Beer and drugs hit manufacturing output
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Factory output fell unexpectedly in July for the second month in a row -- the first back-to-back decline in nearly two years -- as the production of beer and pharmaceuticals plummeted.
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SABMiller PLC, the world's second-largest brewer by volume, said Thursday that strong sales helped net profit more than double in the first half of the fiscal year.
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Industrial output fell in January by the largest amount in 17 months, reflecting huge cutbacks at auto factories and weakness in housing-related industries.
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Britain's manufactured output fell surprisingly by 0.2 percent in January from the December figure, owing to widespread falls across all sectors of the industry, official data showed on Friday.
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By Kyodo News International, Tokyo  Feb. 8--TOKYO -- Three major beer brewers in Japan saw record high  profits in their 2006 business year through Dec.
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U.S. manufacturing activity unexpectedly contracted in January as new orders and production fell, according to a survey published on Thursday.
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U.S. production of distillates, which  include heating oil and diesel, hit a record average of 4.3  million barrels per day last week, the federal Energy  Information Administration said on Wednesday.
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The New York Federal Reserve said Wednesday manufacturing in the New York district rebounded in September. The regional Fed said manufacturing as measured by its general business
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Higher earnings from oilseed processing and rising demand for feed grains offset declining margins in the companyâs ethanol business.
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Cadbury Schweppes Plc, the maker of Dr Pepper and 7Up, said results will be at the ``lower&#39;&#39; end of the range it has targeted in the current fiscal year because of lack of demand in the US and European drinks markets.
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Industry experts say that after years of losing customers to mixed drinks, beer regained some of its luster in 2007, helped by surging interest in craft beers, a slowing economy and the desire of more people to drink at home.
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Industrial output in Germany rose by 1.9 percent in January, after edging up by 0.1 percent the previous month, data published by the German Economy and Technology Ministry showed on Thursday.
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Drugmakers get part of the job done outside of the U.S.
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The brewery, struggling with domestic weakness, falls short of its earnings target.
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Manufacturing output has unexpectedly fallen for the third month in a row in August and at the sharpest pace in nearly two years, official data show.
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The beer, wine and spirits company posted a quarterly profit far above Wall Street estimates, sending its shares up sharply.
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Anheuser-Busch Cos. Inc. reported a slight rise in third-quarter earnings Wednesday, despite a general slowdown in its beer business.