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The purchasing managers index in the manufacturing industry of the UK fell to 54 points in July from 54.3 points a month earlier, IHS Markit showed. The growth of the industrial sector in July was the slowest in 3 months. The growth rates of both production and new orders slowed in July on the back of a weak increase in new orders inside the country. At the same time, the inflation of purchase prices in July increased due to higher commodity prices and a shortage of certain raw materials. The indicator of positive sentiment in the manufacturing sector declined in July to a low for 21 months on the backdrop of uncertainty about Brexit and the pound sterling exchange rate.
June had seen Philippine inflation advancing faster than what was initially thought. This followed after one of the world’s longest coronavirus lockdowns was lifted. Moreover, food, fuel prices, and the transport index were seen at higher ...
Japan’s factory activity for June contracted for its 14th straight month amid sharp reductions in supply and demand, according to data from a business survey released on Wednesday. Japan is one of many export-reliant nations that have ...
The dollar firmed against the Japanese yen on Wednesday ahead of the release of U.S. manufacturing data expected to show a recovery from the pandemic. The euro traded in a narrow range as traders waited for data on Germany’s manufacturing ...
China’s factory activity grew stronger in June backed by optimism for a quick economic recovery globally. However, struggling export orders indicated that the virus-driven disruptions will continue to cap economic growth longer than ...
June had seen Japan’s manufacturing activity struggling at an 11-year low. This indicated that the novel coronavirus pandemic has greatly affected manufacturers even as services-sector confidence advanced. The au Jibun Bank Flash ...
KYC Policy