Industrial production in the recession-hit eurozone fell 0.3 percent in May compared with the previous month, the data agency Eurostat reported Friday, after three consecutive monthly increases.
April industrial production rose 0.5 percent in the bloc’s 17 states, the agency said in a revised figures, compared to March when the rate increased 0.9 percent, AFP reported.
Numbers in April and March which is a great improvement on the performance in the previous months, and analysts said the latest report showed euro zone recession is already running 18 months may soon end.
May decrease was primarily due to the weakening 2.3 percent in the consumption of durable goods, while capital goods declined 1.5 percent.
On the positive side, energy production rose 0.1 percent, intermediate goods rose 0.4 percent and non-durable consumer goods rose 0.6 percent.
Decline in industrial output is highest in Ireland, which saw a decrease of 2.7 percent and in Greece with a 2.1 percent decline.
Output rose 6.1 percent on the other side of the recession plagued Portugal and 2.0 percent in Estonia. While in the 27 European Union countries, industrial output fell 0.6 percent in May compared to April.
Compared with the previous year’s data, industrial production fell 1.3 percent in the eurozone and 1.6 percent in the EU.
PT XL Axiata Tbk (EXCL) correction suffers 54% profit in the first half of 2013 to Rp 670 billion from Rp 1.46 trillion. The company’s revenue edged up 1%.
XL recorded net income of Rp 10.3 trillion in the first half of this year, from Rp 10.2 trillion in the previous position. The rise in revenue driven by increased data service revenues by 13%.
“Our performance this quarter marks our success to turn things around after a decline in the previous two quarters,” said President Director of XL Hasnul Suhaimi, in a press release on Thursday (01/08/2013).
Until the end of the first half of 2013, the XL has spent Rp 4 trillion for infrastructure investment in the data. A combination of internal funds and debt.
XL has signed a new loan agreement in U.S. dollars with Standard Chartered Bank in May 2013 for U.S. $ 50 million. Meanwhile, during the first half of this 2013 also, the amount of debt XL increased to Rp 17.1 trillion from Rp 12.7 trillion in the previous year.
“XL will remain focused on data services given the growing use of data rapidly increasing contribution to company revenues. During the first six months of this year, data revenue accounted for 22% of total revenue, compared to 19% last year, “he added.
Mortgage PT (Persero) recorded a decrease in net income to Rp 718 billion in the first half of 2013. The number is down about 22% when compared with net income in the same period of the previous year of Rp 929 billion. Profit decline was due to a continued decline in the price of gold on the market.
“The decline in gold prices greatly affect the performance of the company’s significant because when the price of gold fell Mortgage loan disbursement will face obstacles because its value will go down as the price of gold down,” said Director of Mortgage Finance Agus Dwi Pramoedya when met at the Central Office Pawn Kramat, Jakarta, Thursday (01/08/2013).
However, he said, although besih profit declined but remains the company’s turnover rose. In the first half of this year, the company’s revenue still grew by 6.5% to Rp 4.1 trillion over the same period the previous year which only Rp 3.8 trillion.
Total assets also go up to Rp 33 trillion in the first half of 2013, an increase of 13% when compared to its total assets in the same period the previous year which reached Rp 29.1 trillion.
From the business side, Pawn is able to achieve a turnover in the pawning business of gold amounting to Rp 46 trillion in the first half of 2013, an increase of 6% from the same period last year of Rp 43 trillion.
“It is conventional. If sharia as of June 2013 was Rp 6 trillion, Rp 5.5 trillion last year finished up 8.6%,” he said.
In addition, the company’s customers also increased 15% to 14.4 million in the first half of 2013, when compared to the same period of the previous year which only 13.7 million.
“Seeing this increase, we believe the mortgage business will continue to grow,” he said.