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18th of October 2010
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News Tag: activity

October 5, 2010

US services sector growth fuels recovery hopes

by Kay Murchie
”US
It appears the recovery in the world’s largest economy is gathering momentum after figures revealed activity in the services sector beat expectations last month. The Institute for Supply Management’s (ISM’s) non-manufacturing index climbed to 53.2 in September, from 51.5 the previous month. Activity in the sector, which covers approximately 90% of economic output, was higher than analysts expectations of a reading of ...




UK services sector activity beats expectations in September

by Kay Murchie
”UK
Growth in the UK’s closely-watched service sector picked up in September from a 16-month low. The latest index from the Chartered Institute of Purchasing and Supply (CIPS)/Markit PMI climbed to 52.8 in September, from 51.3 the previous month, beating expectations of a reading of 51. However, the index remains above the crucial 50 level, which indicates expansion. Worryingly, though, companies in the ...




October 4, 2010

UK construction activity picks up in September

by Kay Murchie
”UK
The Chartered Institute of Purchasing and Supply(CIPS)/Markit construction PMI index showed activity improved last month, driven by the commercial sector and civil engineering. However, activity in the housebuilding sector dropped - bringing an end to a year-long period of expansion. The index edged higher to 53.8 in September, from 52.1 in August - surprising analysts, who had expected a fall to ...




October 1, 2010

UK manufacturing activity continues to slow in September

by Kay Murchie
”UK
The Chartered Institute of Purchasing and Supply (CIPS)/Markit manufacturing purchasing managers’ index (PMI) has today revealed UK manufacturing activity continued to slow in September. The closely-watched CIPS/Markit manufacturing PMI slid to a 10-month low of 53.4 in September, down from a revised 53.7 in August. The reading represented the lowest since November 2009 and fell short of expectations of a level ...




Chinese manufacturing improves in August

by Kay Murchie
Chinese manufacturing improves in August
Manufacturing activity in China improved in September, two separate surveys showed today. Firstly, the HSBC China Manufacturing purchasing managers index (PMI) edged higher to 52.9 in September, from 51.9 in August, due to growth in production and new orders. In the meantime, a separate survey released by the China Federation of Logistics and Purchasing (CFLP) showed manufacturing activity also rose to 53.8 in ...




August 4, 2010

UK services sector growth continues to slow

by Kay Murchie
”UK
Growth in the UK’s closely-watched service sector slowed further in July - by the slowest rate in 13 months. The latest index from the Chartered Institute of Purchasing and Supply (CIPS)/Markit PMI showed a reading of 53.1 in July, dipping from 54.4 in June. Not only did this represent the lowest level since June last year, it was also weaker than forecasts ...




August 3, 2010

UK construction activity slows in July

by Kay Murchie
”UK
The Chartered Institute of Purchasing and Supply(CIPS)/Markit construction PMI index showed activity slowed considerably last month to a four-month low. The index slumped to 54.1 in July from 58.4 in June – suggesting the sector may have peaked. However, the index is still above the crucial 50 level, which indicates the sector is growing. "The survey points to a marked loss of momentum in ...




August 2, 2010

US manufacturing activity expands for 12th straight month

by Kay Murchie
”US
The Institute for Supply Management’s (ISM’s) purchasing managers index (PMI) today revealed the US manufacturing sector expanded for the 12th month in a row in July. The growth was better than the 54.2 analysts had forecast with the index dipping to 55.5 in July from 56.2 the previous month. However, while any reading above 50 indicates growth within the sector, ...




UK manufacturing activity slows further in July

by Kay Murchie
”UK
The CIPS/Markit manufacturing purchasing managers’ index (PMI) has today revealed UK manufacturing activity slowed further in July. The closely-watched CIPS/Markit manufacturing PMI dipped slightly from 57.6 in June to 57.3 in July. However, the reading exceeded forecasts of 57.0 and is still close to May’s 15-year high of 58.1. Furthermore, the sector has now expanded for a whole year and it remains way ...




Chinese manufacturing sees further slowdown in July

by Kay Murchie
”Chinese
There is further evidence today that China’s economy is cooling after two official independent surveys revealed a slowdown in manufacturing activity. Firstly, the HSBC China Manufacturing purchasing managers index (PMI), fell to 49.4 in July from 50.4 in June. As a result, manufacturing contracted for the first time in 16 months as any reading below the crucial 50 mark means the sector ...




July 1, 2010

UK manufacturing activity drops from 15-year high in June

by Kay Murchie
”UK
The CIPS/Markit manufacturing purchasing managers’ index (PMI) has today revealed UK manufacturing activity slowed from its 15-year high in June. The closely-watched CIPS/Markit manufacturing PMI dipped from 58 in May to 57.5 in June. The dip suggests the sector’s recovery may have peaked but it is still above the crucial 50 mark, which represents growth, and was in line with ...




Surveys reveal slowdown in Chinese manufacturing activity

by Kay Murchie
”Surveys
There is evidence today that China’s economy is cooling after two official independent surveys revealed a slowdown in manufacturing activity. The HSBC China Manufacturing purchasing managers index (PMI), fell from 52.7 in May to 50.4 in June. While the index experienced a drop, it is still just above the crucial 50 mark, which means the sector is growing. HSBC chief China economist ...




May 5, 2010

UK construction activity soars to 2½ year high

by Kay Murchie
”UK
The Chartered Institute of Purchasing and Supply/Markit construction PMI index grew in April at its fastest rate since September 2007 - prior to the economic downturn. The index jumped to 58.2 in April, up from an unrevised 53.1 in the previous month. Any reading above 50 indicates growth within the sector. The growth was attributed to a rise in new orders ...




April 6, 2010

UK construction activity grows in March

by Kay Murchie
”UK
The Chartered Institute of Purchasing and Supply/Markit construction PMI index surged in March for the first time in over two years as housebuilding picked up. The index jumped to 53.1 points in March, up from 48.5 the previous month and the first month the index has enjoyed growth since February 2008. Any reading above 50 indicates growth within the sector. The growth was ...




April 1, 2010

UK manufacturing activity rises to 15-year high

by Kay Murchie
”UK
The CIPS/Markit manufacturing purchasing managers’ index (PMI) has today revealed UK manufacturing activity grew at its fastest rate since October 1994 in March. The closely-watched CIPS/Markit manufacturing PMI climbed to 57.2 in March from 56.5 the previous month. The index has exceeded the crucial 50 mark, which represents growth, since July 2009 and March’s figure just exceeded analysts’ expectations of a level ...




March 3, 2010

UK service sector recovers after snowy January

by Kay Murchie
”UK
The UK’s closely-watched service sector recovered in February after experiencing a dip in January as a result of bad weather disrupting services, as well as the VAT rise. The latest activity index from the Chartered Institute of Purchasing and Supply (CIPS)/Markit PMI showed a reading of 58.4 in February, up from 54.5 in January. Any reading above 50 indicates growth and February‘s ...




March 1, 2010

China manufacturing continues to grow in February

by Kay Murchie
”China
Surveys by the Chinese Government and HSBC have today revealed China's manufacturing activity continued to grow in February, albeit at a slower pace. The HSBC China Manufacturing purchasing managers' index (PMI) dipped to 55.8 in February from 57.4 the previous month. However, a reading above the crucial 50 mark means the sector is expanding. In the meantime, manufacturing output grew for the 11th ...




February 3, 2010

UK services sector activity dips in January

by Kay Murchie
”UK
The key services sector slowed in January as a result of bad weather and the VAT rise, according to analysts. The latest activity index from the Chartered Institute of Purchasing and Supply (CIPS)/Markit PMI showed a reading of 54.5 in January from the 56.8 in December - however, any reading above 50 indicates growth. The reading was less than analysts expectations of ...




February 2, 2010

Construction industry contracts at slower rate

by Kay Murchie
”Construction
There were further hopes of a strong recovery today after the Chartered Institute of Purchasing & Supply (CIPS)/Markit purchasing managers’ index (PMI) rose to 48.6 in January, up from 47.1 the previous month - the smallest fall in activity during the current 23-month period of contraction. The figures came just a day after the CIPS/Markit manufacturing PMI revealed UK manufacturing activity ...




January 4, 2010

Chinese manufacturing activity surges in December

by Kay Murchie
”Chinese
Positive economic news just keeps on coming from the world’s third largest economy after the purchasing managers index (PMI) from HSBC Holdings and Markit Economics revealed that Chinese manufacturing grew by the biggest margin in five years last month. The index, which is based on a survey of more than 400 Chinese manufacturers, rose from 55.7 in November to 56.1 in December ...




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