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…
AerCap CEO says aircraft makers’ output delays to last years
By Padraic Halpin and Conor Humphries DUBLIN (Reuters) – The world’s largest aircraft lessor AerCap on Monday warned that delivery problems at Boeing and Airbus were likely to last years and that…
China’s 2022 industrial output expected to have grown 3.6% y/y
BEIJING (Reuters) – China’s industrial output is expected to have grown 3.6% in 2022 from the previous year, the Ministry of Industry and Information Technology (MIIT) said on Wednesday, despite production and…
Spain’s November industrial output falls 1.1% year-on-year
(Reuters) – Spain’s seasonally and calendar-adjusted industrial output fell 1.1% year-on-year in November, official data from the country’s National Statistics Institute (INE) showed on Wednesday. Industrial output in November was 3.2% lower…
Around 40% of German companies expect output decline in 2023 – IW institute
BERLIN (Reuters) – Four out of ten German companies expect business to shrink in 2023, a survey by the German Economic Institute (IW) showed on Monday, blaming high energy costs, supply chain…
Japan’s output gap closes in positive sign for economy, BOJ
By Leika Kihara TOKYO (Reuters) – Japan’s economic output recovered to near its full capacity for the first time in nearly three years, data showed on Friday, a sign the world’s third-largest…
Spanish manufacturing output down for 6th straight month in Dec -PMI
MADRID (Reuters) – Factory activity in Spain shrank for the sixth month in a row in December, albeit at a slower pace than the previous month as easing inflation and stronger business…
Japan Nov factory output likely down for 3rd month on global demand woes- Reuters poll
TOKYO (Reuters) – Output at Japanese factories likely declined for a third month in November, according to economists in a Reuters poll, as shrinking global demand took a toll on electronics and…
Japan warns of China’s COVID situation, cuts view on factory output
TOKYO (Reuters) – Japan will pay close attention to the COVID-19 situation in China, in addition to risks from a global economic slowdown, price hikes and supply constraints, according to its monthly…
UK factory output and export orders sag in December: CBI
LONDON (Reuters) – British factories’ output and export orders slid this month, according to a survey on Monday that underlined the troubles faced by the manufacturing sector, including high inflation and a…
Analysis-Bumper green aluminium output is good news for carmakers, and climate
By Eric Onstad LONDON (Reuters) – Aluminium makers are set to boost low-carbon metal output by 10% in 2023 and churn out even more in the years ahead, driving down the cost…
China’s economic output to exceed 120 trln yuan in 2022 -party official
SHANGHAI (Reuters) – China’s economic output is likely to exceed 120 trillion yuan ($17.2 trillion) this year, state media quoted a senior Chinese Communist Party official as saying on Saturday. COVID-induced disruptions,…
U.S. manufacturing output dragged down by motor vehicle weakness
WASHINGTON (Reuters) – Production at U.S. factories dropped more than expected in November as a decline in the output of motor vehicles offset gains elsewhere, according to data on Thursday, which showed…
EDF’s nuclear reactors will struggle to reach 400 TWH annual output levels again
PARIS (Reuters) – France’s nuclear fleet will struggle to reach previous annual output levels of 400 terrawatt hours over the years to come, the head of the country’s power grid operator RTE…
Italy October industry output falls more than expected for second month running
ROME, Dec 13 (Reuters) – Italian industrial output fell more than expected in October after plunging the month before, data showed on Tuesday getting the fourth quarter off to a bad start…
Greek industrial output drops 2.5% y/y in October
ATHENS (Reuters) – Greek industrial output dropped 2.5% in October compared to the same month a year earlier after a downwardly revised 1.2% decline in September, data from statistics service ELSTAT showed…
Greek industrial output drops 2.5% y/y in October
ATHENS (Reuters) – Greek industrial output dropped 2.5% in October compared to the same month a year earlier after a downwardly revised 1.2% decline in September, data from statistics service ELSTAT showed…
German industrial output falls less than expected in October
BERLIN (Reuters) – German industrial production fell less than expected in October, official data showed on Wednesday, in part dragged down by a decrease in production in energy-intensive industrial sectors. Industrial output…
Mercedes to double electric motor output at Untertuerkheim – WiWo
BERLIN (Reuters) – Mercedes-Benz is to double production capacity for electric motors to 1 million units at its Untertuerkheim plant, which has traditionally focused on combustion engines, WirtschaftsWoche magazine reported on Tuesday.…
Tesla China denies media reports of output cut at Shanghai plant
SHANGHAI (Reuters) – Tesla on Monday said media reports which said its plant in Shanghai would cut December output of its Model Y were “untrue”. Reuters on Monday reported Model Y output…
Brazil industrial output rises in October but near-term outlook remains cloudy
SAO PAULO (Reuters) – Industrial production in Brazil rose 0.3% in October from September, government statistics agency IBGE said on Friday, returning to positive territory after two consecutive monthly declines though still…
OPEC oil output drops in November after cut pledged -survey
By Alex Lawler LONDON (Reuters) – OPEC oil output has fallen in November, led by top exporter Saudi Arabia and other Gulf members, after the wider OPEC+ alliance pledged steep output cuts…
South Korea Oct factory output drops at fastest pace since May 2020
SEOUL (Reuters) – South Korea’s factory output dropped in October by more than expected and at the fastest pace in nearly 2-1/2 years, government data showed on Wednesday, amid weakening demand due…
Japan factory output seen down for second month in sign of patchy recovery- Reuters poll
By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s factory output likely fell for a second straight month in October, while retail sales probably grew at the fastest pace since May 2021, according to…
German 2022 industry output to rise slightly, 2023 looks gloomy – BDI
BERLIN (Reuters) – German industrial production is on track to rise slightly this year thanks to order backlogs but the outlook for 2023 is gloomy as high energy prices and geopolitical uncertainties…
Petro-Logistics says OPEC appears to be making oil output cut
By Alex Lawler LONDON (Reuters) – Crude oil exports by OPEC have fallen significantly so far this month, leading tanker-tracker Petro-Logistics said on Wednesday, suggesting members are delivering on their share of…
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