ONLINE FOREX BROKER
In November, activity in the British manufacturing sector speeded up a bit, although was still subdued because new export business went down for a second month in a row. That’s what follows from a closely watched business poll published on Monday.
As research company IHS Markit informed, its manufacturing purchasing managers’ index jumped to 53.1 last month, soaring from October’s 27-month minimum of 51.1.
It outperformed estimates of 51.6, although it was still among the poorest outcomes recorded for the last two-and-a-half years.
The leap occurred due to the fact companies rushed to stockpile products for the purpose of protecting themselves against probable supply disruptions after Brexit.
As some financial analysts pointed out, the November PMI gave rather a lackluster picture of the British manufacturing sector due to the fact everlasting global trade tensions along with Brexit uncertainty put pressure on current business conditions and also affected the outlook for the year ahead.
Built around its relationship against official ONS data, the poll indicators hinted that manufacturing output won’t probably make any contribution to GDP surge in the final quarter, with a clear risk of output shrinking unless December proves a stronger month.
The level of new export business went down for the second month in a row November. It turns out to be the first back-to-back dive since early-2016. What’s more, a lot of companies cited everlasting Brexit uncertainty as the number one reason for the dives.
Employment in the sector managed to pick up a bit following a poor month in October. However, the overall degree of business optimism went down to a 27-month minimum. Explaining it financial analysts drew attention to exchange rate fears, Brexit uncertainty as well as a decelerating economy. Undoubtedly, all of this put pressure on confidence.
The G20 summit and the US PPI release gave us a lot of volatility to trade on. Luckily, today’s markets may be even more volatile with new vital releases and geopolitical decisions. The daily news report will surely help you!
Good day for all traders out there! We prepared a gold analysis and a bunch of other news for you to enjoy! Here's what you should know:
The results of the Chinese Communis Party's Congress shook the markets, while the JPY weakened even after the interventions were conducted
Happy Tuesday, dear traders! Every day brings new opportunities to trade! Let’s see what you need to know: Today’s events 07…
The central banks' meetings will highlight the week as well as the PPI release
Good Friday, traders! The markets are frozen ahead of today's NFP release at 15:30 GMT+2…
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
