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US industrial output jumps in July on solid manufacturing gain
US industrial output jumps in July on solid manufacturing gain
by  AFP

A solid rebound in American manufacturing, especially vehicles, following two months of declines, help push overall industrial production up in July, the Federal Reserve said Tuesday. Overall production was 3.9 percent higher compared to July 2021, while manufacturing has risen 3.2 percent, the report said.

China factories ration power as heatwave sends demand soaring
China factories ration power as heatwave sends demand soaring
by  AFP

Chinese lithium hub Sichuan province will ration electricity supply to factories until Saturday, state media reported, as a heatwave sends power demands soaring and dries up reservoirs. Provinces including Zhejiang, Jiangsu and Anhui that rely on power from western China have also issued electricity curbs for industrial users to ensure homes had enough power, according to local media reports.

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