiwan's industrial production index rose 16.69 per cent year-on-year to 105.66. The manufacturing sub-index climbed 17.77 per cent from a year earlier to 106.32, the Focus Taiwan report said. Speaking to reporters, Huang Wei-jie, head of the MOEA's Department of Statistics, stated that Taiwan continues to benefit from strong demand for AI development, despite uncertainties surrounding U.S. tariff policies. Boosted by AI-related demand, production in the electronic components industry rose 22.38 per cent year-on-year, with its index hitting a record 117.31 for June, the MOEA said. The integrated circuit segment also posted a June high of 129.28, up 22.80 per cent, driven by increased 12-inch wafer output, according to the Focus Taiwan report. Driven by demand for AI and cloud services, the computer and optoelectronics industry saw production surge 81.95 per cent, with its index reaching 251.56, the MOEA said. The increase was fueled by strong shipments of servers, mobile camera lenses, semiconductor equipment and industrial computers, the MOEA added. However, Huang said growth in traditional industries remained uneven, with only the machinery sector posting a year-on-year increase in June, up 6.30 per cent, as semiconductor makers continued expanding production capacity. The base metal, chemical and fertilizer, and auto parts industries all underperformed the broader manufacturing sector in June, with year-on-year declines of 6.15 percent, 1.94 percent and 3.38 percent, respectively, according to the MOEA. While many manufacturers remained cautious about a possible reciprocal tariff from the United States as talks with Taipei continued, Huang said the sector is expected to receive an additional boost from booming AI demand in the second half of the year. Huang forecast that the manufacturing sub-index will grow by 19.5 to 23.7 per cent year-on-year in July, reaching between 114.18 and 118.18, the report added.
Times of Oman
22-07-2025
- Business
- Times of Oman
India's core industries output grows 1.7% in April
New Delhi: India's core industries comprising eight sectors reported 1.7 per cent growth in June 2025, down from 5 per cent in the same month of 2024, data released on Monday by Ministry of Commerce and Industry showed. On a month-on-month basis, the expansion in June is relatively up, when these key sectors grew by 1.2 per cent. Commerce ministry data showed the production of steel, cement and refinery products recorded positive growth in June 2025. The Index of Eight Core Industries (ICI) measures the combined and individual performance of production of eight core industries -- Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. The Eight Core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP). The cumulative growth rate of ICI during April to June, 2025-26 is 1.3 per cent (provisional) as compared to the corresponding period of last year. The summary of the Index of Eight Core Industries is given below: Coal - Coal production (weight: 10.33 per cent) declined by 6.8 per cent in June, 2025 over June, 2024. Its cumulative index declined by 0.3 per cent during April to June, 2025-26 over corresponding period of the previous year. Crude Oil - Crude Oil production (weight: 8.98 per cent) declined by 1.2 per cent in June, 2025 over June, 2024. Its cumulative index declined by 2.0 per cent during April to June, 2025-26 over corresponding period of the previous year. Natural Gas - Natural Gas production (weight: 6.88 per cent) declined by 2.8 per cent in June, 2025 over June, 2024. Its cumulative index declined by 2.5 per cent during April to June, 2025-26 over corresponding period of the previous year. Petroleum Refinery Products - Petroleum Refinery production (weight: 28.04 per cent) increased by 3.4 per cent in June, 2025 over June, 2024. Its cumulative index remained constant during April to June, 2025-26 over corresponding period of the previous year. Fertilizers - Fertilizer production (weight: 2.63 per cent) declined by 1.2 per cent in June, 2025 over June, 2024. Its cumulative index declined by 3.8 per cent during April to June, 2025-26 over corresponding period of the previous year. Steel - Steel production (weight: 17.92 per cent) increased by 9.3 per cent in June, 2025 over June, 2024. Its cumulative index increased by 7.0 per cent during April to June, 2025-26 over corresponding period of the previous year. Cement - Cement production (weight: 5.37 per cent) increased by 9.2 per cent in June, 2025 over June, 2024. Its cumulative index increased by 8.4 per cent during April to June, 2025-26 over corresponding period of the previous year. Electricity - Electricity generation (weight: 19.85 per cent) declined by 2.8 per cent in June, 2025 over June, 2024. Its cumulative index declined by 2.0 per cent during April to June, 2025-26 over corresponding period of the previous year. "Although the year-on-year (YoY) growth in core output improved slightly to 1.7 per cent in June 2025 from 1.2 per cent in May 2025, it remained decidedly tepid, with as many as five of the eight sectors recording a contraction in their output in the month," said Aditi Nayar, Chief Economist, ICRA Ltd. "While an elevated base weighed upon coal output, excess rains in the latter half of June 2025 impacted electricity generation." "Encouragingly, the output of the cement and steel sectors rose by a robust 9.2-9.3 per cent in June 2025, although this was supported by a favourable base in the case of the former. The growth in volumes of these segments has been quite healthy in Q1 FY2026, which implies that the construction sector is poised to record a robust GVA growth in the quarter. Given the subdued growth in core output, ICRA expects the IIP growth to print at 1.5-2.5 per cent in June 2025," added Nayar. Release of the index for July, 2025 will be on Wednesday, August 20, 2025.
Reuters
21-07-2025
- Business
- Reuters
India's infrastructure output accelerates to three-month high in June
NEW DELHI, July 21 (Reuters) - India's infrastructure output (ININFR=ECI), opens new tab accelerated to a three-month high of 1.7% year-on-year in June, government data showed on Monday. The index, which tracks activity across eight sectors and makes up 40% of the country's industrial production, rose at a revised 1.2% in May, compared to the initial estimate of 0.7%. In March, the infrastructure output grew 4.5% year-on-year. * Crude oil output dropped 1.2% year-on-year in June against a fall of 1.8% in May * Natural gas production fell 2.8% year-on-year in June after a 3.6% decline in May * Cement output rose 9.2% year-on-year in June compared with a revised 9.7% increase in May * Steel production increased 9.3% year-on-year in June after a revised 7.4% growth in May * Fertilizer production fell 1.2% year-on-year in June after a drop of 5.9% in May * Coal production fell 6.8% year-on-year in June against an increase of 2.8% in the previous month * Electricity generation declined 2.8% year-on-year in June against a revised drop of 4.7% in May * Refinery products output rose 3.4% in June after a 1.1% growth in the previous month
Yahoo
16-07-2025
- Business
- Yahoo
Dollar Rallies to 3-week High
The dollar index (DXY00) is up +0.22% today. The dollar index is seeing some technical buying as it extends its two-week rally to post a 3-week high. Bullish factors for the dollar include safe-haven demand amid weakness in stocks and a stronger-than-expected US industrial production report. Bearish factors today include a -4 bp decline in the 10-year T-note yield and today's soft PPI report. Today's June PPI report was favorable, as both the month-over-month and year-over-year figures were better than expected, suggesting that tariff inflation has not yet hit the producer level. The PPI report sparked some inflation optimism after Tuesday's mixed CPI report. Dollar Rallies on Higher T-note Yields Dollar Rallies on Higher T-note Yields Gold and Silver Are Grinding Sideways. Here's What Could Change That, and When It Might Happen. Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Specifically, the June final-demand PPI was unchanged m/m and +2.3% y/y, which was weaker than expectations of +0.2% m/m and +2.5% y/y. The June core PPI report of unchanged m/m and +2.6% y/y was weaker than expectations of +0.2% m/m and +2.6% y/y. The year-over-year figures of +2.3% (nominal) and +2.6% y/y (core) were down from the revised May figures of +2.7% and +3.2%, respectively. Today's June US industrial production report of +0.3% m/m was slightly stronger than market expectations of +0.1%, and May was revised higher to unchanged from -0.2%. The June US manufacturing production report of +0.1% m/m was slightly stronger than expectations of unchanged. The July New York Fed services business activity index rose to -9.3 from -13.2 in June. The Fed's July Beige Book report will be released later today. Expectations for Fed policy were little changed after today's economic reports. Federal funds futures prices are discounting the chances for a -25 bp rate cut at 3% at the July 29-30 FOMC meeting and 59% at the following meeting on Sep 16-17. EUR/USD (^EURUSD) is down -0.28% due to strength in the dollar. The euro is receiving some underlying support from the May Eurozone trade surplus report, which showed a surplus of 16.2 billion euros. This was wider than market expectations of 14.0 billion euros and up from April's revised 15.1 billion euros. Swaps are pricing in a 2% chance of a -25 bp rate cut by the ECB at the July 24 policy meeting. USD/JPY (^USDJPY) is little changed. The yen is seeing some downward pressure from the stronger dollar. However, the yen has some support from interest rate differentials as the 10-year JGB yield today rose +0.4 bp, while the US 10-year T-note yield is down -4.2 bp. The yen remains under pressure due to concerns about the upcoming upper house election in Japan on July 20. The promises by Japan's ruling Liberal Democratic Party of cash handouts to voters and promises of lower taxes by the opposition have sparked concerns of fiscal deterioration, which are bearish for the yen. August gold (GCQ25) today is down -2.5 (-0.07%), and September silver (SIU25) is down -0.215 (-0.56%). Precious metals are trading lower on today's +0.2% rise in the dollar index. However, precious metals have underlying support from today's -4.2 bp decline in the 10-year T-note yield. Precious metals also have some underlying support from safe-haven demand as Congress loosens restrictions on stablecoins, which could boost inflation in the future due to an underlying increase in the nation's unofficial money supply and potentially cause eventual systemic problems for the Fed and the US banking system. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
16-07-2025
- Business
- Bloomberg
US Industrial Production Rises on Pickup in Utility Output
US industrial production rose in June, boosted by a jump in utility output and a modest gain in manufacturing. The 0.3% increase in production at factories, mines and utilities followed little change a month earlier, Federal Reserve data showed Wednesday. The median estimate of Bloomberg survey of economists called for a 0.1% increase.
