Tag: manufacturing activity

UK manufacturing activity contracts in October

UK manufacturing activity contracts in October

The Chartered Institute of Purchasing and Supply (CIPS)/Markit manufacturing purchasing managers’ index (PMI) has today revealed UK manufacturing activity contracted last month. The closely-watched CIPS/Markit manufacturing PMI sank to 47.4 in October from September’s reading of 50.8. Today’s survey means the index has fallen below the crucial 50 mark – which separates growth from expansion. [...]

November 1, 2011 | 0 Comments More
UK third quarter GDP surprises

UK third quarter GDP surprises

The Office for National Statistics (ONS) has today revealed the UK economy expanded by a better-than-expected 0.5% in the July to September period. This compares with a 0.1% growth rate for the second quarter and was better than the 0.3% expected by most economists. The better performance was attributed to production sector output, which rose [...]

China manufacturing growth slows further

China manufacturing growth slows further

Manufacturing activity in China eased further 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 50.7 last month from June’s reading of 50.9. Secondly, the HSBC China Manufacturing PMI also suggested activity is slowing with the index falling [...]

August 1, 2011 | 0 Comments More
CBI revises UK growth prospects

CBI revises UK growth prospects

The Confederation of British Industry (CBI) has today revised its growth prospects for the UK Economy. The employer’s group is now forecasting growth of 1.3% this year, down from its May forecast of 1.7%. Meanwhile, it is still expecting growth of 2.2% in 2012 – unchanged from its previous forecast. The CBI has also suggested [...]

UK service sector activity hits 13-month high in March

UK service sector activity hits 13-month high in March

Growth in the UK’s closely-watched service sector surged ahead in March, figures have revealed today. The Chartered Institute of Purchasing and Supply (CIPS)/Markit purchasing managers’ index (PMI) rose to a 13-month high of 57.1 last month - from February’s reading of 52.6. Analysts had expected the index to remain broadly unchanged. The reading means the [...]

April 5, 2011 | 0 Comments More
Bank Governor: UK inflation will return to target

Bank Governor: UK inflation will return to target

Bank of England Governor Mervyn King has today reiterated that inflation will return to its target of 2% but the timescale is uncertain. His comments come after the Office for National Statistics (ONS) last week announced Consumer Price Inflation (CPI) rose to an annual rate of 4% in January – the highest rate since November [...]

March 1, 2011 | 0 Comments More
UK manufacturing activity holds record high in February

UK manufacturing activity holds record high in February

The Chartered Institute of Purchasing and Supply (CIPS)/Markit manufacturing purchasing managers’ index (PMI) has today revealed UK manufacturing activity held its record high in February. The record level was attributed to higher factory costs, indicating pricing pressures are growing. The closely-watched CIPS/Markit manufacturing PMI remained at 61.5 in February - which represents the highest reading [...]

Euro zone manufacturing sees strong growth in January

Euro zone manufacturing sees strong growth in January

Manufacturing activity in the 17-member euro zone exceeded expectations in January after the Markit Purchasing Managers’ Index (PMI) posted a reading of 57.3 in January - climbing steadily from December’s 57.1. The index continues to remain above the crucial 50 level which indicates expansion and the PMI has been above this level for 16 consecutive [...]

February 1, 2011 | 0 Comments More
UK manufacturing activity hits record high in January

UK manufacturing activity hits record high in January

The Chartered Institute of Purchasing and Supply (CIPS)/Markit manufacturing purchasing managers’ index (PMI) has today revealed UK manufacturing activity surged at a record pace in January. The closely-watched CIPS/Markit manufacturing PMI jumped to 62.0 in January from December’s upwardly revised reading of 58.7. Not only was the reading the highest since records began in 1992, [...]

UK manufacturing activity hits 16-year high

UK manufacturing activity hits 16-year high

The Chartered Institute of Purchasing and Supply (CIPS)/Markit manufacturing purchasing managers’ index (PMI) has today revealed UK manufacturing activity surged at a record pace in December. The closely-watched CIPS/Markit manufacturing PMI rose to 58.3 in December from November’s revised reading of 57.5. Not only was the reading the highest since September 1994, it confounded analysts [...]

January 4, 2011 | 0 Comments More
Chinese manufacturing growth slows in December

Chinese manufacturing growth slows in December

Manufacturing activity in China slowed in December, two separate surveys have revealed. Firstly, the China Federation of Logistics and Purchasing (CFLP) said its purchasing managers index (PMI) fell to 53.9 in December, from 55.2 the previous month. It was the first time in five months that the index had fallen. However, the index remains above [...]

January 2, 2011 | 0 Comments More
UK construction activity falls more than expected in October

UK construction activity falls more than expected in October

The Chartered Institute of Purchasing and Supply(CIPS)/Markit construction PMI index revealed activity slowed in October. The index fell from 53.8 in September to 51.6 last month - confounding expectations of a more modest fall to 53. However, the index remains above the crucial 50 level, which indicates expansion. The figures suggest, though, that construction will [...]

November 2, 2010 | 0 Comments More
US manufacturing activity picks up in October

US manufacturing activity picks up in October

An industry report published yesterday revealed a pick up in US manufacturing activity, due to increasing demand from exports. The Institute for Supply Management (ISM) said its latest index of national factory activity grew to 56.9 in October, from 54.4 the previous month. The reading represented the highest since May and surprised analysts who had [...]

Chinese manufacturing improves further in October

Chinese manufacturing improves further in October

Manufacturing activity in China continued to improve in October, two separate surveys showed today. Firstly, a survey released by the China Federation of Logistics and Purchasing (CFLP) showed the manufacturing activity index rose to 54.7 in October from 53.8 in September. The reading beat forecasts of a level of 52.9. A separate survey from HSBC [...]

November 1, 2010 | 0 Comments More
Moody’s warns of further Irish downgrade

Moody’s warns of further Irish downgrade

Credit rating agency, Moody’s, today warned it may downgrade Ireland’s credit rating again, due to its ailing banking system. In addition, the agency said weak economic growth and rising borrowing costs could lead to the further cut. In July, Moody’s cut Ireland’s sovereign bond rating to Aa2 from Aa1. Other agencies, Standard & Poor’s and [...]

October 5, 2010 | 0 Comments More
Growth predictions revised downwards for Ireland

Growth predictions revised downwards for Ireland

The central bank of Ireland has today predicted the economy will expand by just 0.2% - lower than its previous forecast of 0.8%. In comparison, the Government expects growth of 1% for 2010 as a whole, however, a further forecast is due later this month. The revised projection from the central bank comes as the [...]

October 4, 2010 | 0 Comments More
UK services sector growth slows

UK services sector growth slows

Growth in the UK’s closely-watched service sector slowed in June and hit its lowest level in 10 months. The latest index from the Chartered Institute of Purchasing and Supply (CIPS)/Markit PMI showed a reading of 54.4 in June, down from 55.4 in May. Not only did this represent the lowest level since August last year, [...]

July 5, 2010 | 0 Comments More
Shanghai composite index closes at 15-month low

Shanghai composite index closes at 15-month low

The Shanghai composite index has today closed at a 15-month low over concerns about rising inflation and a slowdown in the economy. The index lost 19 points (0.8%) to close at 2,364, which represented the lowest since April 8, 2009. The index is now down 32% from its high in August last year. The Chinese [...]

China’s economic growth surges ahead

China’s economic growth surges ahead

China’s economy, which is the world’s third largest, expanded at an annualised rate of 11.9% in the first three months of the year. The news comes just a day after the Trade and Industry Ministry announced that Singapore’s economy saw first quarter annualised growth of 32.1% – compared with a 2.8% fall in the previous [...]

April 15, 2010 | 0 Comments More
Singapore economic growth surges ahead

Singapore economic growth surges ahead

The Trade and Industry Ministry today announced that Singapore’s economy saw first quarter annualised growth of 32.1% - compared with a 2.8% fall in the previous quarter. According to the Ministry, the growth was driven by manufacturing activity and the central bank has therefore raised its 2010 growth forecast to between 7% and 9%. The [...]

April 14, 2010 | 0 Comments More