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BP’s profit triples on higher oil prices, output

LONDON: BP’s profit nearly tripled in the first quarter of 2017 from a year earlier, buoyed by rising oil prices and production that hit a five-year high, while debt piled up in order to pay for acquisitions and costs for the 2010 Gulf of Mexico spill. The British oil and gas company joined oil major rivals including Exxon Mobil, Chevron ... Read More »

ArcelorMittal South Africa posts drop in Q3 steel sales, output

JOHANNESBURG: ArcelorMittal South Africa on Tuesday reported a 19.1% drop in steel sales for the three months to end-September as its business was hit by weak demand and cheap imports. The steelmaker, a unit of ArcelorMittal, posted third quarter production of 1.12 million tonnes, a drop of 5.7% compared to the same period a year ago. Sales came in at ... Read More »

Finnish economy output declines 0.5% in May 2015

HELSINKI: Seasonally adjusted output of the national economy decreased by 0.5 per cent in May from the month before, according to Statistics Finland. Adjusted for working days, the output fell by 1.2 per cent from May 2014. Working-day adjusted output fell in April by 0.2 per cent (previously -1.2 per cent) from April 2014, the revised data show. The revision ... Read More »

Finnish Industrial output slides by 5.1% in May 2015

HELSINKI: Working day adjusted change in total industrial output (BCDE) from corresponding month previous year, %, TOL 2008. Source: Volume Index of Industrial Output 2015, May. Statistics Finland. Output of total industries adjusted for working days was 5.1 per cent lower in May 2015 than twelve months earlier, according to Statistics Finland. The industrial output declined by 4.7 per cent ... Read More »

Finland’s Industrial output down by 4% in April 2015

HELSINKI: Working day adjusted change in total industrial output (BCDE) from corresponding month previous year, %, TOL 2008. Source: Volume Index of Industrial Output 2015, April. Statistics Finland. Output of total industries adjusted for working days was four per cent lower in April 2015 than twelve months earlier, according to Statistics Finland. The industrial output declined by 4.3 per cent ... Read More »

Finland’s Industrial output down by 4% in April 2015

HELSINKI: Working day adjusted change in total industrial output (BCDE) from corresponding month previous year, %, TOL 2008. Source: Volume Index of Industrial Output 2015, April. Statistics Finland. Output of total industries adjusted for working days was four per cent lower in April 2015 than twelve months earlier, according to Statistics Finland. The industrial output declined by 4.3 per cent ... Read More »

Greece’s industrial output rises 0.4 pct YoY in April 2015

ATHENS: Greece industrial output rose for the third month in a row in April, increasing by 0.4 percent compared to the same month a year earlier after an upwardly revised 5.3 percent rise in March, statistics service ELSTAT said on Tuesday. Manufacturing production rose 3.5 percent from the same month a year earlier, ELSTAT said. Mining output declined by 2.6 ... Read More »

Canada’s oil producers face decade of slowing growth, output

OTTAWA: Canada’s battered oil producers face a decade of slowing growth and dwindling production, a sharp reversal for an industry once seen as an economic juggernaut. A key industry forecast on Tuesday cut more than one million barrels per day of future production from the sector’s growth trajectory and said investment levels would fall this year by 40 per cent ... Read More »

Greece’s industrial output rises 0.4 pct YoY in April 2015

ATHENS: Greece industrial output rose for the third month in a row in April, increasing by 0.4 percent compared to the same month a year earlier after an upwardly revised 5.3 percent rise in March, statistics service ELSTAT said on Tuesday. Manufacturing production rose 3.5 percent from the same month a year earlier, ELSTAT said. Mining output declined by 2.6 ... Read More »

Hungary’s industrial output climbs 6.3% in April 2015

BUDAPEST: Hungaryʼs industrial output saw a year-on-year increase of 6.3% in April, decelerated from 11.6% in the previous month, the Central Statistics Office (KSH) said in a first reading of data today. The increase was the same when adjusted for the number of workdays, KSH noted. Output increased by 7.6% in the first four months of this year compared to ... Read More »

Hungary’s industrial output climbs 6.3% in April 2015

BUDAPEST: Hungaryʼs industrial output saw a year-on-year increase of 6.3% in April, decelerated from 11.6% in the previous month, the Central Statistics Office (KSH) said in a first reading of data today. The increase was the same when adjusted for the number of workdays, KSH noted. Output increased by 7.6% in the first four months of this year compared to ... Read More »

Hungary’s industrial output rises 11.6% YoY in March 2015

BUDAPEST: The Central Statistical Office (KSH) said that the Hungary’s industrial output grew by an annual 11.6% in March 2015. The working day adjusted index shows output growth of 9% from a year earlier. In a month-on-month comparison, industrial output rose by 2.6% in March. Analysts Vivien Barczel and Gergely Ürmössy of Erste Bank said that the March industrial output ... Read More »

Hungary’s industrial output rises 11.6% YoY in March 2015

BUDAPEST: The Central Statistical Office (KSH) said that the Hungary’s industrial output grew by an annual 11.6% in March 2015. The working day adjusted index shows output growth of 9% from a year earlier. In a month-on-month comparison, industrial output rose by 2.6% in March. Analysts Vivien Barczel and Gergely Ürmössy of Erste Bank said that the March industrial output ... Read More »

Hungary’s industrial output rose 11,6% YoY in march 2015

BUDAPEST: Hungary’s industrial output grew by an annual 11.6% in March, the Central Statistical Office (KSH) said. The working day adjusted index shows output growth of 9% from a year earlier. In a month-on-month comparison, industrial output rose by 2.6% in March. Output growth was driven by vehicle manufacturing, the electronics sector and food industry, KSH statistician Ildikó Mikó said. ... Read More »

Hungary’s industrial output rose 11,6% YoY in march 2015

BUDAPEST: Hungary’s industrial output grew by an annual 11.6% in March, the Central Statistical Office (KSH) said. The working day adjusted index shows output growth of 9% from a year earlier. In a month-on-month comparison, industrial output rose by 2.6% in March. Output growth was driven by vehicle manufacturing, the electronics sector and food industry, KSH statistician Ildikó Mikó said. ... Read More »

Hungary’s industrial output climbs 11.6% in March

BUDAPEST: Hungaryʼs industrial output grew by a year-on-year 11.6% in March and by a month-on-moth 2.6% – while the workday-adjusted index showed a y.o.y. output growth of 9%, the Central Statistics Office (KSH) reported yesterday. Analysts Vivien Barczel and Gergely Ürmössy of Erste Bank told Hungarian news agency MTI that the March industrial output increase was well above expectations, adding ... Read More »

Hungary’s industrial output climbs 11.6% in March

BUDAPEST: Hungaryʼs industrial output grew by a year-on-year 11.6% in March and by a month-on-moth 2.6% – while the workday-adjusted index showed a y.o.y. output growth of 9%, the Central Statistics Office (KSH) reported yesterday. Analysts Vivien Barczel and Gergely Ürmössy of Erste Bank told Hungarian news agency MTI that the March industrial output increase was well above expectations, adding ... Read More »

Finland’s industrial output falls 5.1% in February 2015

HELSINKI: Finland statics shows that the output of total industries adjusted for working days was 5.1 per cent lower year-on-year in February 2015. The industrial output declined by 4.9 per cent in January to February period compared to the corresponding period of the previous year. In January, seasonally adjusted output went down by two per cent. Working day adjusted change ... Read More »

Polish purchasing managers’ index edges down 0.3 points in March

WARSAW: Poland’s purchasing managers’ index PMI inched down by 0.3 points in March. The output and new orders rose at a sharp pace, albeit lower than in the first two months of 2015, with export orders growing faster thanks to a more favorable FX rate, the report reads.Employment in manufacturing rose for the 12th consecutive month. Purchasing activity remained “robust” ... Read More »