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News Tag: manufacturing

November 8, 2011

Manufacturing sector shows modest recovery

by Jan Harris
Manufacturing sector shows modest recovery
Official figures from the Office for National Statistics show a 0.2 per cent in UK manufacturing output in September, the first increase in four months. Compared with a year ago, factory output in September grew 2 per cent. However the figure excludes oil and gas, and mining, and when these sectors are taken into account, industrial output remained unchanged. The British Chambers ...




October 3, 2011

UK manufacturing activity recovers in September

by Kay Mitchell
”UK
The Chartered Institute of Purchasing and Supply (CIPS)/Markit manufacturing purchasing managers’ index (PMI) has today revealed UK manufacturing activity bounced back last month. The closely-watched CIPS/Markit manufacturing PMI rose to 51.1 in September from August’s reading of 49.4. Activity has contracted for the last three months and today’s survey means the index has moved back above the crucial 50 mark – ...




September 8, 2011

German exports lower than expected in July

by Kay Mitchell
”German
Statistics office Destatis has today revealed German exports and imports fell in July – more than expected. According to Destatis, exports fell by 1.8% in July on a monthly basis compared with a 1.2% drop in June. Economists had forecast a 0.1% fall for the month. The sharp fall in exports will be of grave concern for the country’s Government. Export demand helped ...




September 5, 2011

UK service sector activity suffers sharp drop in August

by Kay Mitchell
”UK
Growth in the UK’s closely-watched service sector slowed in August, figures have revealed today. The Chartered Institute of Purchasing and Supply (CIPS)/Markit purchasing managers’ index (PMI) slowed at the fastest pace in over a decade to 51.1 in August from July’s reading of 55.4. The fall represented the second largest on record and was much worse than the 54.0 ...




September 2, 2011

China manufacturing activity improves in August

by Kay Mitchell
”China
Manufacturing activity in China grew for the first time in four months in August, two separate surveys have revealed. Firstly, the official China Federation of Logistics and Purchasing (CFLP) said its purchasing managers’ index (PMI) edged higher to 50.9 last month from July’s reading of 50.7. The index remains just above the crucial 50 level, which separates growth from contraction. Secondly, the ...




UK construction growth slows further in August

by Kay Mitchell
”UK
The Chartered Institute of Purchasing and Supply (CIPS)/Markit purchasing managers’ index (PMI) has today revealed growth in the UK construction industry weakened in August. The PMI dipped to 52.6 in August from July’s reading of 53.5 – however, the figure was in line with expectations. Furthermore, the index remains above the crucial 50 mark, which separates growth from contraction. However, the ...




September 1, 2011

UK manufacturing activity hits 26-month low

by Kay Mitchell
”UK
The Chartered Institute of Purchasing and Supply (CIPS)/Markit manufacturing purchasing managers’ index (PMI) has today revealed UK manufacturing activity contracted at the fastest pace in more than two years in August. The closely-watched CIPS/Markit manufacturing PMI fell to 49.0 last month from an upwardly revised 49.4 in July. The latest figure means the index remains below the crucial 50 ...




August 26, 2011

Thaw in private sector pay rises

by Gill Montia
Thaw in private sector pay rises
UK pay settlement levels are stable, according to the latest analysis from employment research specialist, Incomes Data Services (IDS). The average settlement for the three months to the end of July stood at 2.5%, having remained constant since January, and with pay settlements in manufacturing continuing to lead the way, typically at 2.9%. In addition, no pay freezes were recorded at private ...




August 15, 2011

Two separate surveys reveal more economic gloom

by Kay Mitchell
”Two
A survey from BDO, published today, has revealed a fall in business confidence, while a separate survey has revealed employers plan to axe jobs in the third quarter. According to the Business Trends optimism index from accountants BDO, business confidence fell to 95.1 in July from 95.6 the previous month – the lowest level for six months. The survey is compiled by ...




August 9, 2011

UK factory output falls in June

by Kay Mitchell
”UK
The Office for National Statistics (ONS) has today revealed UK factory output fell by 0.4% in June after rising by 1.8% in May. The reading surprised economists who had expected a 0.2% rise. Meanwhile, the ONS said out of 13 categories in manufacturing, five increased and eight fell with the biggest falls in transport equipment, and paper, printing and publishing. In the three ...




August 3, 2011

UK service sector grows at stronger pace

by Kay Mitchell
”UK
Growth in the UK’s closely-watched service sector grew at the strongest pace in 4 months in July, figures have revealed today. The Chartered Institute of Purchasing and Supply (CIPS)/Markit purchasing managers’ index (PMI) surged to 55.4 last month from June’s reading of 53.9. The rise was unexpected after analysts had expected the index to fall to 53.2. Meanwhile, the index continues to remain ...




August 1, 2011

UK manufacturing activity contracts in July

by Kay Mitchell
”UK
The Chartered Institute of Purchasing and Supply (CIPS)/Markit manufacturing purchasing managers’ index (PMI) has today revealed UK manufacturing contracted in July – the first time since the UK was in recession two years ago. The closely-watched CIPS/Markit manufacturing PMI fell to 49.1 last month from a revised 51.4 in June. The index is now below the crucial 50 mark, which separates contraction from ...




July 27, 2011

South Korean economy sees slowdown in Q2

by Kay Mitchell
”South
South Korea, which is Asia’s fourth largest economy, has experienced growth of 3.4% in the second quarter on an annual basis, down from 4.2% in the previous quarter, according to official data today. Meanwhile, quarter-on-quarter growth was 0.8%, down from 1.3% as exports slowed and manufacturing weakened. "Private consumption steadily increased and facilities investment rose. But growth in exports slowed while construction ...




July 14, 2011

Singapore’s economy disappoints in Q2

by Kay Mitchell
...




New Zealand economic growth beats expectations in Q1

by Kay Mitchell
”New
Official figures today revealed New Zealand's economy surged in the January to March period despite the devastating earthquake which hit Christchurch, the country’s second largest city, on 22 February. The economy grew by 0.8% in the three month period – the fastest pace for over a year, according to Statistics New Zealand. The figure was double the 0.4% expected by analysts. Statistics ...




July 11, 2011

BCC survey reveals fragile economic recovery

by Kay Mitchell
”BCC
A quarterly survey by the British Chambers of Commerce (BCC) revealed that the UK economy was “fragile”. The BCC’s survey for the three months to the end of June showed a slow recovery and estimates that the economy grew by 0.3% in the period – slower than the 0.5% growth in the first quarter. Commenting on the findings, BCC chief economist David Kern, ...




July 5, 2011

UK service sector growth sees slight rise in June

by Kay Mitchell
”UK
Growth in the UK’s closely-watched service sector rose slightly last month, figures have revealed today. The Chartered Institute of Purchasing and Supply (CIPS)/Markit purchasing managers’ index (PMI) edged higher to 53.9 in June from May’s three-month low of 53.8. The result confounded analysts’ expectations of a fall to 53.5. The index continues to remain above the crucial 50 level, which separates ...




July 1, 2011

Euro zone manufacturing growth sinks to 18-month low, unemployment up

by Kay Mitchell
”Euro
Manufacturing activity in the 17-member euro zone fell in June to an 18-month low, figures showed today. The Markit Purchasing Managers’ Index (PMI) posted a reading of 52.0 in June from May’s reading of 54.6. However, the index continues to remain above the crucial 50 level which indicates expansion. The slowdown was attributed to the nation’s weaker economies, which ...




UK manufacturing activity hits 21-month low

by Kay Mitchell
”UK
The Chartered Institute of Purchasing and Supply (CIPS)/Markit manufacturing purchasing managers’ index (PMI) has today revealed UK manufacturing grew at its slowest rate in almost two years in June. The closely-watched CIPS/Markit manufacturing PMI dived to a 21-month low of 51.3 last month from May’s reading of 52. June’s reading was slightly lower than the 52.1 expected by analysts. However, the ...




China manufacturing growth slows further

by Kay Mitchell
”China
Manufacturing activity in China eased last month, two separate surveys have revealed today. Firstly, the official China Federation of Logistics and Purchasing (CFLP) said its purchasing managers index (PMI) fell to 50.9 in June from May’s reading of 52 – the lowest level since February 2009. The reading was also lower than expectations of a reading of 51.5. Secondly, the HSBC China Manufacturing PMI also ...