The manufacturing sector in Japan continued to expand in November, and at a faster pace, the latest survey from Nikkei revealed on Friday with a 44-month high PMI score of 53.6.
"In the fourth quarter, the economy is likely to maintain the stability observed since the start of the second half of the year".
The U.K. economy has slowed markedly this year as inflation, which accelerated sharply after the pound's steep post-Brexit depreciation, began to outpace wages and squeeze consumers-a key engine of growth.
Production grew at the fastest pace in eights months in November, driven by a further sharp increase in new orders.
There were signs, however, that inflationary pressures remained strong.
HSBC economist Chris Hare said the solid growth among factories and the price pressures might appear to bolster the case for a further tightening in monetary policy by the Bank of England which raised interest rates for the first time in a decade last month.Читайте также: Tax reform proposal has some area college students anxious
While Friday's PMI will make welcome reading for policymakers, Britain's economy relies far more on the services sector, which is almost eight times larger than manufacturing.
The 50-point line separates expansion from contraction in activity.
Reports also sugest that new orders for investment goods jumped at the quickest rate since 1994, and companies reported continuing support to exports from the droopy sterling exchange rate, although the report's compilers say mentions of this "were less prevalent than earlier in the year".
"The PMI suggests the strong growth momentum in the Filipino economy has some way to go".
"Business confidence [has] remained elevated, with expectations of new order growth and improving economic conditions in export markets supporting optimism that output will increase over the coming year", Philip O'Sullivan, economist with Investec, said.При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2017 Copyright.
Автоматизированное извлечение информации сайта запрещено.
Код для вставки в блог