Stellantis CEO says Italy’s hard line on incentives is hurting output
ATESSA, Italy (Reuters) -Italy’s penny-pinching approach to incentives has meant several months of reduced automotive production, the head of Stellantis, the country’s sole major automaker, said on Tuesday. “Stellantis has been asking…
US natgas prices drop 7% on record output, mild weather
(Reuters) – U.S. natural gas futures dropped about 7% to a one-week low on Monday on record output and forecasts for mild weather to continue through late November, keeping heating demand low…
US crude output reaches monthly record in August at 13.05 million bpd -EIA
By Stephanie Kelly NEW YORK (Reuters) – U.S. field production of crude oil rose to a new monthly record in August at 13.05 million barrels per day, the Energy Information Administration said…
Japan’s Sept factory output rises less than expected
TOKYO (Reuters) -Japan’s factory output rose much less than expected in September, government data showed on Tuesday, as demand slowed significantly, adding to uncertainty hanging over the export-reliant economy’s outlook. Industrial output…
Toyota September production jumps on stronger Japan output
TOKYO (Reuters) – Toyota Motor said on Monday that worldwide production rose 1.5% in September from the same period a year earlier to 900,919 vehicles, boosted by stronger demand in Japan, the…
US business output ticks up in October; inflation pressures ease
(Reuters) – U.S. business output ticked higher in October as the manufacturing sector pulled out of a five-month contraction on a pickup in new orders, and services activity accelerated modestly amid signs…
US manufacturing output rises solidly in September
WASHINGTON (Reuters) – Production at U.S. factories increased more than expected in September despite strikes in the automobile industry curbing motor vehicle output, further evidence that the economy exited the third quarter…
Euro industrial output up in August, but sharply down year-on-year
BRUSSELS (Reuters) – Euro zone industrial production rose by more than expected in August, data showed on Friday, as factories made more consumer goods although overall output was down by more than…
US natgas output and demand to hit record highs in 2023 -EIA
(Reuters) – U.S. natural gas production and demand will rise to record highs in 2023, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Wednesday. EIA…
IMF raises Mexico growth forecasts on robust consumption, services, auto output
By David Lawder WASHINGTON (Reuters) – The International Monetary Fund on Tuesday significantly raised its 2023 growth forecast for Mexico to 3.2% from a 2.6% forecast issued in July, citing strength in…
Brazil’s industrial output rises less than expected in August
SAO PAULO (Reuters) – Industrial production in Brazil rose slightly less than expected in August, data from government statistics agency IBGE showed on Tuesday, as the sector struggles to gather speed amid…
Toyota’s Aug global output rises on stronger domestic production
TOKYO (Reuters) – Toyota Motor said global production climbed 4% from the same period a year earlier to 798,771 vehicles to mark a record for the month of August. Domestic production for…
Thai Aug factory output falls 7.5% y/y, more than forecast
BANGKOK (Reuters) – Thailand’s manufacturing production index (MPI) in August dropped 7.53% from a year earlier, the industry ministry said on Thursday, as exports slowed amid soft global demand. The figure compared…
China powers global aluminium output to record high: Andy Home
By Andy Home LONDON (Reuters) -Global production of primary aluminium hit an all-time high in August, with the world’s smelters running at an annualised rate of 71.2 million metric tons. It was…
Singapore Aug manufacturing output dives 12% y/y, more than expected
By Chen Lin SINGAPORE (Reuters) – Singapore’s industrial output in August plunged 12.1% year-on-year, contracting for an 11th consecutive month and more steeply than expected, official data showed on Tuesday. Economists had…
Colombia potential cocaine output rose 24% in 2022 – UN
BOGOTA (Reuters) – Coca crops in Colombia covered 230,000 hectares (568,000 acres) in 2022, the United Nations Office on Drugs and Crime (UNODC) said on Monday, up 13% from 2021 and at…
Canadian factory PMI falls to three-year low as output slows
By Fergal Smith TORONTO (Reuters) – Contraction in Canada’s manufacturing sector gathered pace in August as production and new orders declined, data showed on Friday, in a potential sign that higher borrowing…
Thai July factory output falls more than forecast as exports slump
BANGKOK (Reuters) – Thailand’s factory output shrank slightly more than expected in July as sluggish global demand pinched exports, a ministry official said on Thursday. The manufacturing production index (MPI) fell for…
Vietnam August exports slide, but factory output improves
By Khanh Vu and Phuong Nguyen HANOI (Reuters) -Vietnam’s exports in August fell 7.6% from a year earlier, official data showed on Tuesday, making a sixth straight month of decline as weak…
Tesla’s German plant lowers production target amid slower output – Business Insider
BERLIN (Reuters) – Tesla lowered the production target of its German plant to 4,350 a week in July and August after hitting 5,000 a week in March, and plans to reduce it…
UK factory output drops at fastest rate in almost 3 years: CBI
LONDON (Reuters) – British manufacturing output dropped over the three months to August by the most in almost three years, according to an industry survey on Tuesday that pointed to a further…
Motor vehicles lift US manufacturing output in July
WASHINGTON (Reuters) – Production at U.S. factories unexpectedly rebounded in July as motor vehicle output surged, but activity continues to be hamstrung by higher borrowing costs. Manufacturing output increased 0.5% last month,…
Industrial output jump gives euro zone growth small boost
FRANKFURT (Reuters) – The euro zone’s vast industrial sector rebounded in June, giving overall growth a small boost to end an otherwise weak quarter on a positive note, data from Eurostat showed…
India’s June industrial output rises at slowest pace in 3 months
By Nikunj Ohri and Shivangi Acharya NEW DELHI (Reuters) -India’s industrial output growth rate slipped to a three-month low of 3.7% year-on-year in June, data from the Ministry of Statistics showed on…
Oil output inches up at top US shale firms, with faster growth elusive
By Arathy Somasekhar HOUSTON (Reuters) – Top U.S. shale oil producers are raising output by pulling more from each well but lack the level of activity to add significant new volumes, a…
OPEC+ ministers keep oil output policy unchanged – sources
LONDON (Reuters) – A panel meeting of the top ministers of OPEC+ has kept oil output policy unchanged on Friday, two OPEC+ sources said. The panel, called the Joint Ministerial Monitoring Committee,…
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