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…
UK factory output, orders shrink at fastest pace since 2020-PMI
LONDON – British manufacturing output and new orders declined in July at the fastest rate since May 2020, as factories across Europe struggled with rising costs and slowing demand, a survey showed…
Polish manufacturing slump deepens as output plunges -PMI
WARSAW – The downturn in Polish manufacturing accelerated in July, a survey showed on Monday, as output and new orders fell sharply due to an uncertain economic outlook and high inflation. S&P…
Japan’s July factory activity growth slows as output, new orders contract
TOKYO – Japan’s manufacturing activity expanded at the weakest rate in 10 months in July, as pressure from rising prices and supply disruptions hurt output and new orders, suggesting a solid post-pandemic…
OPEC+ to weigh holding oil output steady or small hike, sources say
By Alex Lawler and Ahmad Ghaddar LONDON – OPEC and its allies will consider keeping oil output unchanged for September when they meet next week, despite calls from the United States for…
Toyota suspends some Japan factory output over COVID outbreak
TOKYO – Toyota Motor Corp has suspended night shift operations at one production line of its Takaoka factory in central Japan because of a COVID-19 outbreak, the company said on Wednesday. The…
Thai factory output unexpectedly dips 0.08% y/y
BANGKOK – Thailand’s manufacturing production index (MPI) in June dropped 0.08% from a year earlier, dragged down by lower production of hard disk drives, plastic pellets and steel, the industry ministry said…
German firms weigh options to save gas, warn may need to cut output
By Victoria Waldersee and Riham Alkousaa BERLIN – German firms are attempting to reduce gas use in response to a government plea to spare reserves, but savings may be limited without production…
Boeing cash flow on investor radar as supply disruptions shackle output
By Abhijith Ganapavaram (Reuters) – Boeing’s cash flow will be the focus on Wednesday when the U.S. planemaker reports results as production snarls limit its ability to take advantage of a rise…
Japan June factory output likely rose first time in 3 months as China lockdown lifted – Reuters poll
TOKYO – Japan’s factory output likely rose in June for the first time in three months after China’s COVID-19 curbs eased, a Reuters poll showed on Friday. Japanese industrial production likely expanded…
China June industrial output rises 3.9%, retail sales up 3.1%
BEIJING – China’s industrial output grew 3.9% in June from a year earlier, quickening from a 0.7% rise in May, official data showed on Friday, as activity began to recover from months…
Biden will push for greater oil output on Mideast trip -Sullivan
By Jeff Mason and Steve Holland WASHINGTON -U.S. President Joe Biden will make the case for greater oil production from OPEC nations to bring down gasoline prices when he meets Gulf leaders…
Brazil’s industrial output rises in May but below estimates
By Gabriel Araujo and Camila Moreira SAO PAULO – Industrial output in Brazil rose 0.3% in May from April, government statistics agency IBGE said on Tuesday, the fourth consecutive monthly increase but…
Chip crunch to cut Stellantis’ Italy 2022 output by up to 220,000 vehicles -union
MILAN – A global crunch in semiconductor supply could cost Stellantis up to 220,000 vehicles this year in terms of lost output in Italy, the FIM CISL union said, adding this would…
OPEC oil output again misses target in June as outages weigh – survey
By Alex Lawler LONDON – OPEC in June did not deliver on an oil output increase pledged under a deal with allies, a Reuters survey on Friday showed, as involuntary declines in…
OPEC+ sticks to oil output policy, avoids debate on September plans
By Maha El Dahan, Alex Lawler and Ahmad Ghaddar LONDON -OPEC+ said on Thursday it would stick to its planned oil output hikes in August but avoided discussing policy from September onwards…
Some Norwegian oil workers to strike from July 5, hitting 4% of oil output
By Gwladys Fouche and Terje Solsvik OSLO -Seventy-four Norwegian offshore oil workers at Equinor’s Gudrun, Oseberg South and Oseberg East platforms will go on strike from July 5, the Lederne trade union…
Singapore May manufacturing output up 13.8% y/y amid chip shortage
SINGAPORE – Singapore’s industrial output in May beat forecasts and grew 13.8% year-on-year, due to strong demand from 5G markets and data centres amid a global semiconductor chip shortage, official data showed…
Japan May factory output seen dipping for 2nd month on China lockdown- Reuters poll
By Kantaro Komiya TOKYO – Japan’s factory output probably fell in May for a second successive month due to supply chain disruptions caused by strict COVID-19 lockdowns in China, a Reuters poll…
Audi to invest $320.2 million to boost electric engine output in Hungary
BUDAPEST – German carmaker Audi’s Hungarian unit will invest 120 billion forints ($320.2 million) to ramp up electric engine production at its factory in western Hungary, Foreign Minister Peter Szijjarto said on…
China May industrial output up 0.7% y/y, retail sales fall 6.7%; better than f’casts
BEIJING – China’s industrial output rose 0.7% in May from a year earlier, picking up from a 2.9% decline in April, official data showed on Wednesday. The figure beat expectations of a…
Italian industry output jump allays recession fears
By Valentina Consiglio and Gavin Jones ROME -Italian industrial output was much stronger than expected in April, rising 1.6% from the month before after a 0.2% gain in March, data showed on…
German industrial output rises smaller-than-expected 0.7% in April
BERLIN – German industrial production recovered but rose less than expected in April as pandemic restrictions and war in Ukraine disrupted supply chains, official data showed on Wednesday. Industrial output rose by…
China EV startups say May sales up, post-lockdown output constrained
(Reuters) – China’s electric vehicle start-ups reported stronger sales for May and forecast continued gains for June as supply chains and output begin to recover from the disruption of COVID-19 lockdowns in…
Saudi Arabia to raise oil production if Russian output falls under sanctions- FT
(Reuters) – Saudi Arabia is prepared to raise its oil production if Russia’s output falls substantially because of the western sanctions imposed on it, the Financial Times reported on Wednesday, citing sources.…
South Korea May factory growth slows as output, export orders shrink – PMI
SEOUL – South Korea’s factory activity growth slowed in May, as output and export orders contracted amid supply-chain disruptions due to China’s COVID-19 lockdown measures, a private-sector survey showed on Thursday. The…
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