In June 2016, energy prices increased by 5.1%, and the prices of non-energy commodities rose by 2.1%. Food prices picked up by 4.1%. Beverages increased by 2.8%. Raw materials went down by 0.7%, and fertilizers dropped by 2.2%. Metals and minerals went up by 0.3%, and precious metals rose by 1.2%.
Global car exports by country were valued at US$672.9 billion for 2015. Cars represent the world’s number two export product, trailing only crude oil. The $672.9 billion in total international car exports for 2015 represents a 5.5% improvement from 2011 but a -5.2% cutback compared to the $709.7 billion spent during 2014.
A little-known startup in China is gunning to be the first to sell bendable smartphones this year, seeking to upstage Samsung Electronics Co., which has started to dabble in flexible-screen technology.
When Henry Ford introduced the assembly line, manufacturing took a major leap forward. Productivity advanced in ways never before possible. It took 50 years for the next breakthrough to hit the factory floor, when Unimate came on line at GM. We’re seeing another breakthrough now as robots evolve to be more than simply machines that can lift heavy objects and perform repetitive tasks over and over and over again.
In May 2016, energy prices increased by 10.8%, and the prices of non-energy commodities rose by 1.5%. Food prices picked up by 4.6%. Beverages increased by 1.3%. Raw materials went up by 0.6%, and fertilizers dropped by 0.7%. Metals and minerals declined by 3.3%, and precious metals rose by 1.9%.
Oil is the world’s number 1 export product. Amounting to 4.8% of the global value of all export products, crude oil shipments totaled US$786.3 billion for 2015.
That figure represents a -50.3% drop in value since 2011 and a -44.4% decline from 2014 to 2015.
Most commodity price indexes rebounded in February-March from their January lows on improved market sentiment and a weakening dollar. Still, average prices for the first quarter fell compared to the last quarter of 2015, with energy prices down 21 percent and non-energy prices lower by 2 percent.