Worldwide

Nikkei PMI declines to 49.9 in Dec as Malaysian manufacturing sector stagnates

Nikkei PMI declines to 49.9 in Dec as Malaysian manufacturing sector stagnates”

Spain's manufacturing sector expanded at a solid pace in December thanks to strong output and hiring, a survey showed on Tuesday, in the latest sign that economic growth throughout 2017 held steady until the end of the year.

The projection of an improvement in underlying demand conditions was the key reason behind business confidence, according to anecdotal evidence, said the Nikkei Malaysia Manufacturing Purchasing Managers' Index (PMI). It was also lower compared to the 55.7 reading posted a year earlier.

"Strong business performance was underpinned by the fastest expansions in output and new orders since December 2012 and October 2016 respectively", said Aashna Dodhia, an economist at IHS Markit and author of the report.

Readings above 50 signal an expansion while readings below 50 signal a contraction.

Investec said this was in spite of an easing in growth in New Export Orders, although overseas demand remained marked, particularly from North American customers.

Antonio Conte Talks Eden Hazard, Thibaut Courtois Rumours
For us, I repeat, it's very important to look at ourselves and then try to find the right way to improve. Conte insisted: "I don't know about this issue, but I think the family is not a problem".

Calif. officer killed, another injured in Christmas Eve crash
The collision was reported at 12 a.m. near A Street and involved a auto that reportedly rear ended a CHP patrol vehicle. Inside, in the passenger seat, was Officer Andrew Camilleri, a married father of three children.

The Ocean's 8 all-female art heist trailer is out
Cue the music! Beyonce's Run the World (Girl ) song is what comes to mind while watching Ocean's 8 first official trailer. She told Entertainment Weekly she was trying to keep as many details as possible about the movie under wraps.

Analysts also expect that manufacturing growth will also be affected in the coming months by restrictions on factory production in some areas and especially in heavy industries to reduce pollution.

In response to greater inflows of new orders, good producers were encouraged in December to engage in input buying at the sharpest rate since August 2015.

China's GDP, a measure of economic growth, rose by 6.8% year-on-year from July to September, slowing from a 6.9% pace in the first and second quarters. Nonetheless, business conditions strengthened in each of the past 49 months. Companies reported cross-sector increases for raw material, forcing them to raise their average selling prices in order to pass on some of the cost burden to clients.

The manufacturing sector employed less people as the sub-index of employment dropped 0.3 percentage points month on month to 48.5 in December.



Like this

Latest


02 January 2018
Doctors in Kerala to join nationwide strike against bill today
The implementation of the new bill of the government under National Commission proposal will strengthen the medical colleges. Bill, which was tabled at the Indian parliament last week, is likely to come up for discussion on Tuesday.

01 January 2018
Florida's minimum wage set to increase on January 1
The new minimum wage would result in an Irish worker taking home a gross income of €1,613.95 per month, and €1,521.57 after tax. Cathy Young, R-Olean, and Goodell for making sure the increase to $15 is phased in over the next few years.

31 December 2017
Activist Erica Garner dies in Brooklyn
Garner's oldest daughter, Erica, became a prominent activist and outspoken critic of police misconduct after her father's death. Erica Garner suffered a heart attack and had been hospitalized since the day before Christmas Eve.

30 December 2017
California Decides to Opt-In to FirstNet Nationwide Public Safety Broadband Network
In Washington and OR , as in Colorado, an AT&T commitment to "additional tower investments" proved key. Florida has joined a national program created to improve mobile communications for first responders.

30 December 2017
Protesters arrested in Iran after rally against price hikes
Various chants appeared to target both Supreme Leader Ayatollah Ali Khamenei, without naming him, and President Hassan Rohani. Police also arrested a small number of demonstrators in Tehran protesting price hikes and the president's economic policy.

27 December 2017
USA sanctions N.Korean missile experts, Russian Federation offers to mediate
Following the vote on Friday, US President Donald Trump endorsed the stricter measures, saying on Twitter "The World wants Peace, not Death!".

27 December 2017
Echo Dot tops Amazon's holiday sales season
Amazon on Tuesday said this year marked its "biggest holiday season" yet with record level sales. The most requested song from Alexa during the holidays was " Jingle Bells ".

23 December 2017
Cops: Elderly couple said bags of weed were Christmas gifts
A Sheriff's Department in Nebraska was in for a surprise when they stopped an elderly couple for a traffic violation. When asked about the Jirons' custody status by the Washington Post, authorities simply replied, "they're not here".

22 December 2017
Yes, Virginia, Every Vote Does Count
The news spread like wildfire that Republicans had lost their majority and were now going to have to share power with Democrats. Two others were scheduled this week and a recount in Fairfax and Prince William counties confirmed the re-election of Del.

22 December 2017
Bitcoin Cash makes waves as it becomes available on Coinbase
Accordingly, per the GDAX blog, BCH order books were scheduled to reopen this morning, December 20, 2017, at 9:00 a.m. Insider trading in the run-up to the actual launch is one thing; what happened during the actual launch is another.



Recommended