US manufacturing output dips in April

Production at U.S. factories unexpectedly fell in April amid a decline in motor vehicle output, data showed on Thursday. Manufacturing output dropped 0.3% last month following a downwardly revised 0.2% increase in March, the Federal Reserve said. Economists polled by Reuters had forecast factory output rising 0.1% after a previously reported 0.5% advance in March. Production […]

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China’s April industrial output rises 6.7%

China’s industrial output grew 6.7 per cent year-on–year in April, accelerating from the 4.5 per cent pace seen in March, as the recovery in the manufacturing sector gathered pace. The official data released on Friday by the National Bureau of Statistics (NBS) came above a 5.5 per cent increase in a Reuters’ poll of analysts. However, […]

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