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In October, surge in China's manufacturing sector decreased more than expected amid a weakening property market as well as tighter pollution rules, thus forcing many smelters, steels mills and also factories to reduce output over the winter.
Issued on Tuesday the official Purchasing Managers' Index kept to 51.6 in October versus September’s outcome of 52.4.
It turned to be the lowest result since July's 51.4, although it remained quite above the 50-point mark, separating surge from contraction on a monthly basis.
Market experts polled by Reuters had predicted that the reading would hit 52.0, tumbling marginally from September’s five-year maximum, although still quite above the recent trend.
A revival of China's manufacturing as well as industrial companies, spurred by government spending, unexpected strength in exports and a resilient property market – all of this has helped the Chinese economy to report better-than-anticipated surge of almost 6.9% through the first nine months of 2017.
French quarterly surge is expected to strengthen in the first half of 2019 because consumer spending derives benefits from improving household incomes as well as reviving business confidence after protests at the end of 2018…
In January, new orders for American goods shot up less than anticipated, tamed by dives in orders for computers as well as electronic products, which is another sign of decelerating manufacturing activity…
The Federal open market committee (FOMC) will make its monetary policy statement and announce the interest rate on March 20, 20:00 MT time.
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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'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…
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