Monday, 25 June, 2018

India manufacturing PMI rises to 5 year high in December

Chinese industry India manufacturing PMI rises to 5 year high in December
Kelvin Reese | 02 January, 2018, 11:51

Delivery time of suppliers continued to be extended in December.

The country's manufacturing purchasing managers' index (PMI) came in at 51.6 in December, slightly decelerating from 51.8 in November, according to National Bureau of Statistics (NBS) data released Sunday. A number greater than 50 indicates an expansion in activity, while a reading less than 50 means a contraction.

Zhao Qinghe, a senior statistician with the National Bureau of Statistics, said the data showed a continued improvement in the economic environment at home and overseas.

"Weak domestic demand was reported as the key reason behind lower volumes of new business, as new export orders rose for the second month in succession".

"We believe a moderate growth slowdown to be more visible in the first half of 2018, especially on the investment front, due mainly to the tight financial conditions and a cooldown of the property market", BofA Merrill Lynch economists said.

Outstanding business also declined for a seventh successive month in December, showing evidence of under-capacity in the manufacturing sector. The rate of expansion in France was the fastest for over 17 years.

Shah Rukh Khan dwarf film Zero's teaser out
The film is also going to star Katrina Kaif and Anushka Sharma , bringing back memories of Yash Raj Films' Jab Tak Hai Jaan . Shah Rukh will be seen playing a dwarf in the film and the video gives a glimpse of how his character will be in the film.

Fox expects to be fired by Bears
The Chicago Bears ' 2017 season came to a merciful end on Sunday as they fell 23-10 to the Minnesota Vikings . Jeremiah Sirles is already replacing left guard Nick Easton , who broke his ankle in Green Bay.

LG G6 spotted running Android 8.0 Oreo beta in China
While the company has already rolled out the Oreo update for OnePlus 3, 3T and 5, the latest 5T is still running Android Nougat. Additionally, the device will also feature Google's Autofill API to fill up the form automatically.

Among components, output, new orders and employment all recorded historically marked growth in December.

Higher prices for raw materials such as steel and other metals pushed up input costs in December, and this in turn led to another push up in prices charged by manufacturers, the data showed.

"Manufacturing operating conditions improved in December, reinforcing the notion that economic growth has stabilized in 2017 and has even performed better than expected", said Zhong Zhengsheng, director of macroeconomic analysis at CEBM Group, a subsidiary of Caixin Insight Group.

"Growth remains remarkably robust, underpinned by resurgent global demand, stimulus-boosted infrastructure spending, and a deleveraging program that remains more honored in the breach than the observance".

The annual average reading of the index for 2017 was 51.6, which is 1.3 points higher than in 2016.

"Interestingly, the wages component dipped in December, but at 60.2 it does point to the prospect of some pick-up in wages growth", Mr Oliver said.

Recommended

  • USA Olympic roster announced & quotes from Jonathan Blum

    USA Olympic roster announced & quotes from Jonathan Blum

    The Pyeongchang 2018 Winter Olympics will take place from February 9 to 25 with the Paralympics following from March 8 to 18. The NHL's refusal to release its players to play in the Olympics has left each of the men's teams in the same boat.

    Five things to know about the Iranian protests

    Telegram in particular is very popular in Iran, with more than 50% of the country's 80m population said to be active on the app. The Iranian government is denying responsibility for the deaths and unrest. .
    Erica Garner, Daughter of Eric Garner Dies at 27

    Erica Garner, Daughter of Eric Garner Dies at 27

    She had been hospitalized in Brooklyn, New York, after she reportedly went into cardiac arrest nearly a week ago. Snipes said Garner had a heart attack after an asthma episode and was placed in a medically induced coma.
  • It's possible that Jon Gruden is just another Joe Gibbs

    It's possible that Jon Gruden is just another Joe Gibbs

    The reasons for the Buccaneers deciding to keep coach Dirk Koetter possibly are becoming clearer. "Im here to help people". Said ESPN employee Gruden to ESPN: "I don't want to sit here and speculate". "I can't say I haven't taken any phone calls".
    2017 at the Box Office

    2017 at the Box Office

    Star Wars is likely looking at some serious box office numbers for a few more years before that ceiling begins to level off. So, Disney has always been making money off of Star Wars but it's still an impressive benchmark for the movies.
    Serena back in action

    Serena back in action

    So, in my eyes, I feel it was a wonderful, wonderful match for me". "I'm excited, it's good to be back on the court". There is no precedent for a 36-year-old 23-time Grand Slam victor to return to tennis after having a baby.
  • Pregnant Kylie Jenner 'splits from Travis Scott after rapper has a meltdown'

    If Kendall Jenner is pregnant - and again, that's a big if - she would be the fourth sister to now be expecting a child. Kylie and Travis were seen posing together in the photobooth of the annual Christmas Eve Kardashian bash.
    Penn State vs. Washington: Spread, Total & Prediction for Fiesta Bowl

    Penn State vs. Washington: Spread, Total & Prediction for Fiesta Bowl

    The junior still had a superb season, finishing with 2,154 all-purpose yards and 22 touchdowns, including 1,134 yards rushing. After the Huskies cut the Nittany Lions' lead to a touchdown, a blown shovel pass nearly resulted in a turnover.
    Padmavati to be finally certified by CBFC but some conditions apply!

    Padmavati to be finally certified by CBFC but some conditions apply!

    Vikram Singh of the Karni Sena told Times Now: "The cuts don't make a difference when our culture is not protected". But the punch has come from Censor Board also as they have rejected to Censor the film until issues are resolved.
  • South Korea proposes high-level talks with North

    South Korea proposes high-level talks with North

    Kim said in his speech Monday that North Korea previous year achieved the historic feat of "completing" its nuclear forces. In his address, Kim Jong Un said his country's weapons are now a reality and not just a threat.
    ConCourt to rule on Zuma impeachment case on Friday

    ConCourt to rule on Zuma impeachment case on Friday

    The court told Parliament it has 120 days to make rules on how it would impeach a president under Section 89 of the Constitution. The parties sought an order declaring that Mbete failed to put in place all appropriate mechanisms to hold Zuma accountable.
    South Korea seizes second tanker suspected of delivering oil to N. Korea

    South Korea seizes second tanker suspected of delivering oil to N. Korea

    Results of the investigation will be reported to the UN Security Council's sanctions committee, foreign ministry officials said. China denied the allegations, saying reports that it sold oil to North Korea did "not accord with the facts".

UGA wins Rose Bowl, heading to national championship game UGA wins Rose Bowl, heading to national championship game When Smart was an assistant at Alabama, the Crimson Tide beat Texas in the BCS championship game in January 2010. The Sooners got into the game because Big Ten champion Ohio State earned a spot in the national title game.

Manchester City's Jesus has knee ligament damage Manchester City's Jesus has knee ligament damage Asked after the 0-0 draw with Crystal Palace whether he was planning a move for Sanchez, he explained: "He is a player from Arsenal and I think he is going to stay at Arsenal".

LGD unveils 88-inch 8K OLED display LGD unveils 88-inch 8K OLED display LG has announced the launch of the world's first 88-inch 8K OLED display and it comes with a resolution of 7680 x 4320 pixels. The recent development in this scenario is the construction of a manufacturing plant in China's Guangzhou city.

Sunday Weather, 12.31.17 Sunday Weather, 12.31.17 For the Connecticut River valley and east, a Wind Chill Advisory is in place until 10am this morning. A Wind Chill Advisory means that cold air and the wind will combine to create low wind chills.

Mariah Carey Finally Gets Her Tea After Frigid New Year's Eve Performance Mariah Carey Finally Gets Her Tea After Frigid New Year's Eve Performance The singer then launched into her 1993 ballad Hero with backup singers in white robes behind her. But still we need to know: where is her hot tea?

Why the Colts fired Chuck Pagano as head coach after 6 seasons Why the Colts fired Chuck Pagano as head coach after 6 seasons The Chuck Pagano era has officially come to an end with the Indianapolis Colts after six seasons, the team announced on Sunday. Pagano has been on the hot seat the last two years and acknowledged in early December he knew his "shelf life" wasn't long.

Texans likely to keep Bill O'Brien as head coach, sources say Texans likely to keep Bill O'Brien as head coach, sources say However, it is unlikely that Houston will allow him to coach next season without signing him to a contract extension. The Houston Chronicle confirms Bill O'Brien will be retained as Texans head coach for the 2018 season.

Philadelphia Eagles: The importance of week 17 Philadelphia Eagles: The importance of week 17 Foles finished 4-of-11 for 39 yards (3.5 yards per attempt) with an interception as the Eagles were shut out 6-0 by the Cowboys . Jones' Achilles injury forced him to watch from the sidelines, and some believe that might prove to be a blessing in disguise.

Michigan's minimum wage set to rise on New Year's Day Michigan's minimum wage set to rise on New Year's Day Lawmakers later changed the law to only require employers to make up the difference when tips don't exceed the minimum wage. However, the minimum wage increases only apply to restaurants that are part of a chain of 30 or more locations nationwide.

Liberia's president elect vows to end corruption As Liberia grappled with the Ebola outbreak in 2014, Weah was elected as a senator, defeating Sirleaf's son Robert for the seat. French President Emmanuel Macron has called Liberia's president-elect George Weah to congratulate him and invite him to visit.

Turnovers give Mississippi State 31-27 win over Louisville Turnovers give Mississippi State 31-27 win over Louisville Attendance at the TaxSlayer Bowl was 41,310 with the crowd fairly evenly split between Louisville and Mississippi State fans. Joe Moorhead might be the ideal replacement for Dan Mullen in Starkville, but this just feels like Louisville the whole way.

Pence's Colorado neighbors hang 'Make America Gay Again' sign Pence's Colorado neighbors hang 'Make America Gay Again' sign Deputy Buglione explained the homeowners brought chili and corn muffins to the deputies and Secret Service agents who were posted. Pitkin County Sheriff Joe DiSalvo said when a man who lives in the home hung the banner, the Secret Service didn't stop him.

Woman killed in Troy quadruple homicide attended West Genesee High School And Shanise's uncle Khalif Coleman said, smiling, that the 5-year-old had already been her own person. Tedesco says he has "never seen savagery like this" in 42 years in law enforcement.

Congress MLA Asha Kumari, booked for slapping woman cop, files counter complaint Congress MLA Asha Kumari, booked for slapping woman cop, files counter complaint Blaming the PCC for mismanagement at the party's office gate, Kumari added, "I can only blame myself for the unsavoury incident". After being slapped, the police constable retaliated and slapped the MLA Asha Kumari back.

EPL: Conte reveals Chelsea's target this season EPL: Conte reveals Chelsea's target this season Stoke goalkeeper Jack Butland has said his team must play with more discipline as they attempt to find a rare clean sheet. The Premier League champions now sit 14 points behind unbeaten leaders Manchester City , who also have a game in hand.