03 September, 2014 07:39 IST
News

Source: rss (03-Sep-14)
Comments  |  Post Comment

The JPMorgan Global Manufacturing PMI came at 49.7 in November, from 48.8 in October, rose to a five-month high and posted only marginally below the neutral 50 mark.

Manufacturing production edged  higher in November, halting a four-month period of contraction. Output growth in the US accelerated to a six-month peak, while production in Chinarose for the first time in four months. Expansions were also reported in Brazil, India, Indonesia, Mexico, Russia, Switzerland, Turkey, the UK and Vietnam.

The ongoing downturns in the Eurozone and Japan continued to weigh on the broader global trend, despite their respective rates of contraction easing over the month. Canada, the Czech Republic, Poland, South Korea and Taiwan also saw production decline.

Global manufacturing new orders contracted for the sixth successive month in November, although the rate of decline was only slight and the joint-slowest during that period. This reflected ongoing weakness in many domestic markets and a further reduction in international trade flows.

New export business fell for the eighth month in a row, as growth in China and a stabilization in the US were offset by declines in Europe and Japan.

November saw global manufacturing employment reduced for the fifth consecutive month. Average input price inflation hit a seven-month high in November. The sharpest rates of increase were signalled by the US, India and Turkey. Global manufacturers also reported a preference for leaner inventory holdings, leading to lower pre- and post-production stocks.

David Hensley, director of Global Economics Coordination at JPMorgan, said, ''Global manufacturing appears to be lifting into year’s end. Survey indexes of output, new orders and employment continue to improve, albeit from low levels, while the rate of finished goods inventory accumulation is indicated to be quite low. This pattern typically heralds faster output gains.''


News
'Buy' Gujarat Pipavav Port; target Rs 182: ICICIdirect - 02-Sep-2014 17:19
Elecon Engineering clarifies on media report - 02-Sep-2014 17:13
Tata Motors outlook revised to positive: S&P - 02-Sep-2014 16:51
Petronet LNG likely to move towards Rs 228 in near term: ICICIdirect - 02-Sep-2014 16:33
Ind-Ra affirms Hi-Tech Gears at 'A' - 02-Sep-2014 16:25
CRISIL assigns `AAA/Stable` on PNB - 02-Sep-2014 16:11
M&M allots shares under ESOS - 02-Sep-2014 16:05
Hero Motocorp appoints Sanjay Jorapur as chief HR officer - 02-Sep-2014 15:58
Era Infra bags order worth Rs 3.14 bn - 02-Sep-2014 15:50
CRISIL reaffirms `AA+/Stable/A1+` on Marico - 02-Sep-2014 15:20
NOCIL appoints Dharmishta N Raval as additional director - 02-Sep-2014 14:38
more...
* Q - Quote , N - News , C - Chart , F - Financials
Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type   nb7t3k into this box
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Forums  |   E-mail  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer