UK Construction Activity Growth Accelerates Despite Weak Outlook

UK construction sector expansion unexpectedly accelerated in October, but firms were the least optimistic about prospects in nearly six years, survey data from IHS Markit showed on Friday. The IHS Markit/ Chartered Institute of Procurement & Supply construction Purchasing Managers’ Index, or PMI, rose to 53.2 from 52.1 in September. Economists had expected a score of 52. A PMI reading […]

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China’s Manufacturing Sector Expands Marginally

China’s manufacturing sector expanded only slightly in October as output remained broadly unchanged amid marginal increase in new business, survey data from IHS Markit showed Thursday. The Caixin Purchasing Managers’ Index came in at 50.1 in October versus 50.0 in September. The reading was expected to remain unchanged at neutral level of 50.0. A score above 50 indicates expansion. Prior […]

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UK Service Sector Growth Moderates In September

British service sector growth remained strong in September, but the pace of expansion eased moderately since August, survey data from IHS Markit showed Wednesday. The IHS Markit/Chartered Institute of Procurement & Supply services Purchasing Managers’ Index dropped to 53.9 in September from 54.3 in August. The score was also below the forecast of 54.0. However, any reading above 50 indicates […]

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UK Manufacturing Sector Logs Faster Growth In September

The UK manufacturing sector expanded at a faster pace in September as growth in output and new orders gained traction, survey data from IHS Markit and the Chartered Institute of Procurement & Supply showed Monday. The manufacturing Purchasing Managers’ Index rose unexpectedly to 53.8 in September from 53.0 in August. The score was forecast to drop to 52.5 from August’s […]

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Huawei Overtakes Apple as New #2 Smartphone Maker

Chinese smartphone manufacturer Huawei Technologies has beaten out its U.S.-based rival Apple Inc. (AAPL) to become the world’s second-largest smartphone maker, according to reports from International Data Corp. (IDC), Counterpoint Research, IHS Markit and Canalys. (See also: Apple Stock Could Spend Months Testing the $200 Level.) While the total smartphone market declined 1.8% in the second quarter of 2018, Huawei’s market share […]

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