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

 
 
 

47 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

8 hours ago

Tata, Volkswagen, others agree to invest $1.9 bln in Maharashtra

Aug 28 2014 4:06pm CDT | Source: Business Standard

Tata Motors Ltd and German carmaker Volkswagen AG are among carmakers that have agreed to invest a total of 115 billion rupees ($1.9 billion) to expand their manufac ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
10

14 hours ago

Tata, Volkswagen, others agree to invest $1.9 bln in India

Aug 28 2014 9:30am CDT | Source: Reuters India

NEW DELHI (Reuters) - Tata Motors Ltd and German carmaker Volkswagen AG are among carmakers that have agreed to invest a total of 115 billion rupees ($1.9 billion) to expand their manufacturing capacity in Mahar ...
Source: Reuters India   Full article at: Reuters India
 

 
Update
9

14 hours ago

Koss suspends Mexican manufacturing, dividend after $2.15M loss

Aug 28 2014 9:20am CDT | Source: Business Journal of Milwaukee

Koss Corp.’s woes continued in the company’s fiscal fourth quarter as a 37.5 percent sales decrease led the company to suspend operations in Mexico “until sales volumes support enough demand for the products being produced there.” The Milwaukee-based stereo headphones firm said Wednesday fourth quarter revenue was $6.2 million compared with $9.9 million in the same period a year ago. The company’s net loss was $2.15 million, or 29 cents per share, for ...
Source: Business Journal of Milwaukee   Full article at: Business Journal of Milwaukee
 

 
Update
8

16 hours ago

HERE COMES A GDP REVISION...

Aug 28 2014 7:17am CDT | Source: Business Insider

At 8:30 a.m. ET, we'll get a revised estimate of U.S. GDP from the BEA. Economists estimate GDP growth will be revised down to 3.9% from 4.0% a month ago. Personal consumption is estimated to have slipped to 2.4% from 2.5%. Here's Morgan Stanley's Ted Wieseman: "Lower inventories partly offset by higher net exports should result in a downward revision to the 4.0% advance GDP estimate but with a better demand/in ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
7

18 hours ago

Burgard H.S. granted $3.2M for dvanced manufacturing studies

Aug 28 2014 6:15am CDT | Source: Buffalo Business First

Empire State Development has approved Research Foundation for the State University of New York for a grant of up to $3.2 million to create the Advanced Manufacturing Program at Burgard High School in Buffalo. The grant was part of $20.4 million in grant money used to fund projects that generate economic opportunity throughout New York. The SUNY Research Foundation is an educational corporation that administers externa ...
Source: Buffalo Business First   Full article at: Buffalo Business First
 

 
Update
5

1 day ago

Albuquerque firm sells 3-D printer to make artificial muscles

Aug 27 2014 3:36pm CDT | Source: New Mexico Business Weekly

Optomec, an Albuquerque-based additive manufacturing company, announced on Tuesday that it has sold a 3-D printer capable of producing artificial muscles to the Factory Automation and Production Systems (FAPS) Institute at Friedrich-Alexander-Universität Erlangen-Nürnberg university in Erlangen, Germany. The machine, known as the Aerosol Jet Quad Print Engine, is designed to create artificial muscles that can be used in games, robots and in med ...
Source: New Mexico Business Weekly   Full article at: New Mexico Business Weekly
 

 
Update
4

1 day ago

AGCO laying off 80 in Hesston

Aug 27 2014 2:16pm CDT | Source: Wichita Business Journal

AGCO Corp. is laying off 80 workers at its agricultural equipment manufacturing facility in Hesston. According to a report from KAKE News, United Steelworkers union president, Brian Lansaw, said the layoffs could begin as early as next week and that there will also be some furloughs and reduced work schedules at the plant as well. Lansaw said the company is blaming the reductions a soft market for their agro-business products. Rep ...
Source: Wichita Business Journal   Full article at: Wichita Business Journal
 

 
Update
3

1 day ago

Binghamton Man Arrested After Police Find Working Meth Lab in His Home

Aug 27 2014 2:11pm CDT | Source: Your News Now - Ithaca / Cortland

Scott Salmini, 27, was charged with unlawful manufacturing of methamphetamine and criminal possession of a controlled subst ...
Source: Your News Now - Ithaca / Cortland  Full article at: Your News Now - Ithaca / Cortland
 

 
Update
2

1 day ago

Binghamton Man Arrested After Police Find Working Meth Lab in His Home

Aug 27 2014 2:11pm CDT | Source: Your News Now - Binghampton / Oneonta

Scott Salmini, 27, was charged with unlawful manufacturing of methamphetamine and criminal possession of a controlled substance ...
Source: Your News Now - Binghampton / Oneonta   Full article at: Your News Now - Binghampton / Oneonta
 

 
Update
1

1 day ago

3 Space looks beyond manufacturing for 3-D printing, scanning customers

Aug 27 2014 1:34pm CDT | Source: Business First of Louisville

The applications for 3-D printing and scanning seem to be endless, and a local company has jumped on that opportunity to tap into new industries. The people behind 3 Space LLC, a Louisville-based engineering and 3-D printing firm, are looking to expand from manufacturing markets to those where 3-D printing hasn't really been discovered or used, such as architecture or archeology. The compan ...
Source: Business First of Louisville   Full article at: Business First of Louisville
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Massive solar flare can damage communications on Earth
New York, Aug 29 (IANS) The most powerful solar flare ever is beginning to rotate to a position directly in line with Earth that, if it hits the ground, can send GPS and communication signals out of gear, the NASA reported.
 
 
Human trials of Ebola vaccine to start next week
Washinton, Aug 29 (IANS) The US government announced Thursday that it will start initial human trials of Ebola vaccine next week.
 
 
4,000 Gaza fishermen go fishing in six-mile area
Gaza, Aug 28 (IANS) As many as 4,000 fishermen in the Gaza Strip Thursday were able to go fishing in a expanded zone, previously restricted to just three miles by Israel, a senior Palestinian official said.
 
 
Number of Ebola cases may reach 20,000: WHO
Geneva, Aug 28 (IANS/EFE) The number of people infected with the Ebola virus in Western Africa could reach 20,000, six times more than the current estimates, the World Health Organisation (WHO) warned Thursday.
 
 
 

Latest from the Network

Massive solar flare can damage communications on Earth
New York, Aug 29 (IANS) The most powerful solar flare ever is beginning to rotate to a position directly in line with Earth that, if it hits the ground, can send GPS and communication signals out of gear, the NASA...
Read more on Apple Balla
 
Paes-Cara, Bopanna-Katarina advance in US Open mixed doubles
New York, Aug 29 (IANS) India's Leander Paes and his Zimbabwean partner Cara Black, seeded third, along with the sixth seeds Rohan Bopanna and his Slovenian teammate Katarina Srebotnik advanced to the second round of...
Read more on Sport Balla
 
Is Philippines mulling an 'anti-selfie' bill?
Manila, Aug 29 (IANS) A bill that seeks to bar taking photos of people without their permission is under intense discussion in the Congress in the Philippines, said Carlos Zarate, a representative from Bayan Muna, the...
Read more on Politics Balla
 
Volcano erupts in Papua New Guinea
Port Moresby, Aug 29 (IANS) Papua New Guinea Police have warned residents to stay indoors after a volcano erupted Friday. Tavurvur, an active volcano on East Britain Island, erupted at 3.00 a.m., Xinhua reported. The...
Read more on Politics Balla
 
World's longest garland honours Indian spiritual guru in US
New York, Aug 29 (IANS) Over 200 meditation students of Sri Chinmoy from 35 countries, including India, have set a new Guinness world record for the World's longest fresh flower garland to honour the Indian spiritual...
Read more on Politics Balla
 
Protest leaders meet Pakistan Army chief
Islamabad, Aug 29 (IANS) Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT) leaders Friday met the Army Chief Raheel Sharif to find a solution to end the on-going political crisis in the country. This...
Read more on Politics Balla
 
US Sikhs, lawmakers protest basketball ban on turbans
Washington, Aug 29 (IANS) Two US lawmakers, including the lone Indian-American Congressman, have joined Sikh community groups in protesting the world basketball body FIBA's delay in reviewing the discriminatory policy...
Read more on Sport Balla
 
Australian PM to visit India, Malaysia
Sydney, Aug 29 (IANS) Australian Prime Minister Tony Abbott announced Friday that he will travel to India and Malaysia next week. On Abbott's first visit to India as prime minister, he said he will visit New Delhi and...
Read more on Politics Balla
 
Brazil wants Neymar from Santos: Dunga
Rio de Janeiro, Aug 29 (IANS) Brazil coach Dunga has said he expects Neymar to be fully fit for the Selecao's friendlies against Colombia and Ecuador next month. The 22-year-old missed Barcelona's 3-0 victory over...
Read more on Sport Balla
 
Udinese sign Brazilian midfielder Evangelista
Rio de Janeiro, Aug 29 (IANS) Udinese have completed the signing of midfielder Lucas Evangelista from Brazil's Sao Paulo. The 19-year-old was sold to the Italian Serie A outfit for 4,000,000 euros, Xinhua cited from...
Read more on Sport Balla