Friday, October 18

Tag: Industrial Production Figures

Australia’s Manufacturing Sector Likely on Track for a Soft Landing, PMI Data Shows
1Jan By adminNo Comments
World

Australia’s Manufacturing Sector Likely on Track for a Soft Landing, PMI Data Shows

SYDNEY—A slowdown in Australia’s manufacturing sector continued through December, with activity contracting over the month as the broader economy lost momentum due to the impact of higher interest rates.Still, the rate of slowdown is consistent with a soft landing for manufacturers in 2024, according to Judo Bank.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
India’s Infrastructure Push Is Key to Taking on China
28Dec By adminNo Comments
Money

India’s Infrastructure Push Is Key to Taking on China

The coming few years will be a litmus test for India’s ambition to become a manufacturing hub rivaling China. A big question mark is how quickly it can build out the infrastructure it needs to really seize the opportunity. There have been signs of progress recently, but New Delhi’s cramped fiscal space means it needs to do more to entice private-sector investors, too.India is experiencing a manufacturing renaissance of sorts led by Apple and its Taiwanese suppliers—after decades of failed efforts. As recently as the fiscal year ended in March 2018, India was a importer of smartphones to the tune of more than $2 billion. Last fiscal year, India was a net exporter of $11 billion worth. About half of that was Apple products, according to investment bank Macquarie.Copyright ©2023 Dow Jones &a...
Read More
German Industrial Production Contracted Unexpectedly in October
7Dec By adminNo Comments
World

German Industrial Production Contracted Unexpectedly in October

Germany’s industrial production fell unexpectedly in October, and for a fifth-straight month, a further sign of the deteriorating environment in the key manufacturing base of Europe’s largest economy.Output dipped 0.4% compared with the previous month, seasonally and on a calendar-adjusted basis, from a 1.3% decline in September, according to data published Thursday by German statistics office Destatis.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
China’s Manufacturing PMI Edged Lower, Signaling Continued Weakness
30Nov By adminNo Comments
World

China’s Manufacturing PMI Edged Lower, Signaling Continued Weakness

An official gauge of China’s manufacturing activity indicated contraction for a second consecutive month in November, signaling continued weakness in the economy despite Beijing’s recent efforts to juice up growth amid a protracted housing slump.China’s official manufacturing purchasing managers’ index slipped to 49.4 in November from 49.5 in October, the National Bureau of Statistics said Thursday. A reading above 50 indicates an expansion in activity while a reading below it indicates contraction.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
German Recession Looms as Industry Continues to Slump
7Nov By adminNo Comments
World

German Recession Looms as Industry Continues to Slump

Updated Nov. 7, 2023 2:54 am ETGerman industrial production slumped more than expected in September, dragged by the key automotive sector and pointing to an imminent recession in the eurozone powerhouse.Production tumbled by 1.4% from a month earlier, according to seasonally and calendar-adjusted figures set out by German statistics office Destatis on Tuesday. This was a steeper decrease than the 0.4% fall expected by economists, according to a poll conducted by The Wall Street Journal.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
China Caixin Services PMI Rose for October
3Nov By adminNo Comments
World

China Caixin Services PMI Rose for October

Updated Nov. 2, 2023 10:31 pm ETA private gauge of China’s services activities edged up in October, remaining in expansionary territory for 10 months in a row as Beijing ramped up efforts to shore up economic growth.The Caixin services purchasing managers index climbed to 50.4 in October from September’s 50.2 which was the lowest of the year, Caixin Media Co. and S&P Global said Friday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
China’s Caixin Manufacturing PMI Fell Into Contraction in October
1Nov By adminNo Comments
World

China’s Caixin Manufacturing PMI Fell Into Contraction in October

Oct. 31, 2023 10:05 pm ETA private gauge of China’s factory activity fell into contraction in October, signaling continued economic headwinds despite Beijing’s recent efforts to shore up growth.The China Caixin manufacturing purchasing managers index fell to 49.5 in October, from 50.6 in September, according to data released Wednesday by Caixin Media Co. and S&P Global. The 50 mark separates activity expansion from contraction.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More