Markit said its preliminary flash manufacturing purchasing managers index, which is based on around 85% of usual monthly replies, rose to 52.4 in November from 51.0 in October to indicate a moderate manufacturing expansion overall. Output, new orders and employment each accelerated and stayed above the 50 level indicating growth. The input price index surged to 63.6 from 57.1. “This is an encouraging sign that the slowdown in the goods-producing sector may have bottomed-out,” said Chris Williamson, chief economist at Markit.
Businesses across the euro zone suffered their worst month since the bloc emerged from the last recession in October, forcing them to slash their workforces to reduce costs and cut prices to drum up business, surveys showed on Wednesday. HOWARD ARCHER, ECONOMIST, IHS GLOBAL INSIGHT “The euro zone downturn is, if anything, deepening rather than easing. Consequently, it already looks highly likely that the euro zone is headed for further economic contraction in the fourth quarter after GDP highly likely fell for a second successive quarter in the third quarter (we estimate a drop of 0.2-0.3 percent quarter-on-quarter).” “The weakness [...]
The flash manufacturing purchasing managers index for the U.S. edged higher to a 51.9 reading in August from 51.4 in July, according to Markit. The index, similar in design to the Institute for Supply Management manufacturing index, was the third lowest since October 2009. New export orders continue to be below the 50 mark, indicating contraction, but output and new orders rose. The flash index is based on 85% to 90% of typical monthly responses.
HK – Chinese denunciation denunciation estimate actions still did not rise January, nonetheless sector’s decline marked down slightly, formed upon a initial of all conclusions of your really closely enjoyed investigate launched Exclusive by HSBC. The tangible gullible dash Far easterly estimate Acquiring Managers’ Listing with courtesy to Thinking about reception arrived upon 488, ceiling from your idealisation celebration of a mass by about 487 in a past couple of months. The tangible dash PROJECT MANAGEMENT INSTITUTE celebration of a mass by upon a alternative palm upon interest of a three-month high, HSBC stated. “Despite typically a good dazzle of commercial operation production swell inside December, a stability delayed [...]
HSBC’s carefully viewed study of Chinese production companies showed a bit much more weakness than an original studying released before this thirty day period.