360° Coverage : British manufacturing sector continues to expand: survey

11 Updates
British manufacturing sector continues to expand: survey
Photo Credit: , Getty Images

British manufacturing sector continues to expand: survey

Oct 2 2013, 3:44am CDT | by IANS

London, Oct 2 (IANS) The British manufacturing sector continued to expand during September with employment surging to a 28-month peak, said a market sensitive report.

London, Oct 2 — The British manufacturing sector continued to expand during September with employment surging to a 28-month peak, said a market sensitive report. According to the report jointly...

Filed under: news

YouTube Videos

 
 
 

43 weeks ago

British manufacturing sector continues to expand: survey

Oct 2 2013, 3:44am CDT | by IANS

London, Oct 2 (IANS) The British manufacturing sector continued to expand during September with employment surging to a 28-month peak, said a market sensitive report.

London, Oct 2 — The British manufacturing sector continued to expand during September with employment surging to a 28-month peak, said a market sensitive report.

According to the report jointly issued by the financial information service company Markit and the Chartered Institute of Purchasing and Supply (CIPS), the Markit/CIPS Manufacturing Purchasing Managers' Index (PMI) was at 56.7 points in September, staying in expansion territory for the sixth successive month, reported Xinhua Tuesday.

A PMI reading of 50 points or greater indicates expansion, while below 50 indicates contraction. September's reading of 56.7 showed little changes from August's two-and-a-half-year peak of 57.1.

Manufacturing production maintained the momentum of growth for the sixth consecutive month in September, with the growth rate staying close to August's 19-year high.

The manufacturing sector saw growth in both output and new order volumes. The level of new export business also rose in September, but only moderately and to the weakest extent since May.

At the same time, rising employment in the manufacturing sector helped support efforts to raise production and clear backlogs of work, said the report.

Companies reported higher demand from the US, Europe, Asia, the Middle East, Scandinavia, Latin America, Russia and Australia, it said.

"Britain manufacturing continues to boom, adding to the flow of upbeat data which suggest that the economy is growing faster than almost anyone expected," said Rob Dobson, senior economist with Markit.

"These numbers are encouraging in respect to the rebalancing of the economy, with goods production likely to provide a major stimulus to economic growth in the third quarter," he said.

He expected the manufacturing output to expand by at least 1 percent in the third quarter of this year and possibly by as much as 1.5 percent.

"With orders surging and stock levels falling, as demand exceeded production in a growing number of companies, the outlook for output and employment remains on the upside heading towards year end," said Dobson.

IANS

Source: IANS

 
Update
11

19 minutes ago

Here Comes HSBC China PMI...

Jul 31 2014 8:30pm CDT | Source: Business Insider

HSBC China manufacturing PMI for July is out at 9:45 p.m. ET. Economists polled by Bloomberg are looking for manufacturing PMI to rise to 52, from 50.7 the previous month. The flash reading out earlier in July showed PMI climbing to an 18-month high of 52. A reading below 50 indicates contraction.  Earlier we got the official PMI number which climbed to 51.7, from 51 in June and beating expectations for a rise to 51.4. China's mini-stimulus has helped improve sentiment and B ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
10

25 minutes ago

China Manufacturing Gauge Hits 27-Month High

Jul 31 2014 8:24pm CDT | Source: WSJ.com: Asia Home

A closely watched gauge of manufacturing activity in China improved in July, the latest sign of recovery in the sector. The official manufacturing Purchasing Managers Index rose to 51.7 in July compared with 51.0 in June, marking a 27-month high. ...
Source: WSJ.com: Asia Home   Full article at: WSJ.com: Asia Home
 

 
Update
9

1 hour ago

Asia taken aback by Wall St swoon, pins hopes on China

Jul 31 2014 7:37pm CDT | Source: Reuters India

SYDNEY (Reuters) - Asian shares stumbled on Friday after a month-end swoon on Wall Street, though some were hoping China would offer better news on manufacturing ...
Source: Reuters India   Full article at: Reuters India
 

 
Update
8

3 hours ago

Business loans down for first time since Nov 2012

Jul 31 2014 5:07pm CDT | Source: Business Times Singapore

August 01, 2014 1:39 AM[SINGAPORE] Weaker trade finance and lending to the manufacturing sector dampened loan growth in June, with Singapore-dollar business loans declining from the previous month for t ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
7

4 hours ago

American Railcar Q2 earnings jump 36 percent

Jul 31 2014 4:44pm CDT | Source: St. Louis Business Journal

American Railcar Industries Inc. reported net earnings of $32.2 million in the second quarter, an increase of 36 percent from the same period last year. For the three months ending June 30, the company posted revenue of $237.5 million, up from $159.4 million in second quarter of 2013. Of the revenue from the second quarter, more than $206 million came from American Railcar’s manufacturing business, up from $132.2 million in the prior-year period. The company shipped 2,140 railcars in the seco ...
Source: St. Louis Business Journal   Full article at: St. Louis Business Journal
 

 
Update
5

4 hours ago

Tesla's Plans For Its Massive Battery Factory Make It Sound Like A Legendary Ford Plant

Jul 31 2014 4:32pm CDT | Source: Business Insider

Tesla just reported second quarter earnings, with beats on both earnings and revenue. In the company's letter to shareholders, it highlighted the importance of its planned, massive $5-billion lithium-ion battery Gigfactory. Tesla recently formed a partnership with Panasonic to get the Gigafactory up and running and is reportedly closing in on selecting a construction site. But it was this sentence from the letter that really grabbed our attention: "Processed ore from mines w ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
4

6 hours ago

IPO Preview: Macrocure

Jul 31 2014 2:34pm CDT | Source: SeekingAlpha

By IPOdesktop: Based in Petach Tikva, Israel, Macrocure (NASDAQ:MCUR) scheduled a $75 million IPO on the Nasdaq with a market capitalization of $264 million at a price range midpoint of $14 for Thursday, July 31, 2014.The full IPO calendar is available at IPOpremium SEC Documents Manager, Co-Managers: Credit Suisse and JefferiesJoint Managers: Nomura Securities, Oppenheimer & Co.End of lockup (180 days): Tuesday, January 27, 2015End of 25-day quiet per ...
Source: SeekingAlpha   Full article at: SeekingAlpha
 

 
Update
3

7 hours ago

General Electric spins off credit card unit in IPO

Jul 31 2014 1:08pm CDT | Source: The Washington Post

Synchrony Financial, the credit card unit of General Electric, made its debut Thursday as a public company, raising $2.9 billion in the year’s largest initial public offering. The offering brings GE a step closer to reducing its footprint in financial services, a line of business that nearly kneecapped the company during the 2008 financial crisis. GE officials have said the company will return to its industrial manufacturing roots and focus on making products ...
Source: The Washington Post   Full article at: The Washington Post
 

 
Update
2

7 hours ago

Southgate developing $3.2M speculative manufacturing building in Licking County

Jul 31 2014 12:53pm CDT | Source: Business First of Columbus

Industrial developer Southgate Corp. has started to build a 50,000-square-foot industrial property designed to fill a steady market niche for manufacturing space in Licking County. The $3.2 million project got under construction in early July. The developer bought the 6.8-acre site in June for $300,000 from the Heath-Newark-Licking County Port Authority. The development site is part of the authority’s Central Ohio Aerospace & Technology Center campus. “We’re really focusin ...
Source: Business First of Columbus   Full article at: Business First of Columbus
 

 
Update
1

8 hours ago

Hiring expected to hit a high in August

Jul 31 2014 12:35pm CDT | Source: Nashville Business Journal

Hiring at companies around the country is expected to reach a four-year high for August, according to a survey released this morning. The increase is expected in both the manufacturing and service sectors, according to the Society for Human Resource Management, which compiled the report. Slightly more than 50 percent of manufacturers and 35 percent of service-sector companies said they expect to increase t ...
Source: Nashville Business Journal   Full article at: Nashville Business Journal
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Now SEPA to facilitate euro payments
Brussels, Aug 1 (IANS) The European Commission said Thursday that the Single Euro Payments Area (SEPA) would become fully operational in all euro zone countries from Aug 1, 2014 onwards.
 
 
Ebola outbreak: $100 mn response plan in West Africa
Geneva, Aug 1 (IANS) The director-general of the World Health Organisation (WHO) and presidents of West African countries hit by the Ebola virus outbreak will Friday meet in Guinea to launch a new $100 million response plan.
 
 
OPEC daily basket price closes lower
Vienna, July 31 (IANS) The basket of 12 crude oils of the Organization of Petroleum Exporting Countries (OPEC) stood at $105.21 a barrel Wednesday, against $105.44 Tuesday, according to the OPEC Secretariat.
 
 
Ebola outbreak not a global threat: Report
London, July 31 (IANS) The deadly Ebola virus does not pose a global threat, a latest report has claimed, adding that as long as the virus continues to infect people in Liberia, Guinea and Sierra Leone, there is small risk of more long-distance export of the disease.
 
 
 

Latest from the Network

Kelsey Grammer wants more kids
Los Angeles, Aug 1 (IANS) Actor Kelsey Grammer, who recently became father for the sixth time and is also a grandfather, is keen to expand his family even at the age of 69. His young wife Kayte gave birth to the...
Read more on Celebrity Balla
 
Eddie Cibrian has no 'ulterior motives'
Eddie Cibrian believes his new reality TV show will prove he is devoted to LeAnn Rimes. The 41-year-old actor, who tied the knot with the country singer in 2011 after their affair led to the breakdown of their first...
Read more on Celebrity Balla
 
Chad Kroeger buys 17-carat ring for Avril Lavigne
Chad Kroeger bought Avril Lavigne a lavish 17-carat diamond ring for their first wedding anniversary. The 'Here's to Never Growing Up' hitmaker, who married the Nickelback frontman, 39, at Château de La Napoule in the...
Read more on Celebrity Balla
 
Hilary Duff's separation has been 'very difficult'
Hilary Duff admits her split from husband Mike Comrie has been ''very difficult.'' The 'Chasing the Sun' hitmaker, who announced her separation from the former ice hockey player in January after three years of marriage...
Read more on Celebrity Balla
 
China accuses US over military reconnaissance
Beijing, Aug 1 (IANS) China Thursday accused the US of regular reconnaissance by naval ships and aircraft in Chinese waters and airspace. "Vessels and aircraft of the US military have for a long time carried out...
Read more on Politics Balla
 
UAE provides $544 mn for needy West Bank families
Dubai, Aug 1 (IANS) The United Arab Emirates (UAE) has provided two million Dirham (544 million dollars) in aid to more than 4,400 needy families in the West Bank during holy month of Ramadan. The aid was provided...
Read more on Politics Balla
 
Iggy Azalea to make film debut in 'Fast and Furious 7'
Los Angeles, Aug 1 (IANS) Singer-model Iggy Azalea is all set to make her acting debut. She will be seen in a cameo in the forthcoming movie "Fast and Furious 7", actor Vin Diesel has revealed. The 47 year-old actor...
Read more on Celebrity Balla
 
Kelly Osbourne sued by former landlord
Los Angeles, Aug 1 (IANS) Kelly Osbourne's former landlord has sued her by claimed that the singer caused damages worth $70,000 to his property after she let her dogs defecate all over the apartment. The "Fashion...
Read more on Celebrity Balla
 
Lana Del Rey says ex-boyfriend is 'unwell'
Lana Del Rey claims her ex-boyfriend Barrie-James O'Neill is ''unwell.'' The 'Summertime Sadness' hitmaker, who split from the Scottish musician in June after three years together, admits they were not a good match, as...
Read more on Celebrity Balla
 
Ryan Seacrest's pals concerned about his gilfriend
Ryan Seacrest's friends are allegedly worried his girlfriend might be a ''gold digger.'' The 'American Idol' host, 39, started dating 24-year-old fitness trainer Shayna Taylor last summer, but his close pals reportedly...
Read more on Celebrity Balla