Industrial output in Shanghai dropped 7.5% in March, city official says

Industrial output in Shanghai dropped 7.5% in March, city official says


A worker works at a production line in Qingpu district of east China’s Shanghai 211027. Industrial output in the city dropped by 7.5% year-on-year after stringent lockdown measures halted production in some factories, the city’s official said on Friday.

Ding Ting | Xinhua News Agency | Getty Images

Industrial output in Shanghai, China’s financial hub, dropped by 7.5% year-on-year after stringent lockdown measures halted production in some factories, the city’s official said on Friday.

“The latest virus outbreak has greatly impacted the city’s industrial activities, leading to March’s output being down 7.5% year-on-year,” Wu Jincheng, chairman of Shanghai’s economic planner, said at a press conference on Friday.

The city’s industrial output growth in the first quarter slowed to 4.8%, Wu said. There were no comparative data on fourth quarter of 2021 or year-on-year figures.



Source

Fighter jet maker Saab pops 12% on profit beat amid European defense splurge
World

Fighter jet maker Saab pops 12% on profit beat amid European defense splurge

A Swedish Air Force Saab JAS 39 Gripen jetfighter takes part in the NATO exercise as part of the NATO Air Policing mission, in Alliance members’ sovereign airspace on July 4, 2023. John Thys | Afp | Getty Images Shares of Swedish defense giant Saab jumped on Friday morning, after the company reported stronger-than-expected profit and sales […]

Read More
European shares tick higher as earnings hold the spotlight
World

European shares tick higher as earnings hold the spotlight

Saab shares pop 10% Shares of Saab were last seen trading 10% higher, after the company reported stronger-than-expected profit and sales growth for the second quarter. — Chloe Taylor European shares open higher The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 7, 2025. Staff | Reuters […]

Read More
Investing in Space: The market’s taking off
World

Investing in Space: The market’s taking off

Digital generated image of a futuristic financial dashboard with holographic displays of various stock market graphs and data visualizations. The scene includes detailed graphs with line and bar charts, real-time data feeds, and transparent screens, indicating a high-tech, data-driven environment suitable for financial analysis and trading. Eugene Mymrin | Moment | Getty Images CNBC’s Investing […]

Read More