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Inflation pushes factory output to slowest growth in June

As inflationary pressures mount further, the growth of the local manufacturing sector in June moved at its slowest expansion in almost a year, the latest survey from S&P Global showed. The S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI) fell to 50.8 last month fro

Hospital PMI® at 56 3%; April 2022 Hospital ISM® Report On Business®

Hospital PMI™ at 58 8%; March 2021 Hospital ISM® Report On Business®

®. ® (ISM ®) Hospital Business Survey Committee: The Hospital PMI™ registered 58.8 percent in March, up 1.3 percentage points from the February reading of 57.5, indicating a 10th consecutive month of growth. The Business Activity and New Orders Indexes increased compared to February, while the Employment Index fell into contraction in March. The Case Mix Index increased to 54 percent, up 2 percentage points compared to the February reading of 52 percent. The Days Payable Outstanding Index decreased to 44 percent, down 6.5 percentage points from the February read­ing of 50.5 percent. The Technology Spend Index registered 51 percent, a decrease of 7 percentage points from the February reading of 58 percent.   In March, hospitals began to see the shift in volumes they were hoping for in February. At some facilities, total volume was unchanged, but the patient mix significantly improved. Lower coronavirus (COVID-19) admissions and increased elective procedures was a sentim

USD/JPY Weekly Forecast: A sense of deja vu

1/9/2021 2:47:46 AM GMT USD/JPY recovers ground but the trend remains lower. Weak US December payrolls had minimal effect as already priced. BOJ “closely watching currency markets” provides Thursday boost. FXStreet Forecast Poll sees little movement despite bearish outlook. A week of political turmoil in the United States that culminated in a riot in the halls of Congress by supporters of President Trump, had almost no impact on the currency markets as an old-fashioned warning from the Bank of Japan combined with the prospect of more stimulus spending in the United States gave the USD/JPY a modest boost back to 104.00.

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