Markets

Greece Manufacturing Growth Strongest In 9 Years

Greece Manufacturing Growth Strongest In 9 Years

The Caixin China manufacturing PMI for August came in at the six-month high of 51.6, topping a Reuters analyst poll.

Data compiler IHS Markit said its final purchasing managers' index rose to 55.8 in August from 54.9 in July, unchanged from a preliminary estimate.

New orders rose for the 33rd consecutive month, while strong demand in Asia helped new export business to rise at its fastest pace since May 2010.

Manufacturing also expanded solidly in the world's No.3 economy, Japan, as domestic and export orders picked up.

"A particularly strong showing by the non-metallic mineral products sub-sector reflects its close links with the building and construction industry buoyed by investment in infrastructure, a lift in commercial building and solid levels of activity in residential building", Willox continued.

The data, which showed broad-based expansion across all product categories, suggest continuing healthy United Kingdom economic growth and lifted the British Pound, although it quickly lost some of its gains as traders waited for the USA non-farm payrolls data.

Merkel has no regrets over refugee policy despite political cost
Mr Schulz, who doesn't have a position in Ms Merkel's administration, has said it's the government's job to avoid driving bans. This centre would be in Egypt, a transit country for migrants striving to reach Europe.


"The rebound in August, led by the consumer goods, intermediate and capital goods sectors, suggests that manufacturing firms are now adjusting to the GST regime and that business is returning to normal", it added.

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.

"After a loss of momentum in fiscal year (FY) 2016, IHS Markit forecast the Indian economy to recover marginally in FY 2017, with real GDP growth expected at 7.3 per cent", Lima added.

Input prices had risen at the fastest pace since March because of supplier shortages and transportation problems, the release said.

Greece's jobless rate stood at 21.7 percent in May, the highest in the euro zone.

As production grew, manufacturers increased purchasing activity at a rate that hit a nine-year high.


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