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May

  •   The National Information Technology Development Agency NITDA had published 1 213 companies as the Nigerian Data Protection Regulation NDPR list of organizations that comply with the submission of audits Hadiza Umar the agency s director of Cooperation Affairs and External Relations said this on Friday in a statement issued in Abuja He said the list was an authoritative repository of organizations that had prioritized compliance with the NDPR and had become a point of reference for law firms multinationals investors and compliance enthusiasts The list indicates those organizations that have undergone the NDPR Audit process to determine their level of compliance and identify areas for improvement All of the organizations listed have contracted with a Data Protection Compliance Organization DPCO to train their staff and implement basic data protection protocols The list comprises 1 213 organizations from 13 sectors that contribute to Nigeria s Gross Domestic Product said Ms Umar The sectors included Health Transportation and Logistics Public Sector Industrial and Extractive ICT and Media Energy and Energy Education Finance Commerce and Consulting Organizations also included Crown Flour Mills Ltd Dangote Flour Mills PLC Olam Nigeria Ltd Farm Crowdy Ltd Julius Berger Companies and Landmark Africa Others are Vitafoam Nigeria PLC Coca Cola Nigeria Ltd JMG Ltd MAY amp BAKER Nigeria PLC Dufil Prima Foods PLC OK Foods Ltd among others Umar indicated that the full list was posted on the NITDA website and can be accessed through this link https nitda gov ng official ndpr audit list 2021 The NDPR was established on January 25 2019 in accordance with the NITDA Law for the protection of data and privacy of citizens among other requirements YAYA
    1,213 firms make NITDA’s 2020, 2021 data protection list
      The National Information Technology Development Agency NITDA had published 1 213 companies as the Nigerian Data Protection Regulation NDPR list of organizations that comply with the submission of audits Hadiza Umar the agency s director of Cooperation Affairs and External Relations said this on Friday in a statement issued in Abuja He said the list was an authoritative repository of organizations that had prioritized compliance with the NDPR and had become a point of reference for law firms multinationals investors and compliance enthusiasts The list indicates those organizations that have undergone the NDPR Audit process to determine their level of compliance and identify areas for improvement All of the organizations listed have contracted with a Data Protection Compliance Organization DPCO to train their staff and implement basic data protection protocols The list comprises 1 213 organizations from 13 sectors that contribute to Nigeria s Gross Domestic Product said Ms Umar The sectors included Health Transportation and Logistics Public Sector Industrial and Extractive ICT and Media Energy and Energy Education Finance Commerce and Consulting Organizations also included Crown Flour Mills Ltd Dangote Flour Mills PLC Olam Nigeria Ltd Farm Crowdy Ltd Julius Berger Companies and Landmark Africa Others are Vitafoam Nigeria PLC Coca Cola Nigeria Ltd JMG Ltd MAY amp BAKER Nigeria PLC Dufil Prima Foods PLC OK Foods Ltd among others Umar indicated that the full list was posted on the NITDA website and can be accessed through this link https nitda gov ng official ndpr audit list 2021 The NDPR was established on January 25 2019 in accordance with the NITDA Law for the protection of data and privacy of citizens among other requirements YAYA
    1,213 firms make NITDA’s 2020, 2021 data protection list
    Headlines9 months ago

    1,213 firms make NITDA’s 2020, 2021 data protection list

    The National Information Technology Development Agency, NITDA, had published 1,213 companies as the Nigerian Data Protection Regulation, NDPR, list of organizations that comply with the submission of audits.

    Hadiza Umar, the agency's director of Cooperation Affairs and External Relations, said this on Friday in a statement issued in Abuja.

    He said the list was an authoritative repository of organizations that had prioritized compliance with the NDPR and had become a point of reference for law firms, multinationals, investors and compliance enthusiasts.

    “The list indicates those organizations that have undergone the NDPR Audit process to determine their level of compliance and identify areas for improvement.

    “All of the organizations listed have contracted with a Data Protection Compliance Organization (DPCO) to train their staff and implement basic data protection protocols.

    "The list comprises 1,213 organizations from 13 sectors that contribute to Nigeria's Gross Domestic Product," said Ms Umar.

    The sectors included Health, Transportation and Logistics, Public Sector, Industrial and Extractive, ICT and Media, Energy and Energy, Education, Finance, Commerce and Consulting.

    Organizations also included Crown Flour Mills Ltd, Dangote Flour Mills PLC, Olam Nigeria Ltd, Farm Crowdy Ltd, Julius Berger Companies, and Landmark Africa.

    Others are Vitafoam Nigeria PLC, Coca-Cola Nigeria Ltd, JMG Ltd, MAY & BAKER Nigeria PLC, Dufil Prima Foods PLC, OK Foods Ltd, among others.

    Umar indicated that the full list was posted on the NITDA website and can be accessed through this link https://nitda.gov.ng/official-ndpr-audit-list-2021/.

    The NDPR was established on January 25, 2019 in accordance with the NITDA Law for the protection of data and privacy of citizens, among other requirements.

    YAYA

  •  The inflation rate in Germany declined to 0 6 percent in May the Federal Statistical Office Destatis announced on Tuesday The inflation rate decreased for the third consecutive month Destatis noted Back in February the inflation rate in Germany had been more than one percentage point higher at 1 7 percent The decline in inflation was caused by lower energy prices Axel Lindner deputy head of the department of macroeconomics at the Halle Institute for Economic Research IWH told Xinhua on Tuesday Crude oil prices were nearly 60 percent lower than a year ago The prices of goods total in Germany decreased by 0 4 percent in May compared to the same month last year but the price drop in energy products had accelerated to 8 5 percent according to Destatis Due to the oil price slump in the world market since the beginning of the year the prices of motor fuels declined by more than 20 percent while prices of heating oil even dropped by around 30 percent year on year Destatis noted Food prices in May on the other hand rose above average and increased 4 5 percent year on year Destatis noted that German consumers paid higher prices in particular for fruits and meat Since the COVID 19 pandemic increases the costs of production for many goods we think that the risk of deflation is small stressed Lindner That said the current oil price of about 40 United States dollars per barrel Brent means that headline inflation rates will stay at low levels in Germany for the coming months XINHUA
    Inflation rate in Germany down to 0.6 pct in May
     The inflation rate in Germany declined to 0 6 percent in May the Federal Statistical Office Destatis announced on Tuesday The inflation rate decreased for the third consecutive month Destatis noted Back in February the inflation rate in Germany had been more than one percentage point higher at 1 7 percent The decline in inflation was caused by lower energy prices Axel Lindner deputy head of the department of macroeconomics at the Halle Institute for Economic Research IWH told Xinhua on Tuesday Crude oil prices were nearly 60 percent lower than a year ago The prices of goods total in Germany decreased by 0 4 percent in May compared to the same month last year but the price drop in energy products had accelerated to 8 5 percent according to Destatis Due to the oil price slump in the world market since the beginning of the year the prices of motor fuels declined by more than 20 percent while prices of heating oil even dropped by around 30 percent year on year Destatis noted Food prices in May on the other hand rose above average and increased 4 5 percent year on year Destatis noted that German consumers paid higher prices in particular for fruits and meat Since the COVID 19 pandemic increases the costs of production for many goods we think that the risk of deflation is small stressed Lindner That said the current oil price of about 40 United States dollars per barrel Brent means that headline inflation rates will stay at low levels in Germany for the coming months XINHUA
    Inflation rate in Germany down to 0.6 pct in May
    Foreign2 years ago

    Inflation rate in Germany down to 0.6 pct in May

    The inflation rate in Germany declined to 0.6 percent in May, the Federal Statistical Office (Destatis) announced on Tuesday.

    "The inflation rate decreased for the third consecutive month," Destatis noted. Back in February, the inflation rate in Germany had been more than one percentage point higher at 1.7 percent.

    "The decline in inflation was caused by lower energy prices," Axel Lindner, deputy head of the department of macroeconomics at the Halle Institute for Economic Research (IWH), told Xinhua on Tuesday. Crude oil prices were nearly 60 percent lower than a year ago.

    The prices of goods (total) in Germany decreased by 0.4 percent in May compared to the same month last year but the price drop in energy products had "accelerated" to 8.5 percent, according to Destatis.

    Due to the "oil price slump in the world market" since the beginning of the year, the prices of motor fuels declined by more than 20 percent while prices of heating oil even dropped by around 30 percent year-on-year, Destatis noted.

    Food prices in May, on the other hand, rose above average and increased 4.5 percent year-on-year. Destatis noted that German consumers paid higher prices in particular for fruits and meat.

    "Since the COVID-19 pandemic increases the costs of production for many goods, we think that the risk of deflation is small," stressed Lindner. "That said, the current oil price of about 40 United States dollars per barrel (Brent) means that headline inflation rates will stay at low levels in Germany for the coming months."


    (XINHUA)

  •  Footfall in retail shops in Britain continued to decrease significantly in May but slightly improved compared with April as some shops returned to business during the eased lockdown a report said Friday Footfall decreased by 81 6 percent year on year Retail parks with more supermarkets and essential stores on their sites saw a shallower decline in footfall while high streets and shopping centers remained massively down over the previous year according to a latest report from the British Retail Consortium BRC The decline was less severe than April as more retailers including garden centers and homeware shops began to reopen though the vast majority of stores remained closed said Helen Dickinson chief executive of the BRC On Monday all non essential retailers are able to reopen in England as part of the government s further move to relax restrictions Queues are expected outside some shops ahead of their opening times Primark a fast fashion retailer tweeted There might be queues on our first few days of opening so please consider this before travelling However some analysts cautioned the reopening of non essential shops is unlikely to deliver immediate relief A mix of low consumer confidence and limits on the number of people able to enter stores mean that many shops will continue to suffer lower footfall and lower sales for some time to come Dickinson said In the short term we expect consumers will visit less but buy more each visit making each shopper all the more precious Footfall has a totally new value said Andy Sumpter retail consultant at ShopperTrak Prime Minister Boris Johnson said Sunday that people should be able to shop with confidence when non essential stores reopen in England on Monday Speaking during a visit to the Westfield shopping center in east London the prime minister said he hoped to see a gradual build up in the numbers of people returning to the high street I am very optimistic about the opening up that is going to happen tomorrow I think people should shop and shop with confidence but they should of course observe the rules on social distancing and do it as safely as possible he said XINHUA
    UK retail sector continues to suffer in May despite reopening of some shops
     Footfall in retail shops in Britain continued to decrease significantly in May but slightly improved compared with April as some shops returned to business during the eased lockdown a report said Friday Footfall decreased by 81 6 percent year on year Retail parks with more supermarkets and essential stores on their sites saw a shallower decline in footfall while high streets and shopping centers remained massively down over the previous year according to a latest report from the British Retail Consortium BRC The decline was less severe than April as more retailers including garden centers and homeware shops began to reopen though the vast majority of stores remained closed said Helen Dickinson chief executive of the BRC On Monday all non essential retailers are able to reopen in England as part of the government s further move to relax restrictions Queues are expected outside some shops ahead of their opening times Primark a fast fashion retailer tweeted There might be queues on our first few days of opening so please consider this before travelling However some analysts cautioned the reopening of non essential shops is unlikely to deliver immediate relief A mix of low consumer confidence and limits on the number of people able to enter stores mean that many shops will continue to suffer lower footfall and lower sales for some time to come Dickinson said In the short term we expect consumers will visit less but buy more each visit making each shopper all the more precious Footfall has a totally new value said Andy Sumpter retail consultant at ShopperTrak Prime Minister Boris Johnson said Sunday that people should be able to shop with confidence when non essential stores reopen in England on Monday Speaking during a visit to the Westfield shopping center in east London the prime minister said he hoped to see a gradual build up in the numbers of people returning to the high street I am very optimistic about the opening up that is going to happen tomorrow I think people should shop and shop with confidence but they should of course observe the rules on social distancing and do it as safely as possible he said XINHUA
    UK retail sector continues to suffer in May despite reopening of some shops
    Foreign2 years ago

    UK retail sector continues to suffer in May despite reopening of some shops

    Footfall in retail shops in Britain continued to decrease significantly in May but slightly improved compared with April as some shops returned to business during the eased lockdown, a report said Friday.

    Footfall decreased by 81.6 percent year on year. Retail parks, with more supermarkets and essential stores on their sites, saw a shallower decline in footfall while high streets and shopping centers remained massively down over the previous year, according to a latest report from the British Retail Consortium (BRC).

    "The decline was less severe than April as more retailers, including garden centers and homeware shops, began to reopen, though the vast majority of stores remained closed," said Helen Dickinson, chief-executive of the BRC.

    On Monday, all non-essential retailers are able to reopen in England as part of the government's further move to relax restrictions. Queues are expected outside some shops ahead of their opening times. Primark, a fast fashion retailer, tweeted: "There might be queues on our first few days of opening so please consider this before travelling."

    However, some analysts cautioned the reopening of non-essential shops is unlikely to deliver immediate relief.

    "A mix of low consumer confidence and limits on the number of people able to enter stores mean that many shops will continue to suffer lower footfall -- and lower sales -- for some time to come," Dickinson said.

    "In the short term we expect consumers will visit less, but buy more each visit, making each shopper all the more precious. Footfall has a totally new value," said Andy Sumpter, retail consultant at ShopperTrak.

    Prime Minister Boris Johnson said Sunday that people should be able to "shop with confidence" when non-essential stores reopen in England on Monday.

    Speaking during a visit to the Westfield shopping center in east London, the prime minister said he hoped to see a "gradual" build-up in the numbers of people returning to the high street.

    "I am very optimistic about the opening up that is going to happen tomorrow...I think people should shop and shop with confidence, but they should of course observe the rules on social distancing and do it as safely as possible," he said.


    (XINHUA)

  •  The number of auto sales in Indonesia fell heavily in May due to depressed demands as the economy stretched deep during the novel coronavirus pandemic Data from the Indonesian Automotive Industry Association showed on Monday that the car sales plunged by 95 percent to 3 551 units in May annualized May s sales were less than half those in April when the number was recorded at 7 868 units The sales in April tumbled by 90 6 percent from those in the same period of last year The temporary closure of car factories during the partial lockdowns had factored to the plunge of the sales Head of the association Yohannes Nangoi has reckoned Domestic car sales have been frequently used to gauging the private consumption in the country as an indicator showing the health of the economy For the whole of this year the number of Indonesia s car sales target has been cut by half as the novel coronavirus pandemic has dragged down exports and domestic demands of the products according to the Industry Ministry Last year Indonesia sold 1 03 million cars domestically and shipped 843 000 others offshore data from the country s Automotive Industry Association said XINHUA
    Indonesia car sales plunge by 96 pct in May
     The number of auto sales in Indonesia fell heavily in May due to depressed demands as the economy stretched deep during the novel coronavirus pandemic Data from the Indonesian Automotive Industry Association showed on Monday that the car sales plunged by 95 percent to 3 551 units in May annualized May s sales were less than half those in April when the number was recorded at 7 868 units The sales in April tumbled by 90 6 percent from those in the same period of last year The temporary closure of car factories during the partial lockdowns had factored to the plunge of the sales Head of the association Yohannes Nangoi has reckoned Domestic car sales have been frequently used to gauging the private consumption in the country as an indicator showing the health of the economy For the whole of this year the number of Indonesia s car sales target has been cut by half as the novel coronavirus pandemic has dragged down exports and domestic demands of the products according to the Industry Ministry Last year Indonesia sold 1 03 million cars domestically and shipped 843 000 others offshore data from the country s Automotive Industry Association said XINHUA
    Indonesia car sales plunge by 96 pct in May
    Foreign2 years ago

    Indonesia car sales plunge by 96 pct in May

    The number of auto sales in Indonesia fell heavily in May due to depressed demands as the economy stretched deep during the novel coronavirus pandemic.

    Data from the Indonesian Automotive Industry Association showed on Monday that the car sales plunged by 95 percent to 3,551 units in May annualized.

    May's sales were less than half those in April when the number was recorded at 7,868 units.

    The sales in April tumbled by 90.6 percent from those in the same period of last year.

    The temporary closure of car factories during the partial lockdowns had factored to the plunge of the sales, Head of the association Yohannes Nangoi has reckoned.

    Domestic car sales have been frequently used to gauging the private consumption in the country, as an indicator showing the health of the economy.

    For the whole of this year, the number of Indonesia's car sales target has been cut by half as the novel coronavirus pandemic has dragged down exports and domestic demands of the products, according to the Industry Ministry.

    Last year, Indonesia sold 1.03 million cars domestically and shipped 843,000 others offshore, data from the country's Automotive Industry Association said.


    (XINHUA)

  •  The number of coronavirus active cases in Israel has risen to 3 315 the highest since May 17 the state s Ministry of Health said on Saturday According to the ministry 177 new cases were recorded on Saturday compared to just 47 new recoveries This brings the total number of cases to 18 972 and the number of recoveries to 15 357 The number of death cases remained 300 while the number of patients in serious condition increased from 34 to 35 out of 129 patients currently hospitalized Despite the rise in morbidity the Israeli government has decided that starting Sunday weddings and events to celebrate baby birth may be held in events halls These events will take place under restrictions such as a maximum of 250 participants and keeping the participants list for possible epidemiological investigation China and Israel have cooperated on fighting the COVID 19 pandemic On Feb 11 the Tel Aviv Municipality Hall a landmark in the Israeli city Tel Aviv was illuminated with the colors of China s national flag showing solidarity with China in the fight against the novel coronavirus On March 19 and April 1 two video conferences were held between Chinese doctors and Israeli counterparts to share experiences in containing the virus spread and treatment of coronavirus patients XINHUA
    Israel’s COVID-19 active cases reach 3,315, highest since May 17
     The number of coronavirus active cases in Israel has risen to 3 315 the highest since May 17 the state s Ministry of Health said on Saturday According to the ministry 177 new cases were recorded on Saturday compared to just 47 new recoveries This brings the total number of cases to 18 972 and the number of recoveries to 15 357 The number of death cases remained 300 while the number of patients in serious condition increased from 34 to 35 out of 129 patients currently hospitalized Despite the rise in morbidity the Israeli government has decided that starting Sunday weddings and events to celebrate baby birth may be held in events halls These events will take place under restrictions such as a maximum of 250 participants and keeping the participants list for possible epidemiological investigation China and Israel have cooperated on fighting the COVID 19 pandemic On Feb 11 the Tel Aviv Municipality Hall a landmark in the Israeli city Tel Aviv was illuminated with the colors of China s national flag showing solidarity with China in the fight against the novel coronavirus On March 19 and April 1 two video conferences were held between Chinese doctors and Israeli counterparts to share experiences in containing the virus spread and treatment of coronavirus patients XINHUA
    Israel’s COVID-19 active cases reach 3,315, highest since May 17
    Foreign2 years ago

    Israel’s COVID-19 active cases reach 3,315, highest since May 17

    The number of coronavirus active cases in Israel has risen to 3,315, the highest since May 17, the state's Ministry of Health said on Saturday.

    According to the ministry, 177 new cases were recorded on Saturday, compared to just 47 new recoveries.

    This brings the total number of cases to 18,972, and the number of recoveries to 15,357.

    The number of death cases remained 300, while the number of patients in serious condition increased from 34 to 35, out of 129 patients currently hospitalized.

    Despite the rise in morbidity, the Israeli government has decided that starting Sunday, weddings and events to celebrate baby birth may be held in events halls.

    These events will take place under restrictions, such as a maximum of 250 participants and keeping the participants list for possible epidemiological investigation.

    China and Israel have cooperated on fighting the COVID-19 pandemic.

    On Feb. 11, the Tel Aviv Municipality Hall, a landmark in the Israeli city Tel Aviv, was illuminated with the colors of China's national flag, showing solidarity with China in the fight against the novel coronavirus.

    On March 19 and April 1, two video conferences were held between Chinese doctors and Israeli counterparts to share experiences in containing the virus' spread and treatment of coronavirus patients.


    (XINHUA)

  •  Portugal s consumer price index CPI dropped by 0 7 percent in May compared to the same month of 2019 according to data released on Friday by the National Statistics Institute INE The fall in prices accelerated by 0 5 percentage point compared with April 2020 the INE said The prices that fell the most were food and non alcoholic beverages followed by the costs of transport and accessories for the home household equipment and routine maintenance of housing On the other hand the price of the communications rose according to the statistics agency Meanwhile Portugal s harmonized index of consumer prices HICP dropped 0 6 percent year on year 0 5 percentage points lower than the previous month s rate and 0 7 percentage points lower than the Eurostat estimate for the euro area The HICP is the indicator used by the European Central Bank as an instrument to measure price stability within the euro area XINHUA
    Portugal’s CPI drops in May: INE
     Portugal s consumer price index CPI dropped by 0 7 percent in May compared to the same month of 2019 according to data released on Friday by the National Statistics Institute INE The fall in prices accelerated by 0 5 percentage point compared with April 2020 the INE said The prices that fell the most were food and non alcoholic beverages followed by the costs of transport and accessories for the home household equipment and routine maintenance of housing On the other hand the price of the communications rose according to the statistics agency Meanwhile Portugal s harmonized index of consumer prices HICP dropped 0 6 percent year on year 0 5 percentage points lower than the previous month s rate and 0 7 percentage points lower than the Eurostat estimate for the euro area The HICP is the indicator used by the European Central Bank as an instrument to measure price stability within the euro area XINHUA
    Portugal’s CPI drops in May: INE
    Foreign2 years ago

    Portugal’s CPI drops in May: INE

    Portugal's consumer price index (CPI) dropped by 0.7 percent in May compared to the same month of 2019, according to data released on Friday by the National Statistics Institute (INE).

    The fall in prices accelerated by 0.5 percentage point compared with April 2020, the INE said.

    The prices that fell the most were food and non-alcoholic beverages, followed by the costs of transport and accessories for the home, household equipment and routine maintenance of housing.

    On the other hand, the price of the communications rose, according to the statistics agency.

    Meanwhile, Portugal's harmonized index of consumer prices (HICP) dropped 0.6 percent year-on-year, 0.5 percentage points lower than the previous month's rate and 0.7 percentage points lower than the Eurostat estimate for the euro area.

    The HICP is the indicator used by the European Central Bank as an instrument to measure "price stability" within the euro area.


    (XINHUA)

  •  South Korea s import price rose last month on higher global price for crude oil central bank data showed Friday The import price index advanced 4 2 percent in May from a month earlier marking the first rebound in five months according to the Bank of Korea BOK Price for imported raw materials jumped 14 8 percent with crude oil price soaring 49 9 percent in the month Price for intermediary products such as coal and oil products added 1 8 percent last month The export price index gained 0 6 percent in May from a month earlier rebounding in three months Price for exported agricultural forestry and fishery products fell 0 7 percent but price for industrial products climbed 0 7 percent Export price for gasoline and diesel surged 59 0 percent and 16 8 percent respectively but those for liquid crystal display LCD panels and flash memory chips slipped last month XINHUA
    S.Korea’s import price rises in May on higher oil price
     South Korea s import price rose last month on higher global price for crude oil central bank data showed Friday The import price index advanced 4 2 percent in May from a month earlier marking the first rebound in five months according to the Bank of Korea BOK Price for imported raw materials jumped 14 8 percent with crude oil price soaring 49 9 percent in the month Price for intermediary products such as coal and oil products added 1 8 percent last month The export price index gained 0 6 percent in May from a month earlier rebounding in three months Price for exported agricultural forestry and fishery products fell 0 7 percent but price for industrial products climbed 0 7 percent Export price for gasoline and diesel surged 59 0 percent and 16 8 percent respectively but those for liquid crystal display LCD panels and flash memory chips slipped last month XINHUA
    S.Korea’s import price rises in May on higher oil price
    Foreign2 years ago

    S.Korea’s import price rises in May on higher oil price

    South Korea's import price rose last month on higher global price for crude oil, central bank data showed Friday.

    The import price index advanced 4.2 percent in May from a month earlier, marking the first rebound in five months, according to the Bank of Korea (BOK).

    Price for imported raw materials jumped 14.8 percent, with crude oil price soaring 49.9 percent in the month.

    Price for intermediary products such as coal and oil products added 1.8 percent last month.

    The export price index gained 0.6 percent in May from a month earlier, rebounding in three months.

    Price for exported agricultural, forestry and fishery products fell 0.7 percent, but price for industrial products climbed 0.7 percent.

    Export price for gasoline and diesel surged 59.0 percent and 16.8 percent respectively, but those for liquid crystal display (LCD) panels and flash memory chips slipped last month.


    (XINHUA)

  •  The United States Producer Price Index PPI for final demand rose 0 4 percent in May seasonally adjusted the United States Department of Labor said Thursday On an unadjusted basis the final demand index moved down 0 8 percent for the 12 months ended in May Final demand prices fell 1 3 percent in April and 0 2 percent in March In May most of the increase in the final demand index can be traced to a 1 6 percent climb in prices for final demand goods The index for final demand services moved down 0 2 percent Prices for final demand less foods energy and trade services edged up 0 1 percent in May following three consecutive declines For the 12 months ended in May the index for final demand less foods energy and trade services moved down 0 4 percent the largest 12 month decrease since the index began in August 2013 XINHUA
    United States PPI for final demand increases in May
     The United States Producer Price Index PPI for final demand rose 0 4 percent in May seasonally adjusted the United States Department of Labor said Thursday On an unadjusted basis the final demand index moved down 0 8 percent for the 12 months ended in May Final demand prices fell 1 3 percent in April and 0 2 percent in March In May most of the increase in the final demand index can be traced to a 1 6 percent climb in prices for final demand goods The index for final demand services moved down 0 2 percent Prices for final demand less foods energy and trade services edged up 0 1 percent in May following three consecutive declines For the 12 months ended in May the index for final demand less foods energy and trade services moved down 0 4 percent the largest 12 month decrease since the index began in August 2013 XINHUA
    United States PPI for final demand increases in May
    Foreign2 years ago

    United States PPI for final demand increases in May

    The United States Producer Price Index (PPI) for final demand rose 0.4 percent in May, seasonally adjusted, the United States Department of Labor said Thursday.

    On an unadjusted basis, the final demand index moved down 0.8 percent for the 12 months ended in May. Final demand prices fell 1.3 percent in April and 0.2 percent in March.

    In May, most of the increase in the final demand index can be traced to a 1.6-percent climb in prices for final demand goods. The index for final demand services moved down 0.2 percent.

    Prices for final demand less foods, energy, and trade services edged up 0.1 percent in May, following three consecutive declines. For the 12 months ended in May, the index for final demand less foods, energy, and trade services moved down 0.4 percent, the largest 12-month decrease since the index began in August 2013.


    (XINHUA)

  •  Sale of cars has seen a 75 percent decline during the month of May on year on year basis in Pakistan due to the COVID 19 outbreak and its impacts on businesses of the country local media reported on Thursday Total car sales were recorded at 4 473 units in May as compared to 17 781 units in the same month of the previous year the Express Tribune quoted the Pakistan Automotive Manufacturers Association as having said All the three major car assemblers in the country reported a major decline in sales for May with Honda Atlas Cars being the worst hit with 89 percent decline in sales according to the report Last May Honda Atlas sold 2 952 units but this year only 326 units were sold during the same period the report added Indus Motor Company also saw an 88 percent fall in sales at 547 units in May 2020 as compared to 4 749 units in May 2019 Similarly Pak Suzuki Motor Company saw a drop of 64 percent by selling 3 600 units during May as compared to 10 080 units in the same month of previous year In the first 11 months July 2019 May 2020 of FY20 car sales registered a decline of 54 percent to 102 137 units as compared to 222 167 units sold in the corresponding period of the previous fiscal year the report added Local analysts believe that the main cause of the decline was the closure of business operations by all major car assemblers adding that the sales will improve in June due to the effects of easing the lockdown and restoration of business atmosphere in the country according to the report XINHUA
    Car sales witness 75 pct decline during May in Pakistan
     Sale of cars has seen a 75 percent decline during the month of May on year on year basis in Pakistan due to the COVID 19 outbreak and its impacts on businesses of the country local media reported on Thursday Total car sales were recorded at 4 473 units in May as compared to 17 781 units in the same month of the previous year the Express Tribune quoted the Pakistan Automotive Manufacturers Association as having said All the three major car assemblers in the country reported a major decline in sales for May with Honda Atlas Cars being the worst hit with 89 percent decline in sales according to the report Last May Honda Atlas sold 2 952 units but this year only 326 units were sold during the same period the report added Indus Motor Company also saw an 88 percent fall in sales at 547 units in May 2020 as compared to 4 749 units in May 2019 Similarly Pak Suzuki Motor Company saw a drop of 64 percent by selling 3 600 units during May as compared to 10 080 units in the same month of previous year In the first 11 months July 2019 May 2020 of FY20 car sales registered a decline of 54 percent to 102 137 units as compared to 222 167 units sold in the corresponding period of the previous fiscal year the report added Local analysts believe that the main cause of the decline was the closure of business operations by all major car assemblers adding that the sales will improve in June due to the effects of easing the lockdown and restoration of business atmosphere in the country according to the report XINHUA
    Car sales witness 75 pct decline during May in Pakistan
    Foreign2 years ago

    Car sales witness 75 pct decline during May in Pakistan

    Sale of cars has seen a 75 percent decline during the month of May on year-on-year basis in Pakistan due to the COVID-19 outbreak and its impacts on businesses of the country, local media reported on Thursday.

    Total car sales were recorded at 4,473 units in May as compared to 17,781 units in the same month of the previous year, the Express Tribune quoted the Pakistan Automotive Manufacturers Association as having said.

    All the three major car assemblers in the country reported a major decline in sales for May with Honda Atlas Cars being the worst hit with 89 percent decline in sales, according to the report.

    Last May, Honda Atlas sold 2,952 units, but this year only 326 units were sold during the same period, the report added.

    Indus Motor Company also saw an 88 percent fall in sales at 547 units in May 2020 as compared to 4,749 units in May 2019.

    Similarly, Pak Suzuki Motor Company saw a drop of 64 percent by selling 3,600 units during May as compared to 10,080 units in the same month of previous year.

    In the first 11 months (July 2019-May 2020) of FY20, car sales registered a decline of 54 percent to 102,137 units as compared to 222,167 units sold in the corresponding period of the previous fiscal year, the report added.

    Local analysts believe that the main cause of the decline was the closure of business operations by all major car assemblers, adding that the sales will improve in June due to the effects of easing the lockdown and restoration of business atmosphere in the country, according to the report.


    (XINHUA)

  •  South Korea s automotive export more than halved last month as the COVID 19 outbreak weakened global demand a government report showed Thursday The number of vehicles exported was 95 400 in May down 57 6 percent from the same month of last year according to the Ministry of Trade Industry and Energy It was the first time in almost 17 years since July 2003 that the number of car export fell below 100 000 Global car demand tumbled as the coronavirus pandemic roiled the world economy People refrained from outside activity weakening private consumption across the globe Electric vehicle shipment posted a record monthly high of 11 496 units in May continuing to rise for 34 months in a row In the domestic market the number of vehicles sold was 168 778 in May up 9 7 percent from a year earlier The local car sale kept an upward trend for the third consecutive month on the back of a temporary tax cut for the car purchase and the special discount event by local automakers Auto production plunged 36 9 percent over the year to 231 099 units in May Auto parts export dropped 66 7 percent from a year earlier to 650 million United States dollars last month XINHUA
    S.Korea’s auto export more than halves in May
     South Korea s automotive export more than halved last month as the COVID 19 outbreak weakened global demand a government report showed Thursday The number of vehicles exported was 95 400 in May down 57 6 percent from the same month of last year according to the Ministry of Trade Industry and Energy It was the first time in almost 17 years since July 2003 that the number of car export fell below 100 000 Global car demand tumbled as the coronavirus pandemic roiled the world economy People refrained from outside activity weakening private consumption across the globe Electric vehicle shipment posted a record monthly high of 11 496 units in May continuing to rise for 34 months in a row In the domestic market the number of vehicles sold was 168 778 in May up 9 7 percent from a year earlier The local car sale kept an upward trend for the third consecutive month on the back of a temporary tax cut for the car purchase and the special discount event by local automakers Auto production plunged 36 9 percent over the year to 231 099 units in May Auto parts export dropped 66 7 percent from a year earlier to 650 million United States dollars last month XINHUA
    S.Korea’s auto export more than halves in May
    Foreign2 years ago

    S.Korea’s auto export more than halves in May

    South Korea's automotive export more than halved last month as the COVID-19 outbreak weakened global demand, a government report showed Thursday.

    The number of vehicles exported was 95,400 in May, down 57.6 percent from the same month of last year, according to the Ministry of Trade, Industry and Energy.

    It was the first time in almost 17 years since July 2003 that the number of car export fell below 100,000.

    Global car demand tumbled as the coronavirus pandemic roiled the world economy. People refrained from outside activity, weakening private consumption across the globe.

    Electric vehicle shipment posted a record monthly high of 11,496 units in May, continuing to rise for 34 months in a row.

    In the domestic market, the number of vehicles sold was 168,778 in May, up 9.7 percent from a year earlier.

    The local car sale kept an upward trend for the third consecutive month on the back of a temporary tax cut for the car purchase and the special discount event by local automakers.

    Auto production plunged 36.9 percent over the year to 231,099 units in May.

    Auto parts export dropped 66.7 percent from a year earlier to 650 million United States dollars last month.


    (XINHUA)