undergroundnewsroom.com
undergroundnewsroom.com April 26, 2018


Manufacturing PMI at five-month low of 51 in March

04 April 2018, 01:14 | Damon Campbell

Singapore's manufacturing activity grows for 19th straight month in March

Strong Canadian manufacturing growth maintained in March

But the performance completes a relatively weak quarter for the industry after a mini-boom at the end of a year ago.

The Caixin survey showed that staff numbers at Chinese manufacturing companies declined at the fastest pace since August amid reports of cost-cutting plans. It was marginally higher than a preliminary reading of 53.6.

The March PMI decreased by 1.5 percentage points, landing at 59.3%. This is just one-tenth of a point lower than the flash estimate from mid-March and was highlighted by strong new orders and export orders.

In PMI parlance, a reading above the 50 point mark means growth, while below that mark shows a contraction.

USA factories reported a strong end to the first quarter, with the PMI advancing to a three-year high.

Goods manufacturers raised their output for the eighth successive month during March. Panelists commonly reported that the latest rise was driven by firmer client demand.

Production and total new orders both expanded at their weakest rates in four months, while the increase in export sales was the slowest since May, according to the survey, which is sponsored by Caixin and compiled by global information and data analytics provider IHS Markit Ltd. "Companies cited rising demand at home and overseas plus recent government policy announcements as helping shore up confidence in terms of their future production levels". However, the ability of manufacturers to make a profit was beefed up by the stable increase in new orders and the much slower jump in input costs. "Increased costs were often passed on to customers, meaning prices charged for goods at the factory gate showed the steepest rise in over four years".

Another cold front, possible storms heading our way
There is now a Slight Risk for severe weather for Chattanooga and areas west for mainly strong winds of 50-60 miles per hour . Another chance for stormy weather looks to roll into Central Texas and the Austin area Tuesday afternoon into the evening .

Facebook collecting phone calls, text messages from Android users
In my case, my personal data came in at over a gigabyte, most of it comprised of Messenger exchanges, GIFs, and photos. Facebook introduced the messenger app to let the user communicate with their friends on Facebook .

Samsung Galaxy Note9 reportedly releasing as early as July
If the rumored timeline is accurate, this could mean the handset might come out in July or August. One of the more peculiar promises with the Galaxy S9 was FM radio support.

The prices index was the only metric to increase in March, reaching 78.1% after landing at 74.2% in February.

The President of CIER Wu Chun-shu (吳中書) said part of the reason for the gains in March was due to a higher number of working days following the week long holiday period in February.

Analysts at Econoday noted that despite the overall soft month-over-month performance, there is strength in the homebuilding sector, and building for transportation projects and commercial projects have also improved lately. For China, which is in the midst of a tariff battle with the US, new factory orders and exports have been muted.

However, the UK's deficit with the rest of the world shrank, as the United Kingdom received increased earnings on foreign investments thanks to a growing world economy'.

Affin Hwang Investment Bank Bhd chief economist Alan Tan said Malaysia's manufacturing growth remains to be in the range of 5% in the first half of 2018 (1H18) supported by the robust economic growth, compared with 6% in 2017.

As such, there's been optimism about the year ahead, though the ongoing tariff battles-largely between the USA and China over steel and intellectual property rights-have contributed to inventory stockpiles.

While the US economy ended 2017 on fairly high note, MarketWatch noted it may have gotten off to a softer start in 2018.



Other News

Trending Now

Last Syrian Rebel Group Starts Leaving Ghouta
It was the first organized evacuation of fighters from Douma, which has held out against government forces through 7 years of war. The government says it is restoring security to Damascus, which was regularly shelled from eastern Ghouta during the war.

Ibrahimovic's glitzy debut rallies Galaxy
Ibrahimovic, who announced his switch to the MLS last month has maintained his fantastic record of scoring on his debut. In the first ever LA derby against LAFC, Ibrahimovic watched his new side fall 3-0 behind from the substitutes bench.

Travellers, airlines face difficulties as Buhari visits Lagos
Buhari during the visit inaugurated some projects and also attended the 10th Senator Bola Ahmed Tinubu's Colloquium. Ibrahim Idris, has ordered tight security nationwide to ensure a hitch-free Easter celebration.

White Louisiana policeman fired over shooting of black man
Salamoni points his pistol at Sterling's head and says, "Put your hands on the vehicle or I'll shoot you in the f****** head". Salamoni said in the interview that Lake "was trying to be nice and as calm as possible while speaking to Sterling".

Apple Plans to Use Own Chips for Macs as Early as 2020
The price target set for the stock is $53.25 and this sets up an interesting set of potential movement for the stock. Renduchintala sold 17,946 shares of the business's stock in a transaction that occurred on Wednesday, January 31st.

American Stephens beats Ostapenko for Miami Open title
For Jelena Ostapenko this has been her best run of form this year, with her first back to back wins since the Australian Open. She managed to break down Stephens' serve in the first game of the second set, but gave the advantage straight back.

76ers C Embiid needs surgery for orbital fracture
The collision occurred just 20 seconds into the second quarter when Markelle Fultz was trying to drive towards the hoop. He will start to thrive in the 76ers offense, along with Joel Embiid , Dario Saric , Ben Simmons , J.J.

Malala visits hometown in Pakistan for first time since Taliban shooting
Security was beefed up in Mingora , Yousafzai's hometown, but authorities wouldn't confirm whether she would be arriving there. According to her uncle Mahmoodul Hassan, she is visiting her home and also plans to meet with her friends and relatives.

Briton's gonorrhoea the 'worst-ever' case
The bacteria can enter a person system merely by coming in contact with the penis, vagina, mouth and anus of the infected person. Untreated infections can lead to infertility and pelvic inflammatory disease, and can be passed on to a child during pregnancy.

Meghan Markle's nephew not invited to royal wedding
To celebrate the upcoming royal wedding, TeamSport is on the hunt for Harry's (or Henry's) who are engaged to a Meghan (or Megan). Meghan Markle's family will reportedly receive their very own family coat of arms ahead of her royal wedding to Prince Harry .