Friday, 15 December, 2017

Poland Manufacturing Growth Strongest In 9 Months

Asian manufacturing buoyed by tech as focus shifts to regional rate hikes Representational
Juana Turner | 03 December, 2017, 00:46

The Markit/CIPS manufacturing purchasing managers' index rose to 58.2 from October's 56.6, which was revised up from 56.3.

Manufacturing production expanded at the fastest pace since September 2016 and to one of the greatest extents during the past four years.

"The latest reading marked the ninth consecutive month of growth in the Turkish manufacturing sector - the longest seen since 2014", according to the survey by London-based global data company IHS Markit prepared in collaboration with the Istanbul Chamber of Industry (─░SO).

Despite the Philippines' rosy manufacturing sector, Aw said robust economic activity has been marred by rising inflationary pressures, commonly associated with a weak exchange rate.

Meanwhile, business expectations about future output remained high, with the Future Output Index recovering from a record low in October to a three-month high as companies grew more confident about the outlook, Nikkei reported.

Commenting on the Indian Manufacturing PMI survey data, Aashna Dodhia, economist at IHS Markit and the author of the report, said that manufacturing economy advanced on its path to recovery as disruptions from the recent tax reform (GST) continued to diminish. Within manufacturing, consumer goods was the best-performing category, although growth was also recorded in the intermediate and investment goods. External markets added to the rise in total new orders; however, new export sales rose moderately. This suggests that capital spending, especially in the domestic market, is showing signs of renewed vigour.

Individually, there was a broad-based increase in new orders, while input price inflation also moved higher.

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