Page 39 - Manager Index News Today

China’s 1st quarter record performance will accelerate momentum in China and support recovery in the US and global economic prospects – as long as unwarranted geopolitical tensions remain in check. A year ago, China’s first quarter plunge was -6.8 percent, due to the pandemic effect. In the West, it was widely seen as the “end of Chinas growth story.” Instead, in early February 2020 I predicted a turnaround in the increase of new virus cases in China, with the beginning of the...

NACM’s March Credit Managers’ Index Better Than Expected Share Article The Credit Managers’ Index from the National Association of Credit Management in March indicates credit professionals are finding their footing on a path back to normalcy. “It is normally the task of the economist to find the dark cloud that surrounds the silver lining,” said NACM Economist Chris Kuehl, Ph.D. “But numbers this month look far better than anybody had expected and indicate credit professionals are f...

This morning has brought some news which has shaken up the consensus somewhat and it has come from France. In February 2021, output plummeted again in the manufacturing industry (−4.6%, after +3.3%) as well as in the whole industry (−4.7%, after +3.2%). Compared to February 2020 (the last month before the first general lockdown), output remained in sharp decline in the manufacturing industry (−7.1%), as well as in the whole industry (−6.6%). ( Insee) This was rather against the new them...

The UK’s construction industry has grown at its fastest monthly rate in more than six years, as house builds soared in March and paused projects were restarted. According to a closely followed survey, the sector has accelerated since February and created more jobs than at any point in more than two years. The IHS Markit/CIPS Purchasing Managers’ Index (PMI) rates different sectors of the economy by surveying businesses each month. Any score above 50 is said to show a growing sector. The con...

The demand for new homes has driven up Britains construction boom with the industry growing at its fastest monthly rate in more than six years.    Construction work was massively scaled back last year during the first Covid-19 lockdown in March - with countless builders self-isolating or shielding as case numbers spiraled out of control.  But the industry quickly bounced back as the year went on - with the sector accelerating since February and creating more jobs than at any point in more ...

The UK’s services sector rebounded back into growth during March at the fastest rate in seven months, following four months of contraction, according to new data. The closely followed IHS Markit/CIPS Purchasing Managers’ Index (PMI) recorded a score of 56.3 last month, compared with 49.5 in February. Anything above 50 is seen as a sector in growth. Activity, new orders and employment were all up during March, with optimism hitting highs not seen since December 2006, as businesses prepare fo...

Updated / Wednesday, 7 Apr 2021 07:02 The strongest rate of expansion was in financial services, followed by business services and technology, media and telecoms respectively There was a rise in activity in the services sector last month, according to the latest AIB Purchasing Managers Index (PMI). The survey suggests that the rise was driven by renewed growth in new business and exports. Employment was up for only the second tine since the start of the Covid-19 pandemic, while confidence was ...

The UK’s services industry returned to growth in March, ending four months of decline. Driven by a rise in new orders ahead of lockdown restrictions being eased, the latest IHS Markit/CIPS Purchasing Managers’ Index (PMI) for services stood at 56.3 in March, with any score above 50 indicating growth. This comes after the index recorded a slight contraction of 49.5 in February and is the fastest rate of output expansion for seven months. Business activity, new orders and employment all picke...

DUBAI (Reuters) - The United Arab Emirates' non-oil private sector grew in March at the fastest pace since July 2019, boosted by new business and a sh...

UAE March non-oil private sector growth climbs to 20-month high - PMI