UK manufacturing output falls 1.2 percent in March-May quarter, dampens hopes of recovery

October 12th, 2009 NEW DELHI - India's industrial recovery is well on track and the manufacturing output would expand by 7.5-8 percent this fiscal, a key economic adviser of the government said here Monday. "I think that the industrial production number clearly indicates that industrial recovery is well on the way," Prime Minister's Economic Advisory Committee Chairman C.

August 31st, 2009 NEW DELHI - India registered a 6.1 percent economic growth during the first quarter of this fiscal (April-June), even as the manufacturing sector's output expanded by a relatively lower rate of 3.4 percent, official statistics said Monday. The farm sector registered a 2.4 percent growth during the period under review, while services industries logged the maximum expansion of over 8 percent, showed the data on national income released by the Central Statistical Organisation (CSO).

August 31st, 2009 India's economic growth accelerates to 6.1 percentMUMBAI, India — India's economy picked up pace in the latest quarter as government spending helped to overcome the worst of the global downturn but drought threatens to stall the recovery. Growth in gross domestic product accelerated to 6.1 percent from a year earlier in the April-June quarter from 5.8 percent in the previous quarter, the government's Central Statistical Organisation said Monday.

August 11th, 2009 Singapore Q2 GDP jumps revised 20.7 percentSINGAPORE — Singapore revised slightly higher its economic growth in the second quarter, but warned U.S. consumption must pick up to sustain the recovery.

July 24th, 2009 UK economy falls in Q2, dashing recovery hopesLONDON — The British economy contracted by twice as much as economists had forecast in the second quarter, leaving it mired in recession and dashing recent hopes of an imminent recovery as premature. Official figures released on Friday showed that the economy shrank by 0.8 percent between April and June amid a record fall in manufacturing output and declines in financial services.

July 10th, 2009 NEW DELHI - India's industrial production registered 2.7 percent growth in May - the highest since September last year - signalling economic recovery, fresh data showed Friday. The index of industrial production (IIP) had expanded by 1.4 percent in April, signalling the early signs of recovery.

July 7th, 2009 German iron, steel output falls 45 percentFRANKFURT — German iron and steel output for June fell sharply as the world recession continued to cut into demand for the country's machinery and car exports, the Federal Statistical Office reported Tuesday. The Wiesbaden-based office said Germany's producers made 1.44 million metric tons (1.59 US tons) of iron for the month, a 45 percent decline over the same month last year, while they made 2.5 million metric tons (2.76 US tons) of steel, a 41 percent decline.

June 12th, 2009 NEW DELHI - India's industrial output grew 1.4 percent in April as against a decline of 0.75 percent in March, in what analysts said can be taken as early signs of recovery. Data on index of industrial production (IIP) released by the commerce ministry Friday showed that the growth also came after two successive months of decline and was led mainly by a 7.1 percent increase in electricity generation.

June 1st, 2009 Britain's manufacturing recession eased in MayLONDON — The recession in Britain's manufacturing sector eased for the third month running in May, a closely-watched survey found Monday, stoking hopes that the wider economy may start to recover in the second half of the year. In its monthly survey of the sector, the Chartered Institute of Purchasing and Supply said its purchasing managers index — a broad gauge of activity — rose for the third month running to 45.4 in May from 43.1 in April.

May 13th, 2009 China retail sales jump, industrial output slowsSHANGHAI — Resilient demand from Chinese shoppers helped push retail sales up 14.8 percent in April, but a paltry rise in industrial output sapped hopes for a fast recovery. The mixed signals were typical of the data for April, when exports plunged while investment soared — casting doubt on claims the economy is poised for a return to faster growth in the second half of the year, as many economists forecast.

May 12th, 2009 NEW DELHI - India's industrial output fell for the third consecutive month in March by a steep 2.3 percent compared to the corresponding month last year, according to government data released Tuesday. This was the third fall in four months.

May 12th, 2009 NEW DELHI - India's industrial output fell for the third consecutive time in four months in March by a steep 2.3 percent compared to the same month last year, according to data released by the government Tuesday. Production in the manufacturing sector declined 3.3 percent during the month under review from the year earlier.

April 30th, 2009 Singapore unemployment jumps to 3.2 percentSINGAPORE — The number of jobless Singaporeans jumped in the first quarter to its highest since 2005 as a slump in global trade pummeled the city-state's exports and sparked manufacturing layoffs. The unemployment rate rose to a seasonally adjusted 3.2 percent in March from 2.5 percent in December and 1.9 percent in March 2008, Singapore's Manpower Ministry said in a statement Thursday.

April 21st, 2009 Mexico oil output falls 4.5 pct in first quarterMEXICO CITY — First-quarter oil output at Mexico's state-owned oil company has dropped 4.5 percent from the same period last year to average 2.67 million barrels a day. Petroleos Mexicanos, known as Pemex, says oil exports fell 9.4 percent to 1.28 million barrels a day in the same quarter.

April 9th, 2009 NEW DELHI - India's industrial output fell 1.2 percent in February against a growth of 9.5 percent in the like month of last fiscal, while the provisional drop reported for January has been revised now to a marginal growth of 0.39 percent. As per data on index for industrial production (IIP) released Thursday, manufacturing output, which accounts for the bulk of the weight in the overall index, declined 1.4 percent in February, against 9.6 percent growth in the like month of last year.