-
South Africa Mining, Manufacturing Exceed Forecasts in October
South African mining and manufacturing production rose by more than expected in October in rare positive news for an economy battling shortcomings at its state-run power and logistics utilities. Mining production climbed 3.9% October from a year earlier after shrinking 1.9% in September. That beat forecasts for a 1.2% gain, according to the median estimate of six economists surveyed by Bloomberg. The advance was led by a 16.9% jump in production of platinum group metals. The upsurge “sets a favorable starting point for the final quarter of this year and lowers the odds of an economic recession,” Jee-A van der ... (full story)
- Comments
- Subscribe
-
- Older Stories
From bnnbloomberg.ca|Dec 12, 2023US consumer prices picked up in November, reinforcing the Federal Reserve’s resolve to keep interest rates elevated in the near term. The so-called core consumer price index, ...
From bnnbloomberg.ca|Dec 12, 2023Commerce Secretary Gina Raimondo said the US is looking into the specifics of three new artificial intelligence accelerators that Nvidia Corp. is developing for China, after ...
From channelnewsasia.com|Dec 12, 2023Global miner Rio Tinto is optimistic about China's economic growth potential and will stick to its long-term strategy there, its chairman, Dominic Barton, said after a rare ...
-
- Newer Stories
From eastasiaforum.org|Dec 12, 2023Though geared mainly at domestic outcomes, the rise of industrial policy in the United States is affecting global supply chains, especially in Asia. To the extent that they boost ...
From bnnbloomberg.ca|Dec 12, 2023The US Treasury and State Departments sanctioned more than 250 companies and individuals in China, Turkey and the United Arab Emirates, alleging that their continuing support for ...
From brecorder.com|Dec 12, 2023China’s steel output is expected to rise for the first year in three in 2023 as a soft domestic property sector is compensated by strong vehicle manufacturing and rising exports. ...
- Story Stats
- Posted: Dec 12, 2023 11:09am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 327
- Linked event:
