American business activity speeds down in June
In June, American private sector activity speeded down, as follows from survey data uncovered on Friday…
Euro zone factories struggle to meet surging demand in March
In the euro zone factories struggled to keep up with demand in March notwithstanding soaring activity at the fastest rate in almost six years, as a poll revealed. It also disclosed raising prices.
IHS Markit's fresh manufacturing Purchasing Managers' Index for the euro zone added to 56.2 in March, which is the highest value since April 2011, compared to February's 55.4. Obviously, it was in line with a flash estimate as well as far above the 50 mark, separating surge from contraction.
An index, estimating output and feeding into a composite PMI due on Wednesday, grew to a near six-year peak of 57.5 from 57.3. By the way, 57.2 was the flash estimate.
Financial analysts tell that euro zone manufacturing is definitely enjoying a sweet spell, though it’s also facing surging pains in the form of supply delays as well as ascending costs.
Additionally, the poll is also pointing out to the highest incidence of supplier delivery delays for almost six years, thus underscoring how suppliers are struggling just to meet ascending demand.
Similar
WeeklyCryptoNews
Bitcoin is lower and lower. The cryptocurrency couldn’t stick above the resistance at $6,500 and it plunged.
Swiss trade surplus dives to 2.3 billion francs in May
In May this year, Switzerland's trade surplus accounted for 2…
Popular
Asian equities stand still as Japan outperforms
On Monday, Asian shares shook off a sluggish start and stabilized, with Japan outperforming on positive earnings…
America will probe German and Japanese car makers over alleged patent violations
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
Crude edges down in Asia on Caixin PMI
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
Deposit with your local payment systems
