2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
Irish manufacturing surge rallies to 18-year maximum
In November, surge in Ireland's manufacturing sector managed to ascend to an 18-year maximum, as a poll disclosed on Friday, with strong fresh orders at home as well as abroad, thus confounding fears Brexit would provoke a slowdown in the UK’s closest neighbor.
Ireland is generally considered to be the EU country most exposed to the UK’s decision to break up with the currency bloc, although after the muted initial hit of the Brexit vote, Ireland increased its economic surge estimates for 2017 and 2018.
The Investec Purchasing Managers' index showed that firm growth will probably continue, reaching 58.1 in November, which is its highest value since December 1999, versus October’s outcome of 54.4. It has stood above the 50 mark, traditionally separating surge from contraction for more than four years.
The expansion in the new business subindex appeared to be the fastest since 1999 and also one of the steepest in the poll’s history.
The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
Happy Monday, dear traders! Hope you had a great weekend and you’re ready for the last trading week in 2022! Later this week we’ll announce some exciting news for you, but now let’s look through some interesting news! Today’s events: USA, UK, Hong…
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.