Euro zone inflation reaches six-year maximum in October
In October, euro zone inflation demonstrated its fastest tempo for almost six years, powered by energy prices…
Canada's manufacturing surge speeds down in August
In August, the overall tempo of surge in Canada's manufacturing sector speeded down for the second straight month because slower surge in new business compensated the strongest expansion of production volumes for almost 8 years, as data disclosed on Tuesday.
The IHS Markit Canada Manufacturing Purchasing Managers' index, a gauge of manufacturing business conditions in this country, went down to a seasonally updated reading of 56.8 in August versus July’s result of 56.9. In June, it hit a poll-record maximum of 57.1.
As a rule, a result above 50 hints at surge in the sector.
In August, Canadian manufacturers kept boosting their production volumes in August. A deceleration in new business surge meant that the headline PMI went down to a three-month minimum.
From July’s reading of 56.4 the output index tacked on to its highest value since December 2010 hitting 57.2. Canadian manufacturers pointed to growing customer demand as well as increased operating capacity at their factories.
The new orders index headed south to 55.7, which is a four-month minimum, diving from July’s reading of 57.2 in the face of evidence that heightened business uncertainty as well as global trade tensions affected spending decisions.
Additionally, increased demand in the energy sector assisted to spur export sales, although there were reports that American trade duties had impacted competitiveness in the period.
American duties on Canadian aluminum and steel came true on June 1.
The latest poll informed that aluminum and steel levies increased input costs and also acted as a headwind to export sales in American markets.
Besides this, the output prices index slumped to 61.3 from July’s maximum of 62.8, while the input prices index managed to ascend to its highest value for more than seven years jumping from 71.6 to 73.7.
Similar
Weekly Cryptonews
The crypto market experienced huge losses during this week. What are the reasons?
Japanese exports rebound in October
In October, Japan's exports rebounded following dives provoked by a series of natural disasters…
Latest news
Weekly CryptoNews
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
Most Asian stocks post strong revenues with Nikkei rising more than 2%
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan real wages surge is slowest in almost two years
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
Deposit with your local payment systems
