Ashton Whiteley - UK Manufacturing Growth Slows in Q1

05 Апреля, 2018, 01:09 | Author: Angelina Schmidt
  • China's Manufacturing Growth Slows to Four-Month Low

Manufacturing activity grew at its slowest pace in five months in March as output and new orders expanded at weaker rates, a survey showed on Thursday, while reporting employment decreases for the first time in eight months.

At 52.3 in March, the seasonally adjusted Caixin China General Services Business Activity Index fell further from January's multi-year peak, having slipped from 54.2 in February.

The services sector, including finance, real estate, and retail, made up around 51.6% of China's output previous year, leading analysts to view yesterday's data as a sign of the country's slowing economy.

The manufacturing sector grew at a slower pace in March compared to in February, showed the Nikkei India Manufacturing Purchasing Managers' Index (PMI) on Tuesday.

A PMI figure above 50 represents growth while anything below points to contraction.

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IHS Markit report their UK Construction PMI for March 2018 read at 47.0 down from 51.4 a month earlier, well below consensus forecasts from economists which anticipated a reading of 50.9.

There would be a limited impact of the United States tariffs on aluminium and steel on India, as the country's exports to the USA in both the metals makes up for almost 0.4% of the overall merchandise exports, stated Dodhia.

Job creation declined for the first time in the past eight months as the companies reduced their numbers of payroll, although at a marginal pace.

In the meantime, the business sentiment continued to be weak, indicating some concerns about business prospects in the coming 12 months.

On the prices front, the survey noted that the recent "build-up of inflationary pressures eased in March, with softer increases in both input costs and output prices recorded".

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