Page 34 - Manager Index News Today

Business confidence ticks up to highest since start of pandemic

Confidence about future economic activity also improves significantly

RIYADH: Economic activity across the globe is gathering pace with major economies showing signs of growth. The US Purchasing Managers’ Index, which measures private sector activity in different countries, reached 57.6 in October, jumping from 55 in September. This was the highest growth in private sector activity since July. The services sector expanded steeply while the

UAE non-oil firms enjoyed a marked increase in new business during October, driven by rising spending and tourism amid the opening of the Expo 2020. Output levels rose at the strongest rate for more than two years, while confidence regarding future activity improved

Disruptions in the global supply chain have slowed down manufacturing output in the United Kingdom. This drastic loss in momentum is threatening the country's post-Wuhan coronavirus [...]

Diesel costs have hit record levels just a week after a new peak was set for petrol prices, piling more misery on drivers and businesses as the cost of living surges.

Banks and economy to mutually support post-Covid rebound

Supply chain disruption and recent Delta outbreaks have hit activity in Asia more than in eastern Europe and Latin America. We assess the state of vaccine distribution in emerging markets.

Jammed supply chains are already threatening the possibility holiday shoppers will fulfill their wishlist, financial experts say.

The United Arab Emirates' non-oil private sector continued to expand in September as recovery from the COVID-19 pandemic in the Middle East trade and tourism hub remained strong, although job creation slowed, a business survey showed on Tuesday.