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India s crude oil processing registers second straight YoY gain in Jan
Crude oil throughput in January rose 0.6% year on year to 5.16 million barrels per day (21.81 million tonnes), the highest since November 2019, according to provisional government data
Reuters | February 20, 2021 | Updated 10:13 IST
India s crude oil processing registered its second straight year-on-year gain in January, while hitting a more than one-year high, as fuel demand improved on the back of a gradual increase in industrial and economic activity.
Crude oil throughput in January rose 0.6% year on year to 5.16 million barrels per day (21.81 million tonnes), the highest since November 2019, provisional government data showed on Friday.
India s factory output grows 1% in December
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India’s factory activity in November was buoyed by a rise in domestic and foreign demand that allowed firms to raise prices. Photo: Mint
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NEW DELHI: India’s factory output grew in December, having contracted in the previous month, indicating a gradual recovery in industrial activity from the pandemic-induced disruption.
Data released by the statistics office showed that the index of industrial production (IIP) grew 1% in December compared with a 1.9% contraction in November. Manufacturing output grew 1.6% while mining production contracted 4.8% during the month under review.
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BEIJING (Xinhua): China s producer prices went up in January amid a steady recovery in domestic demand, official data showed Wednesday (Feb 10).
The producer price index (PPI), which measures costs for goods at the factory gate, rose 0.3 per cent year on year in January, compared with a 0.4-per cent drop in December 2020, the National Bureau of Statistics (NBS) said.
On a monthly basis, the PPI rose 1 per cent last month driven by the continued recovery of domestic demand and soaring prices of some global commodities, said NBS senior statistician Dong Lijuan.
Among the 40 surveyed industrial sectors, 25 saw prices increase month on month, while 10 reported price drops and 5 witnessed unchanged prices.
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