FOREX TradingCharts.com

Financial News: Russia Manufacturing Growth Gains Momentum

Russia Manufacturing Growth Gains Momentum

06/01/2017 - 02:42:00 (RTTNews)

(RTTNews) - Russian manufacturing sector growth improved strongly in May amid solid expansion in output and weak inflationary pressures, survey data from IHS Markit showed Thursday.

The Purchasing Managers' Index for the factory sector climbed to 52.4 from 50.8 in April. Economists had expected the reading to remain unchanged.

A PMI score above 50 suggests growth in the sector. The manufacturing sector grew for a tenth month running.

Overall new orders grew for a tenth straight month though export demand declined. Input prices rose at a historically modest pace and output prices climbed for a second month in a row. Employment declined for a third consecutive month.

"The manufacturing sector continues to make a positive contribution to overall economic expansion, with IHS Markit forecasting GDP growth of 1.1% in 2017, below the official prediction of 1.5-2 percent," Sian Jones, an economist at IHS Markit, said.

"This follows subdued growth at the start of 2017."

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Iceland Wage Growth Accelerates In May (03 min(s), 07 sec(s) ago)
(RTTNews) - Iceland's wage growth accelerated for the first time in thirteen months in May, fi ...Full Story»

ECB Seeks More Euro Clearing Supervisory Powers (57 min(s), 07 sec(s) ago)
(RTTNews) - The European Central Bank has sought more supervisory powers over the clearing activit ...Full Story»

Germany Q1 Wages Rise At Slower Rate (01 hr(s), 31 min(s), 07 sec(s) ago)
(RTTNews) - Germany's real wages grew at a slower pace in the three months ended March, figure ...Full Story»

KOF Downgrades Swiss 2017 GDP Forecast (01 hr(s), 36 min(s), 07 sec(s) ago)
(RTTNews) - Switzerland's economy is forecast to grow at a slightly slower than previously pro ...Full Story»

German Construction Orders Rise In April (02 hr(s), 0 min(s),07 sec(s) ago)
(RTTNews) - The total value of new orders received by the German construction industry increased i ...Full Story»

Austria Production Index Climbs In April (02 hr(s), 20 min(s), 07 sec(s) ago)
(RTTNews) - Austria's production index increased in April from a year ago, figures from Statis ...Full Story»

Taiwan Industrial Output Rebounds More Than Expected (02 hr(s), 39 min(s), 07 sec(s) ago)
(RTTNews) - Taiwan's industrial production increased at a faster-than-expected pace in May, af ...Full Story»

Italy Industrial Orders Fall For Second Month (03 hr(s), 28 min(s), 07 sec(s) ago)
(RTTNews) - Italy's industrial orders decreased for the second straight month in April, figure ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Iceland Wage Growth Accelerates In May

06/23/2017 - 08:11 AM (RTTNews)
(RTTNews) - Iceland's wage growth accelerated for the first time in thirteen months in May, fi ...Full Story>>

ECB Seeks More Euro Clearing Supervisory Powers

06/23/2017 - 07:17 AM (RTTNews)
(RTTNews) - The European Central Bank has sought more supervisory powers over the clearing activit ...Full Story>>

Germany Q1 Wages Rise At Slower Rate

06/23/2017 - 06:43 AM (RTTNews)
(RTTNews) - Germany's real wages grew at a slower pace in the three months ended March, figure ...Full Story>>

KOF Downgrades Swiss 2017 GDP Forecast

06/23/2017 - 06:38 AM (RTTNews)
(RTTNews) - Switzerland's economy is forecast to grow at a slightly slower than previously pro ...Full Story>>

German Construction Orders Rise In April

06/23/2017 - 06:14 AM (RTTNews)
(RTTNews) - The total value of new orders received by the German construction industry increased i ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.