India's economic gloom deepened yesterday with a surprise contraction in industrial output, a fall in exports and a jump in the trade deficit, underscoring the enormity of challenges awaiting a new government that takes over in May.
Asian factory output remained weak in December, with Chinese manufacturers narrowly avoiding contraction and South Korea's industrial production shrinking the most in almost three years, while Europe data this week is expected to point to a re
China's factory sector contracted for a third consecutive month in September as flagging overseas demand put the brakes on new orders, HSBC's China Flash PMI showed on Thursday.
The continued deceleration in the va
China's factory output surged for a fourth month in July, data showed on Monday, while two of Britain's biggest banks emerged from a year of financial turmoil in profit but damaged by bad debts of a combined $21 billion.
China's factory output growth slowed in April, providing fresh evidence a day after poor export data that recovery in the world's third-largest economy is not yet on a rock-solid footing.
But the pace of retail sales growth surprisingly ac
China's industrial output growth slowed to 14.7 percent in the year to July, a 19-month low, as manufacturers struggled with weakening export demand and rising input costs.
The pace of production was well down from June's rate of 16.0 perc