Greece Manufacturing Growth Slows For Second Month

Greece Manufacturing Growth Slows For Second Month

Growth of new export orders slowed in nearly all of the nations covered, the only exceptions being slight improvements in Germany and France.

IHS Markit reported that the UK's manufacturing PMI tumbled from 54.9 to 53.9 last month, with the sector expanding at its slowest pace in 17 months.

Growth in Italian manufacturing activity slowed in April to its weakest rate in more than a year, a survey showed on Wednesday, casting some doubt over the country's near-term economic expansion outlook.

New orders edged up to 55.7 from 55.6 in April as new export orders climbed to the highest since March 2011, the data showed.

New business rose for the sixth consecutive month. The IHS Markit U.S. Manufacturing PMI report came out first, but the ISM Report on Business has tended to be more widely followed by investors and economists.

As per the survey, improvements in demand conditions and rising production resulted in marginal growth in job creation last month. In fact, the rate of expansion in purchasing activity quickened from March's eight-month low.

Cong sees Red as Dalmia holds Fort
The Dalmia Bharat group has started brainstorming on how it intends to develop the Red Fort over the next few months. The Congress Party is asking the government to clarify that no profit activity will take place at the Red Fort .

The Eurozone's new export orders also stood at its 17-month low, which linked to the recent strengthening of the euro exchange rate, especially against the United States dollar, the report highlighted.

Part of the increase in purchase prices was passed on to clients in the form of higher output charges in April.

The report said that in April, eurozone manufacturing employment rose for the 44th month in a row.

"A composite PMI above 50 points indicates that the manufacturing/non-manufacturing economy is generally expanding, 50 points indicates no change and below 50 points indicates that it is generally contracting".

He added that "price data suggests that inflationary pressures, which stem from USA dollar strength, subsided slightly as input cost inflation softened from one month earlier and now settled below the historical average".

PMI is calculated using five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment. Problematically, the rate of contraction quickened the fastest in just over a year. There is also a continued price pressure as the prices are called increasing at faster rate when both exports and imports are growing.

Related News:



Most liked

Karnataka : Modi left door open with JD(S)
After the strikes, one Congress leader had called Army chief General Bipin Rawat a "gunda [thug]", Modi alleged . The people of the State never accepted the risky RSS ideology.

9 people aboard military plane that crashed in Savannah, no apparent survivors
US President Donald Trump tweeted he had been briefed on the incident, and offered his condolences to the families of the victims. NBC affiliate WSAV is reporting that two people have been killed in the crash, however this has not been officially confirmed.

Strong tornadoes possible in central USA ; warmup arrives on East Coast
Areas farther south, including a band between Dodge City and Wichita are in a slight risk for thunderstorm activity Tuesday. Ahead of the severe weather it will suddenly feel like summer for the Midwest and Northeast.

Amazon to expand Vancouver tech hub, create 3000 new jobs
Combined with 1,000 new Amazon jobs announced in November, this will bring the company's total employment across Canada to 9,000. In 2016, the company opened a fulfillment center in Fall River, Massachusetts, that employs more than one thousand workers.

U.S. pushes Riyadh to confront Tehran, stirs crisis
President Donald Trump has strongly backed Saudi Arabia in its efforts to counter Iran's influence. Khomenei accused the United States with deception in his address.

Male Cosby juror says conviction was cinched by Quaaludes, not Me Too
One woman pointedly called Cosby a "serial rapist", and another asked him through her tears, "You remember, don't you, Mr. Harrison Snyder said it was the comedian's " own deposition" that made him come to his conclusion.

Sainsbury's to buy Asda from Walmart in $10.1 billion deal
The group - which also owns Argos - said the merger would create a network of more than 2,800 Sainsbury's , Asda and Argos locations.

IPhone X blamed for Apple's slow growth in smartphone sales
As iPhone sales start to plateau, Apple is becoming more reliant on its services and other products to help boost growth. That made it hard to price the product much below $999, without slicing Apple's legendary profitability.

Arizona governor declares state of emergency in response to Tinder Fire
The largest fire now burning is the Tinder Fire in Arizona, which has burned about 8,000 acres and prompted evacuations. Structures were lost due to the fire, but it was unclear as of Monday morning what those structures were, said InciWeb.

Michelle Wolf: 'I Wouldn't Change a Single Word' of My WHCD Speech
Wolf has drawn both condemnation and admiration for her brunt, brutal jokes about Sanders and Trump advisor Kellyanne Conway . I'm very happy with what I said, and I'm glad I stuck to my guns", she told Gross.

'Avengers: Infinity War' Is Setting All Kinds Of Box Office Records
It dethroned the previous domestic victor from its own franchise - The Avengers (2012) and also decimated DCEU film Batman v. On Rotten Tomatoes , it has a score of 84 percent on the Tomatometer and a higher 93 percent from the audience.

Zidane aims to overcome Bayern in Champions League semis
Ribery joined Bayern in 2007 and holds the club record for a foreign player of 247 Bundesliga appearances, scoring 80 goals. The big guns were back in action on Monday though with the likes of Luka Modric, Marcelo and Sergio Ramos also returning.

Burning Man founder dead at 70
Less than a week later, on April 4th, Lee Harvey suffered the massive stroke that would eventually claim his life. Last year, a man died after running into the burning flames and suffering burns on nearly his entire body.

Donald Trump calls for Jon Tester to resign over Jackson opposit
Trump carried Montana in the 2016 elections with over 56 percent, compared to Hillary Clinton's less than 36 percent ( pdf ). Jackson, a former rear admiral in the United States Navy, was appointed White House physician by former President George W.

Shaquem Griffin becomes first one-handed player selected in National Football League draft
His twin brother, Shaquill Griffin , was a third-round pick of the team past year and started 11 games at cornerback. I get that Shaquem only has one hand, but he's proven he can be be an wonderful player despite his disability.