SEOUL — South Korea’s export growth hit the highest in around 10 years, keeping an upward trend for the sixth consecutive month, a government report showed Saturday.

Export, which accounts for about half of the export-driven economy, amounted to 51.19 billion U.S. dollars in April, up 41.1 percent from a year earlier, according to the Ministry of Trade, Industry and Energy. (South Korea-Export Growth)

– – – –

OTTAWA — Canada’s Industrial Product Price Index (IPPI) rose 1.6 percent in March 2021 month over month and 10 percent year over year, according to Statistics Canada on Friday.

March was the fourth consecutive monthly increase. The IPPI excluding energy and petroleum products was up 1.3 percent. (Canada-IPPI-RMPI)

– – – –

BRUSSELS — The eurozone economy shrunk by 0.6 percent in the first three months of this year, following a 0.7-percent contraction in the fourth quarter of 2020, Eurostat, the statistical office of the European Union (EU), said on Friday.

According to Eurostat’s preliminary flash estimate, the EU’s gross domestic product (GDP) decreased by 0.4 percent, following a 0.5-percent fall in the previous quarter. (EU-Economy)

– – – –

　　BEIJING — China’s equipment manufacturing sector saw rapid expansion in the first quarter of this year amid broader economic recovery, official data showed.

A key barometer of the country’s manufacturing strength and overall economic operation, the equipment manufacturing sector saw its added value increase 39.9 percent year on year in the first three months, data from the Ministry of Industry and Information Technology showed. (China-Equipment Manufacturing-Output)

Originally Appeared On: https://www.bignewsnetwork.com/news/269135766/xinhua-world-economic–summary-at-0900-gmt-may-1