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…
India’s Sept industrial output rose 3.1% y/y – govt
NEW DELHI (Reuters) – India’s annual industrial output rose 3.1% year-on-year in September, government data showed on Friday. Analysts polled by Reuters had expected a rise of 2% in September. (Reporting by…
Cuba cuts plans to export sugar with output expected to stagnate
By Marc Frank HAVANA (Reuters) – Cuba kicks off the country´s annual sugar harvest this month, but experts and state officials say the crisis-racked Caribbean island will struggle to produce enough of…
OPEC oil output falls by 20,000 bpd in October -Reuters survey
ABU DHABI (Reuters) – The following table shows crude output by the Organization of the Petroleum Exporting Countries (OPEC) in millions of barrels per day (bpd) in October and September, according to…
China’s Oct factory activity shrinks as COVID curbs hit output, demand – Caixin PMI
BEIJING (Reuters) – China’s factory activity weakened in October as protracted COVID-19 restrictions disrupted production and subdued demand, a private-sector survey showed on Tuesday, suggesting a weaker economic recovery in the fourth…
World wine output dips slightly after year of torrid weather
PARIS (Reuters) – World wine production in 2022 is expected to dip slightly below last year’s level, with a better than anticipated volume in drought-hit Europe mostly offsetting a forecast drop in…
Glencore cuts zinc output guidance after production drops 18% in nine months
LONDON (Reuters) – Glencore produced 18% less zinc in the first nine months compared with the same period a year before, the company said on Friday as it trimmed its full-year output…
Toyota lowers 2022 output target to 9.5 million units, it tells suppliers -sources
By Maki Shiraki TOKYO (Reuters) – Toyota Motor Corp has told several of its suppliers it has lowered its global production target for the year to 9.5 million units, two people familiar…
Britain’s car output drops 6% as supply woes persist
(Reuters) – British car production dropped 6% in September, an industry body said on Thursday, as the sector continues to bear the brunt of high energy costs, supply-chain snags and component shortages.…
Toyota considers sharp boost in output of first EV, but not before 2025, sources say
By Maki Shiraki TOKYO (Reuters) -Toyota is considering a sharp increase in production of its first mass-market battery-electric vehicle from 2025, according to three people with knowledge of the developing plans, ramping…
China’s Q3 pork output growth slows as farmers reduce breeding herds
BEIJING (Reuters) – China’s third-quarter pork output reached 12.11 million tonnes, up by less than 1% year-on-year, official data showed on Monday, highlighting the impact on production after farmers recorded huge losses…
China Sept industrial output growth beats forecast
BEIJING (Reuters) – China’s industrial output in September rose 6.3% from a year earlier, better than 4.2% growth in August, official data showed on Monday, pointing to a sustained recovery from COVID-19…
U.S. factory output solid in September; builder sentiment slumps further
By Dan Burns (Reuters) – Production at U.S. factories rose in September led by output gains in both durable and nondurable goods, indicating the manufacturing sector remains on reasonable footing despite the…
UAE says OPEC+ output cut was correct decision, no politics behind it
By Maha El Dahan ABU DHABI (Reuters) -The United Arab Emirates believes OPEC+ made the correct technical choice when it agreed to cut production targets and the unanimous decision had nothing to…
U.S. manufacturing output rises more than expected in September
(Reuters) – Production at U.S. factories rose in September led by output gains in both durable and nondurable goods, indicating the manufacturing sector remains on reasonable footing despite the Federal Reserve’s efforts…
Stellantis output in Italy to fall in 2022 for a fifth year, union says
MILAN (Reuters) – Carmaker Stellantis is expected to see its vehicle production in Italy fall for a fifth year in a row in 2022, mainly due to stoppages caused by a prolonged…
Japan’s Oct-Dec crude steel output forecast to slip
By Yuka Obayashi and Kantaro Komiya TOKYO (Reuters) -Japan’s crude steel output is expected to fall for a fourth consecutive quarter in the last three months of the year, due to a…
Airbus CEO says 2022 deliveries may affect later output
By Tim Hepher LONDON (Reuters) – The head of European planemaker Airbus on Wednesday reaffirmed a target of delivering a total of 700 aircraft in 2022 – a task he said was…
U.S. EIA sees slower oil demand, output growth this year and next
(Reuters) – U.S. oil demand and production is expected to grow more slowly than previously forecast for the remainder of this year and in 2023, the U.S. Energy Department said on Wednesday.…
India’s August industrial output fell for the first time 18 months
NEW DELHI (Reuters) -India’s industrial output unexpectedly fell year-on-year in August for the first time in 18 months, as heavy rains dampened mining and construction activity while a drop in manufacturing indicated…
Turkish factory output rises 1% yr-on-yr in August
ISTANBUL (Reuters) – Turkish industrial production expanded 1% year-on-year in August, data showed on Wednesday, extending its rise for a 26th consecutive month against a background of surging inflation and lira weakness.…
Italy industry output posts surprise jump in August
ROME, Oct 11 (Reuters) – Italian seasonally and workday-adjusted industrial output was much stronger than expected in August, jumping 2.3% from the month before, but the three month rolling average remained negative,…
Greek industrial output rises 3.9% y/y in August
ATHENS (Reuters) – Greek industrial output rose 3.9% in August compared to the same month a year earlier after a downwardly revised 6.5% increase in July, data from statistics service ELSTAT showed…
French wine output to rise 18% after early harvest – ministry
PARIS (Reuters) – Wine production in France this year should reach 44.6 million hectolitres, 18% above last year’s frost-ravaged output, the farm ministry said on Friday as harvesting that started early due…
German retail sales, industrial output fall as inflation tightens grip
BERLIN (Reuters) – Data on Friday showed inflation’s tightening stranglehold on the German economy, with a surge in import prices and falls in industrial output and retail sales adding to signs that…
German industrial output declines in August
BERLIN (Reuters) – German industrial production contracted in August, official data showed on Friday, as supply bottlenecks remain due to ongoing pandemic-related distortions and the war in Ukraine. Industrial output fell by…
Breaking News
