via World news | The Guardian — Factories in upbeat mood despite fears over economic impact of US war on Iran, poll finds Business live – latest updates UK manufacturers ramped up production last month for the fourth consecutive month and at the fastest pace in almost two years, according to a leading survey of the industry. The S&P Global poll of manufacturers found them in upbeat mood in July, though anxious about the prospect of a long war in the Middle East that would block supplies of oil and gas, and raise the cost of pr

Russia’s manufacturing sector remained in the red in May, although the pace of decline eased slightly as factories increased production to clear backlogs despite a sharper fall in new orders, according to S&P Global data.

© Reuters. FILE PHOTO: A labourer works at a garment factory in Bangkok, Thailand, May 30, 2016. REUTERS/Athit Perawongmetha/ File Photo The figure compared with a forecast year-on-year rise of 1.65% for June in a Reuters poll, and followed an upwardly revised annual increase of 1.94% in May. With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.

BEIJING (Reuters) -China’s industrial output grew 6.8% year-on-year in June, quickening from the 5.8% pace in May and beating forecasts, but retail sales growth slowed down, official data showed on Tuesday. The industrial output data, released by the National Bureau of Statistics (NBS), beat expectations for a 5.7% increase in a Reuters poll and marked the quickest growth since March. Fixed asset investment expanded 2.8% in the first six months this year from the same period a year earlier, compared with the expectations for a 3.6% rise. It grew 3.7% in the January to May period. With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.

BEIJING (Reuters) -China’s industrial output rose 5.8% year-on-year in May, slowing from the 6.1% pace in April and missing forecasts, but retail sales growth unexpectedly picked up, official data showed on Monday. The industrial output data, released by the National Bureau of Statistics (NBS), missed expectations for a 5.9% increase in a Reuters poll and marked the slowest growth since November last year. Fixed asset investment expanded 3.7% in the first five months this year from the same period a year earlier, compared with the expectations for a 3.9% rise. It grew 4.0% in the January to April period. Which stock should you buy in your very next trade? AI computing powers are changing the stock market. Investing.com's ProPicks AI includes 6 winning stock portfolios chosen by our advanced AI. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. Which stock will be the next to soar?

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Factory output in China grew at a faster rate than expected last month, official data showed on Monday, weathering a brutal trade war with Washington. Industrial production in the export powerhouse grew 6.1% on-year in April, according to figures published by the National Bureau of Statistics (NBS). The reading was higher than the 5.7% forecast in a Bloomberg survey, but still lower than the 7.7% jump recorded for March. “The national economy withstood pressure and grew steadily in April,” the NBS says, acknowledging a “complex situation of increasing external shocks and layered internal difficulties and challenges”. China and the United States (US) last week agreed to slash sweeping tariffs on each other’s goods for 90 days, raising hopes the global economy can avoid a major downturn. In addition to heightened trade tensions, Beijing has also been battling a persistent slump in domestic spending, threatening its official growth target for this year of around 5%. Data on Monday showed retail sales, a key gauge of domestic demand, grew 5.1% year-on-year last month, short of the 5.8% growth forecast by Bloomberg. The reading also marked a slowdown from March’s 5.9% growth. Meanwhile, China’s surveyed unemployment rate edged down slightly to 5.1%, from 5.2% in March, according to the NBS. “Economic activities softened only marginally in April as exports stayed resilient despite higher US tariffs,” Pinpoint Asset Management president and chief economist Zhiwei Zhang wrote in a note. “Now that the tariffs have been cut significantly, I expect exports to remain strong,” Zhang says, adding that “economic momentum in the second quarter will likely be stable”. Adding to woes is a years-long downturn in the once-booming property market, which previously represented a key engine for the country’s economy. April saw the price of new residential properties contract in 67 out of 70 surveyed cities, reflecting continued consumer caution, according to the data. The post China factory output beats forecasts, weathering tariffs appeared first on The Namibian.