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Thursday 13th of January 2011

News Tag: manufacturing sector

December 13, 2010

Scottish manufacturers see strong rise in production

by Kay Murchie
Official figures revealed Scotland’s manufacturing sector grew in November at its fastest rate since August. The rise was attributed to a strong rise in new export orders for Scottish manufacturers, the Bank of Scotland's Purchasing Managers' Index (PMI) revealed today, boosted by demand from China and the US. The Bank of Scotland's chief economist, Donald MacRae, comments: "This month's robust recovery in ...

August 19, 2010

Canadian economic growth eases

by Kay Murchie
A report by Statistics Canada has today revealed the economy slowed, due to a slowdown in the housing market. The Statistics Canada leading economic indicator index (a monthly gauge of where the economy appears headed in the coming months) eased to 0.4% in July, following a rise of 0.7% in June. The slowdown in growth was attributed to a decline in the housing market, after ...

Manufacturing outlook positive as exports rebound

by Kay Murchie
The Confederation of British Industry’s (CBI) monthly industrial trends survey has today provided a positive outlook for the manufacturing sector. The CBI’s order book balance rose to -14 this month from -16 in July. While this indicates that orders are still declining, it represented the slowest pace in two years. Meanwhile, the export order book balance recovered to -1 this month from July's ...

August 24, 2009

Euro zone sees rise in industrial orders

by Kay Murchie
Euro zone sees rise in industrial orders
There are tentative signs that the manufacturing sector in the euro zone may be emerging from recession after a rise in industrial orders has been reported for the month of June. According to Eurostat, the European statistics agency, new orders (a key indicator of industry’s future growth) rose by 3.1% during the month when compared with May. Increases were seen in both ...

August 20, 2009

Recovery hopes as factory optimism grows

by Kay Murchie
The latest CBI Industrial Trends Survey has revealed optimism within the manufacturing sector. Figures show that 27% of the 560 companies polled said they would increase output over the next three months, while 32% predicted a fall. The balance of -5 points was the most optimistic in over a year and a nine-point improvement on July. Commenting on the findings, Richard Lambert, director ...

April 1, 2009

Decline in UK manufacturing slows

by Kay Murchie
The UK manufacturing sector is showing some signs of improvement after the CIPS/Markit manufacturing Purchasing Managers' Index rose to 39.1 last month, up from 34.9 in February. Anything below the 50 mark represents a contraction in activity, but the pace of decline last month slowed at a faster rate than economists had predicted by economists. The reading is the highest since the collapse ...