China’s factory orders fell for the second month in a row, with the Caixin/Markit Purchasing Managers Index (PMI) indicating further contraction in the country’s manufacturing activity in January.
Purchasing Managers Index
The manufacturing sector in the United States slowed for the second straight month, according to the Institute for Supply Management’s (ISM’s) PMI (Purchasing Managers Index) survey in October.
US factory orders surged by $11.5 billion, or 2.3 percent, in August to $510.5 billion, the largest month-on-month increase since September 2017, beating analysts’ expectations of a 2.1-percent growth. On a year-on-year basis, orders increased 8.6 percent.
US tariffs are starting to take a toll on the Chinese economy, with the September manufacturing PMI stalling at 50.0 after expanding for 15 months in a row
According to the State Secretariat for Economic Affairs (SECO), the Swiss economy expanded by 0.6 percent in the January-to-March quarter of 2018. The numbers more or less aligned with those in the previous three quarters, while exceeding market expectations of a 0.5-percent growth.
Business activity in the United Kingdom’s manufacturing sector continued to slip in April, after peaking in November of last year. The weakening in manufacturing activity was led by multiple factors, including a decline in business optimism
The IHS Markit Eurozone Manufacturing PMI (Purchasing Managers’ Index) came in at 56.2 for April, below the 56.6 reported in March and higher than the flash estimate reading at 56.
Economic activity in the US manufacturing sector expanded to 59.1 in January, with the sector growing for the 105th month in a row, according to the Institute for Supply Management (ISM). The January numbers were, however, slightly below the seasonally adjusted 59.3 reported in December.
The economy of the United States continued its growth trajectory heading into the last month of this year. While most of the economic announcements in November revealed robust growth, inflation continued to remain stubbornly below the central bank’s target of 2 percent
The US economy continued to expand in September of this year, with some of the key economic data in October pointing to robust economic activity that could well extend into the last three months of 2017.