Wednesday, 23 May, 2018

UK Markit August mftg PMI SA 56.9 vs 55.0 exp

UK Markit August mftg PMI SA 56.9 vs 55.0 exp UK Markit August mftg PMI SA 56.9 vs 55.0 exp
Debra Rodriguez | 02 September, 2017, 01:07

Sustained growth in new orders led firms to expand their production schedules again in August. Growth in new export business and new work were both "robust", Markit said.

"(The) survey showed growth moving broadly sideways, maintaining the recent positive trend of improvement in the health of the manufacturing sector", said Paul Smith, senior economist at IHS Markit, which compiles the survey.

The manufacturing Purchasing Managers' Index rose to 57.4 in August, in line with flash estimate, from 56.6 in July and equaling June's 74-month high. Demand from overseas also lagged, with new export orders slipping to 50.9 from 52.7. The top export markets included mainland Europe, the USA, Australia and China, thanks in part to the relative weakness of the sterling exchange rate. While overall economic growth slowed in the first half as consumer spending stalled, some Bank of England policy makers are calling for an interest-rate increase to keep a lid on above-target inflation. However, nearly 31% of companies said they experienced an increase in the price of materials required for their operations, generally linked to the rising cost of commodities.

As well, copper is now at three-year highs having put on 7 per cent last month, while aluminium, nickel and zinc prices have been rising at their fastest monthly pace in five years. The FTSE 100 was marginally higher at the start of the new month, and in midmorning trading stood at 7428.

Still, he said he was encouraged by signs of improved domestic demand.

Manufacturers remained optimistic regarding the production outlook for the next 12 months amid expectations of better economic conditions, greater investments and business expansion plans underpinning confidence.

"With the eurozone PMI hovering at a seventy four month high and sterling hitting eight-year lows last month, the buoyant demand picture seen across manufacturing supply chains is not surprising".

Recommended

  • Thomas Lemar scores stunner for France against Netherlands

    Thomas Lemar scores stunner for France against Netherlands

    Despite being a popular player around Liverpool , his relationship with the club has soured in recent weeks. Therefore, Coutinho is a viable target for Barcelona , who can be a long-term solution at Camp Nou.

    Mattis 'Freezes' Trump's Transgender Military Ban

    The study estimated that a few to several thousand transgender troops are on the active duty force of 1.3 million. Some congressional offices and think tanks have conducted their own studies on the issue.
    Crude Oil Extends Monthly Low Ahead Of Inventories

    Crude Oil Extends Monthly Low Ahead Of Inventories

    It would've been a much bigger issue a decade ago, when the Gulf accounted for almost 30% of the nation's oil production. Low oil prices made it more profitable for refiners to turn oil into gasoline, and they created even more than needed.
  • Ogun Hajj Board Denies Death Of Pilgrims

    Ogun Hajj Board Denies Death Of Pilgrims

    Confirming this development, the Commissioner in Charge of health, National Hajj Commission of Nigeria, NAHCON, Dr. On Friday, they will move on to Mina before sunrise for the hajj ritual of the symbolic "Stoning of the Devil".
    United Kingdom  not dealing with border issue, claims EU Commission boss

    United Kingdom not dealing with border issue, claims EU Commission boss

    The EU will not negotiate trade before a financial settlement, EU citizen's rights, and the Irish border issues are settled. The criticism contradicted Theresa May's claims that it was the United Kingdom providing clarity on Brexit .
    Biebs' testicles at centre of new lawsuit

    Biebs' testicles at centre of new lawsuit

    A month later, hospital honchos summoned Lombardo , accused her of peeking at private records, and eventually fired her. An examination showed that Bieber's testicles were fine. 'They targeted her because of her gender, ' Rosenberg said.
  • US Factory-Sector Activity Hits Six-Year High

    US Factory-Sector Activity Hits Six-Year High

    Nine of the ten index components grew, while the customers' inventories index contracted for the second consecutive month. It may not be the largest share of the United States economy, but the manufacturing sector is on fire.
    British PM says China should increase pressure on North Korea

    British PM says China should increase pressure on North Korea

    Japanese officials have already played down the chances of Tokyo coming forward with any assurances on a trade deal with the U.K. He said May's hosts had grave doubts about Brexit: "The Japanese simply don't understand why we're doing this".
    Cummins unveils next-gen diesel engines and electric truck

    Cummins unveils next-gen diesel engines and electric truck

    It is capable of hauling up to 44,000 pounds of cargo, but even with the 140-kWh battery pack, it has a 100-mile range. That's one of the reasons why Tesla is already committed to entering the commercial vehicle space.
  • Former Villanova Basketball Coach Rollie Massimino Dies at Age 82

    Former Villanova Basketball Coach Rollie Massimino Dies at Age 82

    Villanova posted 10 seasons of 20 victories or more in Massimino's tenure and he was the 1982 BIG EAST Coach of the Year. Each of the players recruited to Villanova by Massimino who spent four years in the program earned his degree.
    Liverpool agree £40m fee with Arsenal for Oxlade-Chamberlain

    Liverpool agree £40m fee with Arsenal for Oxlade-Chamberlain

    Arsenal had agreed a £40m deal with the Blues and Liverpool have matched that offer, according to the BBC . Liverpool have opened talks with Arsenal over a deal for midfielder Alex Oxlade-Chamberlain.
    Princes William and Harry visit Diana memorial garden

    Princes William and Harry visit Diana memorial garden

    As the rain came steadily down, they looked at the flowers and posters on the palace gates as a small crowd watched silently... The White Garden now marks the fourth memorial in London that has been dedicated to The People's Princess .

Thomas Lemar Breaks Silence After Failed Arsenal Move Thomas Lemar Breaks Silence After Failed Arsenal Move Wenger declared a deal for Lemar "dead" earlier this month . "I was focused on my game, that's all that mattered to me". Lemar scored twice for France in their 4-0 thrashing of Holland in a 2018 World Cup qualifier on Thursday night.

Ox to Liverpool and Sterling for Sanchez? Neville 'sad' at Arsenal plight Ox to Liverpool and Sterling for Sanchez? Neville 'sad' at Arsenal plight "Not only have we lost a great player we've lost a great guy in the changing room and It is sad to see you go mate". Per the source, Sanchez who has under 12 months left on his contract - is demanding a £400,000-a-week contract deal.

Celtics, Cavaliers reach agreement on Kyrie Irving, Isaiah Thomas trade Celtics, Cavaliers reach agreement on Kyrie Irving, Isaiah Thomas trade Celtics General Manager, Danny Ainge had seen talents like Paul George , Jimmy Butler and Chris Paul pass on by to other teams. So who won the trade? Irving is exactly the type of player the Celtics need, a proven playoff performer and a victor .

Thomas Lemar STARTS for France against Holland in World Cup qualifier Thomas Lemar STARTS for France against Holland in World Cup qualifier Liverpool and Arsenal have been heavily linked with French global and Monaco star Thomas Lemar and the transfer saga has taken another twist.

Oval cricket ground evacuated after 'metal-tipper arrow' found on pitch Oval cricket ground evacuated after 'metal-tipper arrow' found on pitch The police arrived very swiftly and the umpires did a very good job in removing the players from the pitch very, very quickly. A police spokesman added: "At this stage, the incident is not being treated as terrorism-related".

Which Analysts Are Watching Rice Midstream Partners LP (NYSE:RMP)? Which Analysts Are Watching Rice Midstream Partners LP (NYSE:RMP)? The pipeline company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.03. New York-based Neuberger Berman Group Ltd Com has invested 0.03% in Magellan Midstream Partners, L.P. (NYSE:MMP). (NYSE:GES).

Qantas is ditching Dubai for flights to London Qantas is ditching Dubai for flights to London The alliance is conditional on Australian Competition and Consumer Commission (ACCC) approval. The second Singapore -Sydney daily service will continue to be operated by an A330 aircraft.

Mueller reportedly working with top Trump foe, could end-run presidential pardon Mueller reportedly working with top Trump foe, could end-run presidential pardon The sources told NBC News that prosecutors want to know what Trump knew about the meeting and whether he sought to hide its goal . The president has repeatedly called it a "witch hunt", has denied any collusion with Moscow and has been critical of Mueller.

Texas Oil Industry Sees Production, Permit Gains Texas Oil Industry Sees Production, Permit Gains US crude futures settled 98 cents lower at $47.43 a barrel and Brent crude ended down 53 cents a barrel, or 1 percent, at $52.04. Sharara recently reached output of 280,000 barrels per day (bpd), but closed earlier this week due to a pipeline blockade.

Rs 1000 note to make a comeback in new avatar Rs 1000 note to make a comeback in new avatar Finance Minister Arun Jaitley on Wednesday said that the volume of cash in circulation had dropped by 17%, as per the RBI report. After the note ban, old notes were allowed to be deposited in banks, with unusual deposits coming under income tax scrutiny.

Roger Federer v Frances Tiafoe - player profiles Roger Federer v Frances Tiafoe - player profiles I didn't think it was that bad and when the crowd got into it it was really cool. Babos took the opening set 7-6 (4). Time to play catch-up at the U.S.

Total's Port Arthur, Texas, refinery expects water to recede by weekend Total's Port Arthur, Texas, refinery expects water to recede by weekend Neither the Bob Bowers Civic Center nor the Carl Parker Center could be reached by phone in time for this report's publication. The National Hurricane Center described the flooding in southeastern Texas as "catastrophic" and "life-threatening".

Historic FDA Approval Makes First Gene Therapy Available in US Historic FDA Approval Makes First Gene Therapy Available in US The treatment reprograms a patient's T cells to carry a "chimeric antigen receptor" that targets cancer cells. Auto directs the T cells to target and attack leukemia cells that have CD19 on the surface.

Is new CEO Dara Khosrowshahi's taking over signalling changes at Uber? Is new CEO Dara Khosrowshahi's taking over signalling changes at Uber? However, it was Khosrowshahi, the consensus candidate, who received unanimous votes during a board meeting on Sunday . The hiring of Khosrowshahi comes as Uber is hoping to move past a 2017 that has shellacked the company.

Union Cabinet approves ordinance making luxury cars, SUVs more expensive Union Cabinet approves ordinance making luxury cars, SUVs more expensive The Council which is headed by Finance Minister along with other finance ministers of the states has chose to hike the cess. He said out of the total amount of the GST collected, the Centre got Rs 444 crore through various cesses .