UK Markit August mftg PMI SA 56.9 vs 55.0 exp

Posted September 02, 2017

Growth in China's services sector slowed in August, hitting the lowest level since May 2016, an official survey showed on Thursday.

A measure of factory output rose to 56.9 from a revised 55.3 in July, according to IHS Markit's Purchasing Managers' Index. A reading above 50 indicates expansion.

United Kingdom manufacturing activity surged in August, according to data released by IHS Markit Friday, with sentiment among businesses across the industry hitting a three year peak during the recent month.

To cope, companies stepped up the pace of hiring, which Gill said a current upswing in employment still had "far from run its course".

Dera violence: Restore peace, Rajnath Singh to Punjab, Haryana Chief Ministers
In a statement here, he said Punjab needs peace and communal harmony most of all as it has already suffered grievous wounds. But Amarinder admitted that talks were held between Punjab and Haryana intelligence officials if not CMs and police chiefs.

United Kingdom manufacturing activity surprised to the upside in August as business confidence picked up.

"The manufacturing sector appears to be on track to contribute towards an upswing in GDP growth in 2017", IHS Markit economist Sam Teague, said.

The stronger-than-expected private payrolls report, which often serves as a precursor to monthly nonfarm payrolls data slated for Friday, pointed to continued strength in the US labor market, easing expectations the Federal Reserve may abandon its plan to hike rates later this year. This was highlighted by the sharpest increase in export sales since March 2010. The positivity was largely attributed to rising demand, new product launches, a stronger global economy and planned investment.

Taiwan's manufacturing survey saw the fastest growth in four months, while South Korea's exports beat expectations and posted their longest run of growth in nearly six years. "The drop in the output index indicates that manufacturing could act as a drag on the economy in the third quarter, with exports dampening order book growth". However, the overall rate of increase remained well below the record high seen at the start of the year. Efforts to reduce costs led many manufacturers to cut payroll jobs, but the pace of firings was the lowest in three months.