United Kingdom manufacturing in healthy shape despite election uncertainty

Reuters

"On this basis, the sector should have sufficient momentum to see it through the uncertainty generated by the current unexpected general election and into the start of Brexit negotiations", IHS Markit economist Rob Dobson said.

A pick-up in global trade early in the year has been driven by surging import demand from emerging markets, which reported stronger activity and are seeing their currencies appreciate, and by corresponding strong exports.

Output in Malaysian manufacturing was reported to have fallen for the first time in four months in May.

China stocks started the month on a bearish note on Thursday after a private business survey showed manufacturing activity unexpectedly contracted in May, fuelling worries that the economy may be cooling more rapidly than expected.

While the pace of expansion in new export orders moderated in May, it was still substantial and much faster than the series average, it said.

"The forward-looking elements of the latest survey are reassuring for the construction sector, notably the acceleration in new business growth to its strongest so far this year".

Friday's report showed housebuilding rising at the fastest rate since December 2015, while commercial construction, such as shops and offices, rose by the most since March previous year. Readings below 50 denote contractions in activity. Growth rates for output, new orders, exports and jobs all strengthened, and the backlogs index highlighted strains on capacity. Aw said this indicates that the domestic market continued to be the main engine of manufacturing growth.

The Eurozone's final factory PMI figure for May stood at 57.0, up from 56.7 in April and its highest level since April 2011. The index has been above 50 for every month since November 2013. It ticked higher to 6.9 percent in the latest quarter thanks to government spending and a credit-fueled real estate boom.

The survey's forward-looking measures suggested that the manufacturing sector could maintain its relatively solid pace of expansion.

"On the price front, both input costs and output charges rose more slowly in May".

Related News:

  • [Podcast] The Google I/O 2017 recap: Lens, Assistant & more

    [Podcast] The Google I/O 2017 recap: Lens, Assistant & more

    We've known for a while that typing in Google Assistant was coming, but it was officially announced yesterday at I/O . You simply choose your preferred card, enter a security code or authenticate with your Android device, and check out.
    Sehwag applies for India coaching job

    Sehwag applies for India coaching job

    In the team hotel and team gatherings, they do apparently talk about the common issues but it is definitely not a happy situation. It all started when the BCCI decided not to accord Kumble with auto contract extension, and invited fresh applications.

    White House Responds To Allegations About Kushner, Russia Communications

    Perhaps there is a reasonable explanation, but so far, it's not been forthcoming from the White House, and that's distressing. The person wasn't authorized to publicly discuss private policy deliberations and insisted on anonymity.
  • What was James Comey thinking when he met with Trump?

    The court ruled that President Richard Nixon's audio recordings of White House conversations should be turned over to prosecutors. Until he was sacked on May 9, Comey was leading the FBI's investigation into Russian meddling, which had started back in July.

    Clinton jokes covfefe 'a hidden message to the Russians'

    Dictionary publisher Merriam-Webster checked in with an eye-rolling tweet about people looking up " covfefe " on its website. Mr Dubke's resignation came amid suggestions the White House is set to shake up its media strategy.
    Prosecutors to drop charges in Stanley Cup dead catfish toss

    Prosecutors to drop charges in Stanley Cup dead catfish toss

    Just not in the stretch of 3 1/2 minutes that mattered during their 4-1 win in Game 2 of the Stanley Cup Final. Pittsburgh didn't want fans from Nashville to come into the arena with a catfish and hurl it onto the ice.
  • Why Trump is attacking Germany over trade

    Trump unsettled Merkel and other European allies in a speech at NATO's ostentatious new $1.23 billion headquarters in Brussels. And he warned against "accelerating climate change by weakening environmental protection".

    Trump, after House panel subpoenas, backs probing Obama administration

    Russian officials had pledged to wait for Trump to take office before reacting but last month said they might retaliate. A senior committee aide said Wednesday's subpoenas were not part of the Russian Federation probe.

    Germany's Merkel Signals Deepening Rift With US Under Trump

    Germany is the largest trading partner for India in the European Union and one of the leading sources of foreign direct investment into the country.
  • Space capsule with 2 astronauts returns to Earth

    Space capsule with 2 astronauts returns to Earth

    Novitskiy and Pesquet would presumably feel similar, but it's safe to assume they're also happy to be heading back home. The French astronaut underlined the "fragility" of Earth during an interview with AFP, which he conducted from the ISS.
    How major USA  stock market indexes fared on Thursday

    How major USA stock market indexes fared on Thursday

    The Dow Jones was tipped to rise 61 points to 21,205 and the S&P 500 was seen opening 5 points to 2,435. Meanwhile, the dollar weakened against other major currencies, with the ICE U.S.

    World leaders reaffirm commitment to fighting climate change

    Speaking in Berlin about the Paris climate change accord, he said that "China in recent years has stayed true to its commitment". Environment Minister Catherine McKenna is pictured after delivering a policy announcement in Toronto, on Wednesday May 31, 2017.


Most liked

Showers, Storms Move Out Thursday Evening
NEXT WEEK: Showers and storms remain possible Monday , but they should begin to thin out Tuesday as a pattern change takes place. Mississippi River Level: The latest Mississippi River stage at the Carrollton Gage is cresting at about 16.3 feet.

Venezuelan president moves forward on constitution assembly
Venezuela's Attorney General has taken issue with Maduro's calls to write a new Constitution ( Flickr ). Demonstrators participate in an anti-government protest in Caracas , Venezuela, 31 May 2017.

Kylie Jenner Flaunts Curves in Sheer Lingerie in New Instagram Pic
The two of them used to be inseparable, but now Kylie seems to have a great thing going on with Travis Scott who treats her the way she deserves.

Iraq paramilitaries move on key town near Syrian border
The attacks targeted commercial areas and a patrol of Sunni anti-IS tribal fighters, they said. Iraq's border with Syria has always been a haven for smugglers and insurgent activity.