China’s factory activity decreased for the second consecutive month in November. Purchasing Managers’ Index fell to 48.0, down from 49.2 in October. Large portions of the country were affected by Covid-19 lockdowns and transit disruptions. China’s factory activity decreased for the second consecutive month in November, according to government data released on Wednesday. Large portions … Read more
China’s factory output reached its lowest level in two years in March, according to independent data released Friday, as the country confronts the pandemic’s biggest Covid-19 epidemic since its inception. With restrictions and lockdowns in place in important manufacturing and transportation hubs like Shenzhen and Shanghai, authorities are battling coronavirus epidemics. The Caixin Purchasing Managers’ … Read more
BRUSSELS: Economic growth in the eurozone slowed sharply in January, a key survey showed on Monday, as new coronavirus restrictions hit consumer spending, raising a new obstacle for the region’s recovery. In its closely watched monthly survey, IHS Markit said the deceleration, which brought growth to an 11-month low, was completely attributable to the services … Read more
BANGKOK – Thailand’s manufacturing sector contracted in December 2021 due to lackluster demand amid a slow economic recovery, a survey showed Tuesday. The country’s manufacturing Purchasing Managers’ Index (PMI) fell to 49.5 in December from 50.6 in November, a signal of a deterioration in the health of the country’s manufacturing sector, according to the IHS … Read more
BEIJING: Manufacturing activity in China edged up in December, official data showed Friday, beating expectations as the price of commodities eased and despite sporadic closures due to Covid outbreaks. The Purchasing Managers’ Index (PMI), a key gauge of manufacturing activity, in the world’s second biggest economy rose to 50.3, remaining above the 50-point mark separating growth … Read more
BRUSSELS: Economic growth in the Eurozone slowed to a nine-month low in December, as a fresh wave of the coronavirus rattled businesses, especially in Germany, a closely watched survey said on Thursday. The survey, released by data firm IHS Markit, added that prices in Europe were continuing on their upward march, though rates of increase had … Read more
BEIJING: Manufacturing activity in China edged up in November on the back of an easing in power shortages and a drop in some raw material costs, official data showed on Tuesday. The Purchasing Managers’ Index (PMI) — a key gauge of manufacturing activity — in the world’s second-biggest economy rose to 50.1, returning above the … Read more
Inflation is slowing down across MENA countries and should decelerate next year, Arab News quoted a report by Capital Economics. The economic research company reached this conclusion after the PMI surveys for September revealed a fall in the output prices components in the region. The Capital Economics noted the recent increase in inflation in the region … Read more
