United Kingdom factory growth cools in December from four-year highs - PMI

02 January, 2018, 11:54 | Author: Martin Tyler
  • Smog engulfs Shanghai- measures to counter pollution in China have damaged manufacturing output Wikimedia Commons

Any reading above 50 indicates expansion in the sector.

The pickup in December's manufacturing PMI came on the back of strong demand both at home and overseas.

China is expected to have grown by close to 7 percent in 2017, but the world's second largest economy is likely to slow in the new year on the back of those measures, highlighted as policy priorities at October's key Communist Party congress.

Brexit has weakened the pound against the euro making British exports to its biggest trading partner much cheaper Shutterstock
Brexit has weakened the pound against the euro making British exports to its biggest trading partner much cheaper Shutterstock

The World Bank last month raised its projection for China's gross domestic product (GDP) previous year to 6.8%, up from its October estimate of 6.7%, citing support from strong exports and robust domestic household consumption.

Another major tech producer, Taiwan, saw manufacturing activity hitting its highest since April 2011 at 56.6 last month, according to a December survey. The rate of expansion in France was the fastest for over 17 years.

"Twenty-seventeen was a record-breaking year for the German manufacturing sector", IHS Markit economist Phil Smith said. It was the first slowdown in growth since early 2016.

Winston, Bucs stun Saints in season finale
Defensive end Ryan Russell got the first sack of Saints' quarterback Drew Brees during the Saints' first drive of the second half. The Buccaneers (4-11) scored on a pair of 1-yard runs, the first by Peyton Barber and the second by quarterback Jameis Winston .

Singapore on Tuesday posted slower economic growth in the fourth quarter than the third as manufacturing shrank 11.5 percent following an eye-popping 38 percent jump in the previous three months.

"A lingering concern is that supply-side constraints pose a risk to the sector's ability to kick on", Smith said, adding that huge delivery delays would inevitably be borne out by sustained upward pressure on input costs.

At the annual Central Economic Work Conference (CEWC) chaired by President Xi Jinping, top policymakers pledged to focus on creating "high quality" growth. Concerns over relatively subdued client demand and government policy changes dampened confidence. PMI for the high-tech sector picked up further to 53.8 in December from 53.2 in November, NBS data showed.

Canadian Blood Services in need of donations
About 30 percent of the supply goes to cancer patients in the region, and one in seven entering the hospital need blood. United Blood Services strives to keep a five-day supply of every blood type at all times.

"The PMI has remained above 51 and even exceeded 52 in September". The geographic distributions of the companies covered in the two polls are also different. The survey's authors said a number of respondents signalled that they were receiving higher new orders from customers in North America. The Caixin China General Services Business Activity Index will be published on Thursday.

Apple CEO Tim Cook now takes private planes only
Apple's chief executive Tim Cook has been ordered by the firm to use only private jets for both business and personal transport. Cook's predecessor, the founder of Apple Steve Jobs had his own private jet that was gifted to him during 2000 by Apple .

Recommended:

  • Kevin and Jesus blow to Man City

    Kevin and Jesus blow to Man City

    We know how strong physically it is England but teams miss big players, not just Manchester City. Manchester City striker Gabriel Jesus is facing up to two months out with a knee injury.
    Committed to nuke dev in 2018: North Korea

    Committed to nuke dev in 2018: North Korea

    But in a typically aggressive tone, KCNA said Trump should "not expect any change in its policy" heading into 2018. Mike Mullen on Sunday warned the U.S.is closer to a nuclear war with North Korea than ever before.
    Woman killed in Troy quadruple homicide attended West Genesee High School

    Woman killed in Troy quadruple homicide attended West Genesee High School

    Tedesco vowed that the police would do all it could to solve the crime. "Right now our job is to bring this person to justice". WHY! Symes says Myers' older son has been living with her for about two months. "Our hearts are shattered".
  • Matthew Stafford throws 3 TD passes; Lions beat Packers in finale

    Matthew Stafford throws 3 TD passes; Lions beat Packers in finale

    CB Davon House had a shoulder injury and Williams was evaluated for a concussion late in the game. Stafford finished with 27.12 FanDuel points, ending up as the second-best fantasy QB of the week.
    Millions across the World celebrate as 2018 rolls in

    Millions across the World celebrate as 2018 rolls in

    SkyCity spokesman Brad Burnett said the Sky Tower fireworks display is an important focal point for the city's celebrations. Countries such as New Zealand, Australia and Japan are among the first ones on the globe to welcome in 2018.
    Supply discipline and demand to prop up oil prices in 2018

    Supply discipline and demand to prop up oil prices in 2018

    Inventories are now down by nearly 20% from their historic highs last March and well below this time a year ago or in 2015. In 2018, investors will watch whether rising prices trigger a new flood of United States output, reported Blooomberg.
  • At least 12 die in plane crash in Costa Rica

    At least 12 die in plane crash in Costa Rica

    Two Costa Rican crew members and 10 foreigners were on board, the ministry said. According to Costa Rican authorities, 10 of those passengers were USA citizens.
    JeM claims responsibility for fidayeen attack on CRPF camp

    JeM claims responsibility for fidayeen attack on CRPF camp

    One more militant has been killed, they said adding but bodies of only two militants have so far been recovered. The heavily-armed men hurled grenades and opened fire, trying to enter the training camp located in Awantipora.
    Liberians, Paris Saint-Germain, others hail Weah's presidential victory

    Liberians, Paris Saint-Germain, others hail Weah's presidential victory

    While with AC Milan, Weah in 1995 won World Player of the Year. He is the only African to win FIFA World Player of the Year. Weah is expected to take office in January.
  • The Raiders have fired Jack Del Rio

    The Raiders have fired Jack Del Rio

    The Raiders are believed to be on the verge of hiring Jon Gruden, their coach from 1998-2001, as Del Rio's replacement. They went just 2-6 on the road, unable to capitalize on a season in which they won their first two contests.
    Islamic State claims responsibility for deadly attacks in Kabul

    Islamic State claims responsibility for deadly attacks in Kabul

    Taliban forces fighting US-led North Atlantic Treaty Organisation forces in Afghanistan have denied any involvement in the attack. Bass said the incident "once again demonstrates the depravity of those who seek to undermine peace and stability in Afghanistan".
    Instagram to show 'Recommended for You' posts in Feed

    Instagram to show 'Recommended for You' posts in Feed

    Posts related to followed hashtags will appear in users' feed algorithmically, based on factors including recency and quality. The feature will allow players to view suggested posts for its users on the basis of the likes and dislikes of its users.


Popular

Dangerous Cold To Start 2018
Places such as Boston are on track to break the longest stretch of below-20-degrees days in its recorded history. Sub-freezing temperatures will return Wednesday night and persist through at least Friday afternoon.

Meteorologist David Epstein breaks down the New Year's weekend forecast
We want you to have a happy and safe New Year! Make sure pets have a warm place to stay and give them fresh food and water. The bitterly cold temperatures won't just stop with Saturday night/Sunday morning, but will continue for several days.

NOVA Home Loans Arizona Bowl Recap
Utah State must replace seniors Hunt and cornerback Jalen Davis, a second-team AP All-American, but Love is a redshirt freshman. So multiple breakthroughs are available to USU, facing a New Mexico State program that itself has come to an interesting stage.

Steam Concurrent Users Set a New Record of 3M Online
Reduced occurrences of the issue where replays occasionally crashed back to the lobby screen. Though the patch should help smooth things out, there is more work to be done.

Donald Trump's idea to beat winter cold: Pour global warming on it
Climate change is real and we have a moral obligation to protect this Earth for our children and grandchildren. New Year's Eve 1917 was just 1 degree, while temperatures hit a balmy 11 degrees in 1962.

Hundreds Of Iranians Protest High Prices In Northeastern City Of Mashhad
The protests were mostly directed at Iranian President Hassan Rouhani's government, the Nazar media network reported. A message calling for "No to high prices" protests was circulated recently on Telegram, he wrote in another tweet.

Dirk Koetter will return to coach Bucs next season
Williams believes the missed time also provided extra motivation for the Buccaneers quarterback. Their O/U trends are 0-5 in their last 5 home games, 1-5 in their last 6 games vs.

Former Royals closer Wade Davis off to Colorado Rockies
Holland made $15 million this year, but he did not exercise the $15 million player option after the 2017 season. Friday's agreement totals $52m over three years and reportedly includes a fourth-year vesting option at $14m.

Gunman attacks Coptic church in Egypt
The group's North Sinai affiliate had killed at least seven Coptic Christians in the restive peninsula in less than a month. The elderly mother of the aforementioned man was stripped naked and dragged through a street by a mob to humiliate her.

Dozens Killed in Bombing at Shiite Center and News Agency in Kabul
Afghan president Ashraf Ghani has called the attack on a Shiite Muslim cultural center in Kabul a "crime against humanity". Photo Security officials at the scene of a bomb attack in western Kabul , Afghanistan, on Thursday.