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Thursday 13th of January 2011

News Tag: purchasing managers’ index

January 6, 2011

UK service sector activity in surprise contraction in December

by Kay Murchie
”UK
Growth in the UK’s closely-watched service sector contracted in December - suggesting a sharp slowdown in economic growth in the final quarter of 2010. The Chartered Institute of Purchasing and Supply (CIPS)/Markit purchasing managers' index (PMI) fell to 49.7 in December, down from the reading of 53.0 in November. Not only did the sector endure its first fall in activity ...



January 2, 2011

Chinese manufacturing growth slows in December

by Kay Murchie
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 the crucial 50 level, which indicates expansion and it ...



December 13, 2010

Scottish manufacturers see strong rise in production

by Kay Murchie
”Scottish
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 ...



November 4, 2010

Euro zone services sector growth slows in October

by Kay Murchie
Euro zone services sector growth slows in October
Figures today have revealed growth in the euro zone's service sector slowed last month, as growth in new orders remained weak. The Markit euro zone Services Purchasing Managers' Index (PMI), fell to an 8-month low last month of 53.3, down from 54.1 in September. However, analysts had expected the index to fall to 53.2 but the index remains above the crucial ...



October 1, 2010

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 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, ...



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 ...



June 1, 2010

US manufacturing growth rate eases in May

by Kay Murchie
”US
The Institute for Supply Management's (ISM's) purchasing managers index (PMI) today revealed the US manufacturing sector expanded for its 10th month in a row in May, albeit at a slower rate. The index dropped to 59.7 points in May, slipping from 60.4 the month before. However, any reading above 50 indicates growth within the sector. Norbert Ore, chairman of the ISM's manufacturing ...



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 1, 2010

Russia’s economy contracts 7.9% in 2009

by Kay Murchie
...



December 2, 2009

UK construction sector contracts for 21st consecutive month

by Kay Murchie
”UK
The Chartered Institute of Planning & Supply(CIPS)/Markit purchasing managers index revealed a marginal rise in UK construction activity to 47.0 in November, from 46.2 in October. Any figure below the 50 mark represents a contraction but November’s reading represents the highest since August as the rate of decline slows and new order volumes saw an increase for the first time ...



November 4, 2009

Growth in UK services sector boosts economy hopes

by Kay Murchie
”Growth
The Chartered Institute of Purchasing & Supply's Purchasing Managers' Index has posted a reading of 56.9 on services activity in October, up from 55.3 in September. The reading of 56.9 was the highest since August 2007 and beat analysts expectations of 55.5. Furthermore, October’s reading represented the sixth consecutive month the sector has shown an increase above the crucial 50 mark ...



November 3, 2009

Construction sector contracts for 20th consecutive month

by Kay Murchie
”Construction
The Chartered Institute of Planning & Supply(CIPS)/Markit purchasing managers index fell to 46.2 in October, from 46.7 in September, marking the 20th consecutive month of falls due to a slump in demand for commercial and civil engineering work. Meanwhile, job cuts in the sector also increased at the fastest rate in four months, while input costs were rising, according to the ...



November 2, 2009

UK manufacturing activity beats expectations

by Kay Murchie
”UK
The Chartered Institute of Purchasing & Supply (CIPS)/Markit purchasing managers index of manufacturing activity grew to 53.7 in October, up from the revised reading of 49.9 the previous month. The reading beat forecasts of a rise to 50.0 and represented the fastest pace of growth in two years. Furthermore, new orders rose at their fastest in almost six years with the index surging by ...



November 1, 2009

Chinese manufacturing grows at fastest rate in 18 months

by Kay Murchie
Chinese manufacturing grows at fastest rate in 18 months
China's economy continues to show impressive strength after figures show that the manufacturing sector expanded in October at its fastest rate in 18 months. The purchasing managers index (PMI) from the state-sanctioned China Federation of Logistics and Purchasing rose to a seasonally adjusted 55.2 in October, up from 54.3 the previous month, Any figure above 50 in the survey indicates ...



September 30, 2009

US markets fall on weak data, FTSE has best quarter

by Kay Murchie
US markets fall on weak data, FTSE has best quarter
Today the world’s largest economy received a boost after the Commerce Department revealed that the US economy shrank at a far slower rate in the second quarter than previous estimates showed. According to the Commerce Department, the US economy contracted by 0.7% between the April and June period rather than the 1% previously reported and far better than ...



September 3, 2009

Euro zone sees slide in retail sales

by Kay Murchie
Euro zone sees slide in retail sales
A slight dip in retail sales has been reported in the euro zone for July said Eurostat, but a rise has been reported in economic activity, according to the latest Purchasing Managers' Index (PMI). According to Eurostat, retail sales in July fell 0.2% compared with June, dragged down by lower sales of food and drinks. Meanwhile, retail sales fell 1.8% on ...



September 1, 2009

China PMI rises to 16-month high in August

by Kay Murchie
”China
The Chinese economy received a boost today after the official purchasing managers' index (PMI) rose to a 16-month high of 54 points in August, up from 53.3 the previous month. August represented the sixth consecutive month that the official PMI figure was above the crucial 50 level - which represents growth and suggests that the economy is back on ...



July 1, 2009

UK manufacturing production in first rise since March 2008

by Kay Murchie
”UK
There are hopes that the UK’s beleaguered manufacturing industry is recovering after the Purchasing Managers' Index from the Chartered Institute of Purchasing and Supply (CIPS) said output in the industry rose for the first time since March 2008 in June. The index showed a reading of 52.1 - anything above 50 is positive and indicates growing production. While today’s figures ...



February 2, 2009

UK manufacturing sector continues to contract

by Kay Murchie
”UK
The latest Purchasing Managers' Index (PMI) has revealed that activity in the UK manufacturing sector slowed during January but was a marginal improvement on December. The Chartered Institute of Purchasing and Supply (CIPS) and Markit, who collate the information, said the figure improved slightly to 35.8 from December's figure of 34.9 and November’s record low of 34.5. However, January’s figure is still the ...



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