FOREX TradingCharts.com

Financial News: UK Factory Activity Growth Accelerates In August

UK Factory Activity Growth Accelerates In August

09/01/2017 - 04:52:00 (RTTNews)

(RTTNews) - The UK manufacturing sector expanded strongly in August driven by widespread growth across sectors, survey data from IHS Markit showed Friday.

The Markit/Chartered Institute of Procurement & Supply Purchasing Managers' Index rose unexpectedly to 56.9 in August from 55.3 in July.

This was the second-highest level in over three years. The expected level was 55.0.

Production rose at the steepest pace in seven months in August driven by faster intakes of new work received.

Job creation was recorded for the thirteenth straight month, with the rate of increase the quickest since June 2014.

Purchase price inflation accelerated for the first time in seven months during August. At the same time, manufacturers' selling prices rose at a solid, yet slower, pace.

"The survey data suggest that the manufacturing economy remains in good health despite Brexit uncertainty, and should help support on-going growth in the economy in the third quarter, which will add fuel to hawkish policymakers' calls for higher interest rates," Rob Dobson, director at IHS Markit, said.

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


Norges Bank Unlikely To Hike Rates In Near Future: Capital Economics (11 hr(s), 30 min(s), 58 sec(s) ago)
(RTTNews) - Norway's interest rate increases seem very far with inflation likely to remain bel ...Full Story»

Eurozone Private Sector Growth At 4-Month High (13 hr(s), 30 min(s), 58 sec(s) ago)
(RTTNews) - Eurozone's private sector expanded at the fastest pace in four months in September ...Full Story»

Russia CB Likely To Cut Rates Further On Lower Inflation Expectations (13 hr(s), 54 min(s), 58 sec(s) ago)
(RTTNews) - Russia's central bank is likely to cut interest rates in the near future amid lowe ...Full Story»

Brazil Business Confidence Improves Slightly (13 hr(s), 57 min(s), 58 sec(s) ago)
(RTTNews) - Brazil's business confidence improved for the third straight month in September, t ...Full Story»

Brazil Consumer Confidence Strengthens In September: FGV (14 hr(s), 11 min(s), 58 sec(s) ago)
(RTTNews) - Brazil's consumer confidence improved in September after weakening in the previous ...Full Story»

Spain Trade Deficit Widens In July (14 hr(s), 33 min(s), 58 sec(s) ago)
(RTTNews) - Spain's foreign trade deficit increased notably in July from a year ago, as import ...Full Story»

Hungary Inflation Likely To Exceed Central Bank's Projection: Capital Economics (14 hr(s), 40 min(s), 58 sec(s) ago)
(RTTNews) - Mounting capacity constraints and rapid wage growth in Hungary suggest that the headli ...Full Story»

Ireland Factory Gate Prices Fall For Third Month (15 hr(s), 12 min(s), 58 sec(s) ago)
(RTTNews) - Ireland's factory gate prices declined for the third straight month in August, fig ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Norges Bank Unlikely To Hike Rates In Near Future: Capital Economics

09/22/2017 - 10:25 AM (RTTNews)
(RTTNews) - Norway's interest rate increases seem very far with inflation likely to remain bel ...Full Story>>

Eurozone Private Sector Growth At 4-Month High

09/22/2017 - 08:25 AM (RTTNews)
(RTTNews) - Eurozone's private sector expanded at the fastest pace in four months in September ...Full Story>>

Russia CB Likely To Cut Rates Further On Lower Inflation Expectations

09/22/2017 - 08:01 AM (RTTNews)
(RTTNews) - Russia's central bank is likely to cut interest rates in the near future amid lowe ...Full Story>>

Brazil Business Confidence Improves Slightly

09/22/2017 - 07:58 AM (RTTNews)
(RTTNews) - Brazil's business confidence improved for the third straight month in September, t ...Full Story>>

Brazil Consumer Confidence Strengthens In September: FGV

09/22/2017 - 07:44 AM (RTTNews)
(RTTNews) - Brazil's consumer confidence improved in September after weakening in the previous ...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.