Latest news with #statistics bureau
Reuters
3 days ago
- Business
- Reuters
China's July coal output falls to lowest level in over a year
BEIJING, Aug 15 (Reuters) - China's coal output in July fell to the lowest level since April 2024, data from the statistics bureau showed on Friday, the first year-on-year decline of 2025 in a sign that China's coal output could be easing in response to oversupply. China produced 380.99 million metric tons of coal in July, down 3.8% on the year. Output over the first seven months of the year reached 2.78 billion metric tons, up 3.8% on the back of year-on-year increases during the first six months. Analysts had been closely monitoring whether China would take steps to scale back production and curb oversupply, with expectations mounting that output could begin to decline from the second half of the year. A July 20 document from the energy regulator calling for inspections at coal mines in eight provinces pushed coking coal prices to their trading limit in successive sessions on the expectation of supply disruptions. Although it was not clear that the document represented a coordinated strategy from the central government, it bolstered expectations that supply could be more limited in the second half of the year.
Bloomberg
3 days ago
- Business
- Bloomberg
Taiwan to Revise Growth Outlook for First Time Since US Levies
Taiwan is set to revise its estimate for growth in 2025, providing the first glimpse of how it expects the economy to perform since the Trump administration imposed a 20% duty on exports to the US. The statistics bureau in Taipei will release the figure on Friday afternoon, after saying in May it expected an expansion of 3.1%. The median forecast of 22 economists who have made their predictions following the US levies is for 4.1% growth this year.
CNA
31-07-2025
- Business
- CNA
Indonesia's trade surplus seen narrowing to $3.45 billion in June: Reuters poll
JAKARTA :Indonesia's trade surplus is expected to have narrowed month-on-month in June to $3.45 billion as import growth is expected to have accelerated last month, while exports also continued to rise, a Reuters poll showed on Thursday. In May, the trade surplus was at $4.3 billion. The largest economy in Southeast Asia has posted a monthly trade surplus since 2020, driven by a commodity boom, but it has been moderating gradually due to weak global demand. The median forecast of 17 economists, surveyed by Reuters this month, estimated the rise in imports for June at 6.5 per cent versus a 4.14 per cent increase in May. Exports likely grew at 10.41 per cent year-over-year in June, higher than the 9.68 per cent recorded in May. On Friday, the statistics bureau will also announce Indonesia's consumer price index data for July.
Bloomberg
15-07-2025
- Business
- Bloomberg
China's Steel Mills Lead Steep Drop in Building Materials Output
China made further headway in June in its bid to tackle oversupply of key industrial commodities, with crude steel production leading declines in construction materials with its biggest drop in 10 months. Output in June fell 9.2% year-on-year to 83.2 million tons, leaving first-half production at its weakest since 2020 and 3% off last year's pace, according to the statistics bureau on Tuesday. Cement output, meanwhile, fell 5.3% while glass-making dropped 4.5%.
