Eurozone – Aug Industrial Production
12/10/2018 06:16 pm MYT
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In Aug, industrial production rose 1.0% from the previous month. This was due to a broad-based increase in output from all the major sectors – see table 1. On a year-on-year basis, industrial production rose 0.9% in Aug – see figure 1.

Industrial production rose in Italy and Spain on a month-on-month basis. Year-on-year, output growth accelerated in Spain – see table 2. A trade war would have a serious impact on the export-reliant industrial sector.

 

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Even four months after the Covid-19 pandemic broke out, scientists still do not fully understand the mysterious coronavirus - hence, no cure is in sight. Although an increasing number of countries are relaxing restrictions and reopening their economies, with the threat of the SARS-CoV-2 virus still grave and present, most businesses cannot operate normally and some remain closed. As a result, the retrenchment wave has started, with the SME Association of Malaysia reporting that some companies have already retrenched a third of their staff, with more retrenchments on the way. Meanwhile, the Malaysian Employers Federation, the country’s biggest federation of employers, warned that more than 2 mln people may lose their jobs after Raya.

These are scary numbers with serious repercussions. How does one manoeuvre during this very challenging time? Capital Dynamics invites you to join Tan Teng Boo and team in a lively online discussion on 30 May. Please visit https://specialwebinar.icapital.biz/ to find out how you can participate.
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