UK factories start stockpiling again before new Brexit deadline - PMI

China 70 Years Anniversary

In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction.

"We expect that the slowdown in the manufacturing index will eventually spill over to the broader economy, and this latest drop in manufacturing ISM index points to even more downside risks for the upcoming non-manufacturing ISM index, which is due to be released on Thursday", read a note to clients from two NatWest Markets economists, Michelle Girard and Kevin Cummins. "It appears that firms are losing hope of there being an end in sight for the US-China trade war, which looks to be dampening export orders at an accelerated pace in the Philippines", he added.

For the Philippines, its Purchasing Managers' Index (PMI) fell fractionally from 51.9 in August to 51.8 in September, signaling a moderate and weaker-than-average improvement in operating conditions across the manufacturing sector.

But output still shrank, with figures below 50 on the index, by IHS Markit and the Chartered Institute of Procurement & Supply (CIPS), indicating a decline in trading conditions.

Concurrently, new export orders moved closer to stagnation, with September seeing only a fractional upturn in worldwide sales that was the weakest in the current run of growth.

Fan charged $724 for 2 beers at Dolphins game gets a refund
While there isn't a set beer price at the stadium, they typically range from $5-$15 at Dolphins home games . He faces charges of grand theft by using a skimming device and has a $10,000 bond, according to police.

Manufacturing production continued to contract in September, as companies cut back output in response to a further reduction in new order intakes. The headline index for the eurozone was 45.7, its lowest since October 2012.

India's economic growth has slumped for the fifth straight quarter to an over six-year low of 5 per cent in the three months ended June as consumer demand and private investment slowed amid deteriorating global environment. The headline index has now remained below the neutral 50.0 mark for five successive months, its longest sequence below that mark since mid-2009.

Seamus Nevin, chief economist at manufacturing body Make UK, said: "Were it not for the emergency stockpiling activities that took place ahead of our original European Union exit date last March, the UK manufacturing sector would already be in recession".

"However, while businesses generally remain upbeat about expanding production over the coming year, September saw some loss of optimism. This should support businesses in the midst of a hard export climate", he further said.

Related News:



Most liked

Health Officials Say Get Your Flu Shot Now
In developing a universal vaccine , researchers are looking for multiple weaknesses across a wider range of flu viruses. For example, people with coronary artery disease have an increased risk of heart attack if they contract influenza.

California man accused of spying for China, US officials say
Peng is a naturalized USA citizen who entered the US on a temporary business visitor visa in 2011 and was naturalized in 2012. Peng was arrested at his home on September 27 and was ordered to be held without bond at a hearing before U.S.

Model Gigi Hadid Stops Woman Who Gatecrashed Chanel Paris Fashion Week
Loyal Chanel clients, many of whom are invited to see the shows, had mixed views on its new designer's efforts so far. She was also in the news for infiltrating a meeting of Marine Le Pen.

Call of Duty: Mobile now available for download on Android
Well, millions of players who have tuned in to the game on the very first day have put some load on game servers. The textures of COD Mobile feel less pixelated compared to PUBG and character models feel more alive as well.

Pompeo Responds to House Subpoena: You’re Trying to ‘Intimidate,’ ‘Bully’ State Department
President Donald Trump , that the requested dates for the officials to voluntarily appear for depositions were "not feasible". Pompeo said in a letter to the House Foreign Affairs Committee, as part of the chamber's impeachment inquiry into U.S.

Trump asked Scott Morrison to help discredit Mueller
The investigation outraged Trump, who cast it as a politically motivated "witch hunt". Attorney General William Barr has asked Mr.

Ex-Dallas officer who killed neighbor found guilty of murder
She was off duty but still dressed in her police uniform after a long shift when she shot Mr Jean with her service weapon. Just before Guyger entered Jean's apartment, she had a 16-minute phone conversation with a fellow officer, Martin Rivera.

Rockstar isn't making single-player DLC for 'Red Dead Redemption 2'
Now, Hamad and his team are working on meeting their equally high ambitions for Red Dead Online . It's a sharp diverge from the first Red Dead , however.

Iceberg the size of Sydney breaks off Antarctic ice shelf
The Amery Ice Shelf is the third largest in Antarctica and is located between Australia's Davis and Mawson research stations. The name comes from a classification system run by the US National Ice Centre, which divides the Antarctic into quadrants.

Red meat unhealthy? Maybe not, researchers say
And based on that analysis, the study authors concluded that any health effects due to eating meat were uncertain. Many studies continue to report that red and processed meat is bad for you.

New Microsoft Surface devices leaked
Secondly, the image at the top of this article shows what is, at first glance, presumably the Surface Pro 7 (with the kickstand). That can be due to the choice of the new Snapdragon 8cx chipset instead of Intel , but we're just guessing.

Crude Oil Futures Tumble, End At 1-month Low
West Texas Intermediate Crude oil futures for November ended down $1.84, or about 3.3%, at $54.07 a barrel. "The oil market is facing challenging times".

Unleashed from Trump, Bolton says North Korea still seeks nukes
Secretary of State Mike Pompeo also said Thursday that working-level talks that had been hoped for this month had not been scheduled.

Montana governor declares emergency amid ‘hazardous’ snowstorm
The storm has resulted in "heavy, wet snow with accumulation amounts up to three feet in some locations", according to Bullock. Steve Bullock to quickly declare a "winter storm emergency" Sunday night across the state.

UK's Prince Harry makes conservation appeal, observes anti-poaching drill in Malawi
She was also given a special gift for baby Archie from denim label Tshepo - a pair of dungarees. The Duchess is now staying in South Africa with the couple's almost 5-month-old son, Archie .