The Institute for Supply Management’s (ISM’s) purchasing managers index (PMI) today revealed the US manufacturing sector expanded for its 10th month in a row in May, albeit at a slower rate.
The index dropped to 59.7 points in May, slipping from 60.4 the month before. However, any reading above 50 indicates growth within the sector.
Norbert Ore, [...]
Surveys by the Chinese Government and HSBC have today revealed China’s manufacturing activity continued to grow in February, albeit at a slower pace.
The HSBC China Manufacturing purchasing managers’ index (PMI) dipped to 55.8 in February from 57.4 the previous month.
However, a reading above the crucial 50 mark means the sector is expanding.
In the meantime, manufacturing [...]
The Chartered Institute of Planning & Supply(CIPS)/Markit purchasing managers index revealed a marginal rise in UK construction activity to 47.0 in November, from 46.2 in October.
Any figure below the 50 mark represents a contraction but November’s reading represents the highest since August as the rate of decline slows and new order volumes saw an increase [...]
The Chartered Institute of Purchasing & Supply’s Purchasing Managers’ Index has posted a reading of 56.9 on services activity in October, up from 55.3 in September.
The reading of 56.9 was the highest since August 2007 and beat analysts expectations of 55.5.
Furthermore, October’s reading represented the sixth consecutive month the sector has shown an increase above [...]
The Chartered Institute of Planning & Supply(CIPS)/Markit purchasing managers index fell to 46.2 in October, from 46.7 in September, marking the 20th consecutive month of falls due to a slump in demand for commercial and civil engineering work.
Meanwhile, job cuts in the sector also increased at the fastest rate in four months, while input costs [...]