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…
Japan cuts view on industrial output, vigilant on market volatility
TOKYO (Reuters) – Japan’s government cut its assessment of the strength of industrial production for the first time in three months in March, pointing to weakening demand in the global semiconductor industry.…
China coal output up 5.8% in Jan-Feb as new capacity comes online
BEIJING (Reuters) – China’s coal output rose by 5.8% in the first two months of 2023 from the same period a year earlier, government data showed on Wednesday, as new mining capacity…
China Jan-Feb refinery output up 3.3% on fuel policy, demand recovery
(Reuters) – Chinese refineries processed 3.3% more crude oil in the first two months of 2023 compared with a year earlier, data showed on Wednesday, spurred by fuel export policy and as…
China Jan-Feb crude steel output up 5.6 % on yr – stats bureau
BEIJING (Reuters) – China’s crude steel output in the first two months of 2023 rose 5.6% from a year earlier, official data showed on Wednesday, as many domestic steel mills ramped up…
Barclays cuts 2023 oil price forecasts on resilient Russian output
(Reuters) – Barclays cut its 2023 oil price forecasts on Wednesday, due in part to more resilient output from Russia than expected, and said the market could flip into a deficit in…
UAE’s non-oil business activity picks up in Feb on output growth-PMI
DUBAI (Reuters) – Growth in the United Arab Emirates’ (UAE) non-oil private sector in February accelerated slightly from the previous month, supported by a pick up in output growth, although the overall…
Euro zone factory output returned to growth in February -PMI
LONDON (Reuters) – Overall activity in the euro zone’s manufacturing sector contracted again in February but output increased for the first time since May as supply chains continued to heal, a survey…
Spanish factory output expands in Feb for first time since June 2022 -PMI
MADRID (Reuters) – Factory activity in Spain expanded in February for the first time since June as demand started to improve, boosting confidence about the business outlook, a survey showed on Wednesday.…
Chevron’s output gains in Venezuela limited by political risk, CEO says
By Sabrina Valle HOUSTON (Reuters) – Chevron Corp is producing about 90,000 barrels per day from its Venezuelan oil joint ventures, nearly double the daily output in 2022, Chief Executive Officer Michael…
India’s Jan infrastructure output grows 7.8% y/y, fastest in four months
By Shivangi Acharya NEW DELHI (Reuters) – India’s infrastructure output expanded 7.8% year-on-year in January, its fastest pace in four months, driven by a surge in fertiliser, coal and electricity output, government…
Vietnam’s factory output rises in February, exports up 11%
HANOI (Reuters) – Vietnam’s exports rose 11% in February from a year earlier, and the country’s industrial output increased 3.6% in the same month, according to data released by the country’s statistics…
Raytheon says can support mid-50 Airbus A320 output, backs Boeing target
By Abhijith Ganapavaram (Reuters) – Aerospace giant Raytheon Technologies Corp can support a monthly production rate in the mid-50s range for Airbus SE’s A320 aircraft this year, a target that appears slightly…
Safran CEO says supply chain will drive jet output hike
PARIS (Reuters) – French jet engine maker Safran on Friday backed plans by Airbus to raise its core single-aisle production above 65 jets a month, but warned that fragile global supply chains…
China takes top spot in global refining capacity but output lags U.S.
BEIJING (Reuters) – China’s oil refining capacity overtook the United States as the world’s largest in 2022, an industry official said on Thursday, though its production of fuel products lagged the United…
Struggling aerospace suppliers may not be able to support jet output hikes – survey
(Reuters) – Meeting Boeing Co and Airbus SE’s planned jet output hikes this year will not be a “slam dunk” for the aerospace supply chain, a Morgan Stanley survey of 80 suppliers…
U.S. manufacturing output surges in January
WASHINGTON (Reuters) – Production at U.S. factories rebounded in January, but output in the prior month was much weaker than initially thought amid higher borrowing costs that are hurting the manufacturing sector.…
India’s industrial output rose 4.3% y/y in December
NEW DELHI (Reuters) -India’s industrial output in December rose 4.3% year on year, data from the Ministry of Statistics showed on Friday. That was lower than the 4.5% expected by analysts polled…
Airbus urges suppliers to carry extra stocks amid output snags
By Valerie Insinna SEATTLE (Reuters) – Airbus laid down the law to its stretched supply chain on Wednesday, with a senior U.S. executive reminding contractors to meet timing and quality targets and…
Japan’s Subaru cuts annual output target as chip shortage drags on
TOKYO (Reuters) – Japan’s Subaru Corp slashed its annual output target by nearly 10% on Wednesday amid ongoing fallout from a semiconductor shortage that continues to hamper automakers around the world. The…
U.S. refiners throttle back Q1 output after record 2022 runs
By Erwin Seba HOUSTON (Reuters) – U.S. oil refiners are dialing back operating runs this quarter after sky-high utilization rates last year, and aim to operate at between 85% and 89% of…
Exclusive-Tesla to raise Shanghai output after price cuts stoke demand -memo
SHANGHAI (Reuters) – Tesla plans to step up output at its Shanghai plant over the next two months to meet demand ignited by aggressive price cuts on its best-selling models, according to…
Spanish factory output slides for 7th straight month in Jan -PMI
MADRID (Reuters) – Factory activity in Spain kept on shrinking in January even though inflationary pressures eased and business confidence strengthened, a survey showed on Wednesday. S&P Global’s Purchasing Managers’ Index (PMI)…
U.S. manufacturing output tumbles in December
WASHINGTON (Reuters) – Production at U.S. factories fell more than expected in December and output in the prior month was weaker than previously thought, indicating that manufacturing was rapidly losing momentum as…
Barrick set to report highest quarterly gold output for 2022
(Reuters) -Canadian miner Barrick Gold Corp on Tuesday reported a 13.4% sequential rise in gold production in what could be its highest quarterly output last year, driven by strong performances from its…
China Dec industrial output up 1.3%, retail sales down 1.8%
BEIJING (Reuters) – China’s industrial output grew at a modest 1.3% pace last month year-on-year, official data showed on Tuesday, easing from a 2.2% rise in November, as manufacturing activity was hit…
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