PMI

China factory activity accelerated in December: Caixin

Beijing - Muslimchronicle

Chinese factory activity accelerated in December, according to independent data released Tuesday, a positive indicator for the world's second-largest economy to kick off the new year. The Caixin Purchasing Managers Index (PMI) -- an indicator of conditions at small manufacturers -- rose to 51.5 in December, up from 50.8 in November and the highest reading since August. The official PMIRead more

Eurozone economy hits 'speed bump' in July: survey

Brussels - AFP

Eurozone private sector business activity slowed in July for the second month running but was still running near six-year highs, a closely watched survey showed Monday. Analysts said that while the slip in the headline readings of the survey by data monitoring company IHS Markit was disappointing, the economy remained on its best run since the eurozone debt crisis. IHSRead more

Euro zone economy races into Q2 with bumper growth

London - Arab Today

The euro zone economy bounded into the second quarter with strong broad-based growth, according to a survey showing businesses increased activity at the fastest rate for six years as new orders stayed robust. Signs the bloc is on a sustainable growth path, along with inflationary pressures, will be welcomed by the European Central Bank (ECB), which has struggled for yearsRead more

China manufacturing grows modestly in March

Beijing - AFP

China's manufacturing activity expanded slightly in March, independent figures showed Saturday, suggesting steady but slowing growth in the world's second-largest economy. The figures compare with an official reading Friday hinting that a years-long growth slowdown in China may be easing, though concerns remain about the outlook for world trade in light of US President Donald Trump's protectionist policies. Investors closelyRead more

China factory activity gathers steam in February

Moscow - AFP

Chinese manufacturing activity expanded in February, official figures showed Wednesday, in a sign of strength for the world's second-largest economy as Beijing attempts a difficult economic transition. The official purchasing managers' index (PMI), which gauges conditions at factories and mines, came in at 51.6 in February, the National Bureau of Statistics (NBS) said. That beat the median forecast of 51.2Read more

Saudi non-oil economy grows at fastest rate for 17 months

Dubai - Arab Today

Growth in Saudi Arabia’s non-oil private sector accelerated to its fastest rate for 17 months in January as the government injected cash into the economy after a long period of austerity, a survey of companies showed on Sunday. The seasonally adjusted Purchasing Managers’ Index (PMI) rose to 56.7 last month from 55.5 in December. A level above 50 means businessRead more

China manufacturing growth slows in December

Beijing - AFP

Manufacturing activity in China slowed slightly in December, official figures showed Sunday, as the world's second largest economy stabilises. The official purchasing managers' index (PMI), which gauges conditions at factories and mines, came in at 51.4 in December, down from 51.7 the previous month which marked its fastest growth for two years. A figure above 50 marks an expansion ofRead more

China's Manufacturing Activity Expands for 5th Month

Beijing - QNA

China's manufacturing activity expanded for a fifth month in December. The manufacturing Purchasing Managers' Index (PMI) came in at 51.4 in December, lower than 51.7 in November and staying above the 50-point boom-bust line for the fifth straight month, the Chinese National Bureau of Statistics (NBS) said in a statement. This is the second highest monthly reading this year. TheRead more

China Focus: Manufacturing activity expands again, non-manufacturing PMI rebounds

Beijing - XINHUA

China's manufacturing Purchasing Managers' Index (PMI) expanded again in September, while the non-manufacturing PMI increased at faster pace, adding to signs that the world's second-largest economy is stabilizing. The manufacturing PMI stood at 50.4 in September, unchanged from August and staying above the 50-point mark that separates expansion from contraction for the second month in a row, according to dataRead more

China manufacturing continues rebound in September

Beijing - Arab Today

Manufacturing activity in China continued its rebound in September on improving production and demand, government data showed Saturday -- a positive sign for the world's second-largest economy. The official purchasing managers' index (PMI) came in at 50.4 for September -- exactly the same level as in August, which was its highest since October 2014 -- figures from the National BureauRead more