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…
Spain’s August industrial output rises 5.5% vs 5.4% in July
(Reuters) – Spain’s seasonally and calendar-adjusted industrial output rose 5.5% year-on-year in August, official data from the country’s National Statistics Institute (INE) showed on Thursday. INE revised up the year-on-year figure for…
U.S. pushing OPEC+ not to cut oil output -source
By Steve Holland WASHINGTON (Reuters) – The United States is pushing OPEC+ nations not to proceed with potential deep oil output cuts, a source familiar with the matter told Reuters, as President…
Aercap CEO says jetmakers will at best reach 90% of output goals
BRUSSELS (Reuters) – Planemakers will at best reach 90% of their production targets because of constraints including the challenges of recruiting and training qualifed staff, the head of the world’s largest aircraft…
UK manufacturing PMI shows falling output, weak foreign demand
LONDON (Reuters) – British manufacturing output fell for a third month in a row in September and orders declined for a fourth consecutive month, hurt by falling foreign demand, according to a…
Greek September factory activity declines, output, new orders fall – PMI
ATHENS (Reuters) – Greek manufacturing activity shrank slightly in September after falls in production and new orders as higher selling prices dampened customer spending and demand, a survey showed on Monday. S&P…
Exclusive: Tesla output forecast shows jump in Q4, growth through 2023 – sources
(Reuters) – Tesla plans to push global production of its top-selling Model Y and Model 3 electric vehicles sharply higher in the fourth quarter and build on that growth in 2023 as…
OPEC+ oil output cut talks narrow to 0.5-1.0 million bpd, sources say
By Alex Lawler and Maha El Dahan LONDON/DUBAI Reuters) – OPEC+ oil producers considering lowering their output target at a meeting on Oct. 5 are focused on a cut of between 500,000…
S.Korea Aug factory output shrinks more than expected, retail sales jump
SEOUL (Reuters) – South Korea’s factory production shrank for a second month in August, missing expectations, while retail sales jumped, government data showed on Friday. The country’s industrial output fell 1.8% on…
U.S. offshore oil output drops as Hurricane Ian takes aim
By Arathy Somasekhar HOUSTON (Reuters) -About 11% of oil production in the U.S. Gulf of Mexico was shut on Tuesday as a powerful Hurricane Ian forced oil companies to evacuate workers and…
Aircraft parts output is being grounded by worker shortages
By Allison Lampert and Rajesh Kumar Singh MONTREAL/CHICAGO (Reuters) – Canada’s Mitchell Aerospace has a booming business – and a shop-floor shortfall that is reverberating from Boeing to Airbus. The Montreal-based supplier…
Analysis: Asian farmers plant to boost palm oil output, seedling shortage slows pace
By Rajendra Jadhav, Mei Mei Chu and Bernadette Christina MUMBAI/KUALA LUMPUR/JAKARTA (Reuters) – Farmers across Asia are busy planting trees to boost palm oil production but nurseries are struggling to keep up…
U.S. manufacturing output ekes out small gain in August
WASHINGTON (Reuters) – Production at U.S. factories edged up in August amid a decline at motor vehicle assembly plants, but gains in the output of machinery as well as computer and electronic…
Spain’s July industrial output rises 5.3% vs 7% in June
(Reuters) – Spain’s seasonally and calendar-adjusted industrial output rose 5.3% year-on-year in July compared to an increase of 7% in June, official data from the country’s National Statistics Institute (INE) showed on…
Spain’s July industrial output rises 5.3% vs 7% in June
(Reuters) – Spain’s seasonally and calendar-adjusted industrial output rose 5.3% year-on-year in July compared to an increase of 7% in June, official data from the country’s National Statistics Institute (INE) showed on…
Canada factory activity shrinks on sagging output, new orders
OTTAWA (Reuters) – Canadian manufacturing activity contracted in August for the first time since the early stages of the COVID-19 pandemic, amid stronger declines in output and new orders, and the first…
U.S. oil output rises 1.7% June to highest since April 2020 -EIA
By Stephanie Kelly NEW YORK (Reuters) -U.S. crude oil production rose in June by 1.7% to its highest since April 2020, according to a monthly report from the U.S. Energy Information Administration…
Exclusive-Iraqi Kurdistan’s oil output could halve without investment – documents
By Amina Ismail and Maha El Dahan ERBIL (Reuters) – Oil production in the Iraqi region of Kurdistan could almost halve by 2027 if there is no new exploration or major investment…
Singapore July manufacturing output up 0.6% y/y, misses forecast
SINGAPORE (Reuters) – Singapore’s industrial output in July grew 0.6% year-on-year, well below forecasts, partly due to a decrease in the output of electronics and biomedical manufacturing, official data showed on Friday.…
Japan’s factory output likely fell back into contraction in July- Reuters poll
TOKYO (Reuters) – Japanese factories likely cut back output in July after the prior month’s near double-digit surge, a Reuters poll showed on Friday, as manufacturers struggled to shake off the drag…
Factbox-Fertiliser-makers cut output on surging gas prices
(Reuters) – Norway’s Yara, one of the world’s largest fertiliser-makers, is cutting ammonia production in Europe further because of the surge in gas prices, following other manufacturers. Below are some of the…
UK factory output falls for first time since Feb 2021 – CBI
LONDON (Reuters) – British industrial output fell over the past three months for the first time since February 2021, adding to signs of an manufacturing slowdown, a survey from the Confederation of…
China’s July daily coal output jumps 16% yr/yr on peak summer demand
SINGAPORE -China’s daily coal output in July surged 16% from a year earlier following Beijing’s call for miners to ensure sufficient supply during the peak summer demand season. The country produced 372.66…
Rosneft says Sakhalin-1 oil, gas project output has not resumed
MOSCOW – Russia accused U.S. energy major ExxonMobil on Thursday of unilaterally stopping oil production at a Pacific joint venture, raising the stakes in a standoff with the western oil company which…
White house says Biden focus is on keeping oil prices down after OPEC+ output increase
WASHINGTON – The Biden administration is focused on keeping oil prices down, the White House said on Wednesday after OPEC+ members decided top raise oil output by 100,000 barrels per day, an…
Russian services sector records fastest output growth in over a year -PMI
MOSCOW – Russia’s services sector expanded in July at its fastest pace in more than a year, a business survey showed on Wednesday, as strong domestic demand outweighed slumping export orders for…
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