European growth finishes 2018 with a whimper, PMIs suggest
European growth finishes 2018 with a whimper, PMIs suggest
The manufacturing sector is hit by the double whammy of a new sales and service tax and lower ringgit. – EPA pic
06 January, 2019, 18:48
According to the latest survey from Nikkei's IHS Markit, released on Wednesday, Vietnam Manufacturing Purchasing Managers' Index (PMI) - a composite single-figure indicator of manufacturing performance - was 53.8 in December, signalling solid improvement in the health of the manufacturing sector.
After accounting for seasonal factors, the IHS Markit Eurozone Manufacturing purchase management index (PMI) recorded a final reading of 51.4 in December, down from 51.8 in November.
"The latest United Kingdom services PMI provides further evidence that the economy has lost most, if not all, of the momentum it had last summer", ING economist James Smith said. Markets have priced out any increase in the next 12 months, even as BOE Mark Carney warned that a disorderly exit from the European Union may force the bank to raise rates to contain inflation.
"Companies are not anticipating any imminent revival in demand", IHS Markit chief business economist Chris Williamson said.
In the meantime, rates of input price and output charge inflation eased in December.
Trade tensions between the U.S. and China are hurting demand across Asia's manufacturing hubs and export-oriented European economies including Germany.
Additionally, panellists stated they had experienced improved export demand from the United Kingdom and the Middle East. Manufacturers responded to the increase in new orders by raising production in December. An earlier version incorrectly said manufacturing PMI fell to 54.4 in December.
"Employment growth is already faltering as firms took a more cautious approach to hiring". There were reports from panellists of lower costs for items such as oil and paper.
Elsewhere, sentiment improved in December to the most positive in three months.
However, despite December's increase in manufacturing activity, the average PMI reading in the fourth quarter of 2018 was the weakest since the third quarter of 2016, which was the first quarterly survey to be carried out in the immediate aftermath of the vote to leave the EU. Uncertainties regarding Brexit disruption on supply chains and the exchange rate are also weighing on business confidence. Factory gate prices rose at the softest rate in 2018.
Growth in world's second- largest economy is forecast to decelerate to 6.6% in 2018, the weakest pace in nearly three decades, and continue slowing this year and next.
Kelly's former backup singer, Jovante Cunningham , talked about meeting Aaliyah when she was just 12-years-old. A representative for the singer has offered "no comment" in response to the claims about Aaliyah .
DeAndre Hopkins , a wide receiver for the Houston Texans, also donated a game check to support Barnes's family, according to KTRK. Jazmine's mother , LaPorsha Washington , was one of those who spoke to the crowd, calling for justice for her daughter.
Consumers with medical questions about the recalled medication can contact Torrent at 1-800-912-9561 from 8 a.m.to 5 p.m. The recalled medication was distributed nationwide to distributors, repackagers, and retail customers.
I think the scoring for the conditions are very, very good. "I didn't make a bogey today, so I'll make that a goal tomorrow". McIlroy added: "I've enjoyed the last couple of days, flighting different shots, hitting different trajectories".
Though the moon may block out the full light show, on April 23 you might be able to catch a glimpse of the Lyrid meteor shower . Robert Lunsford of the American Meteor Society says observers in the U.S. can expect around 25 Quadrantids per hour at its best.
LeBron James missed his fourth straight game with a groin strain while Kyle Kuzma left after 16 minutes with lower back soreness. George has had a certain rhythm this season, and there are moments when you can see him flip the switch.
The Russian church, which now has about 150 million Orthodox Christians under its authority, could lose a fifth of its members. Ukraine's President Petro Poroshenko and former Ukrainian president Viktor Yushchenko were on hand to witness the ceremony .
The study found that the state with the highest percentage of inbound migration was Vermont (72.6 percent), with 234 total moves. United Van Lines determined the top reasons for moving south include job change (46.6 percent) and retirement (22.3 percent).
Pakistani prime minister leaves for 2-day visit to Turkey
He said we also want to eradicate corruption which will help flourish investment, especially in the small and medium enterprises. Prime Minister Khan said that Pakistan had ample tourism attraction due to its fascinating hilly ranges, plains, sea and rivers.
McDonald's customer charged with battering workers
James paid time off until Sunday", Aday told CNN . "You're fixing to go to jail", the attacked employee replied. Celebrity attorney Mohammed Gangat has a thing or two to say about the now-viral McDonald's straw attack drama.
Butler 'disrespectful' in challenging Brown
According to the report , upper management has placed "an urgency for Brown and his coaching staff to stabilize the situation". He has reportedly met with Brown and Sixers GM Elton Brand privately to express some of his concerns.
Qualcomm enforces ban to halt some iPhone sales
The court has also determined that Apple is liable for monetary damages in an amount to be determined at a later time. An employee of German Apple retailer Gravis displays an iPhone 7 and 8 in a store in Berlin on January 3, 2019.
Sketch released of suspect in shooting of Texas girl
Sheriff Gonzalez said the investigation into Barnes' death Sunday is focused on collecting evidence and developing leads. No one except the gunman knows why he shot into the vehicle driven by Jazmine's mother around 7 a.m.
Serena Williams wins 3rd straight in singles at Hopman Cup
The 23-time Grand Slam singles champion fought back in a tight second set and captured the pivotal break in the 10th game. Match reports, best shots, interviews and incidents - on Eurosport.com you won't miss a thing from the Australian Open .
Mueller grand jury extended for up to six months
A federal grand jury being used by the team of Special Counsel Robert Mueller has been extended, Fox News has learned. They last met, according to CNN reporting, on December 21 for about two hours.