UK manufacturers cranked up production in October to meet growing domestic demand but export orders fell again as problems in the eurozone continued. The closely watched Markit/CIPS UK Manufacturing PMI survey came in stronger than expected, with the main activity index bouncing back to a three-month high in October. The index stood at 53.2, recovering from September’s 17-month low of 51.5 and beating the consensus forecast for 51.2 in a Reuters poll of economists. That contrasted with a reading of 50.6 for the eurozone manufacturing sector, only just above the 50-mark that separates growth from contraction. The UK report showed manufacturing production rising for the 19th month in a row, with strong increases in the consumer and intermediate goods sectors, and a “solid gain” for capital goods manufacturers, the survey compilers said. Demand from domestic-based clients helped new business grow at the fastest pace for three months. But export orders fell for the second … [Read more...] about UK manufacturing boosted by domestic demand, survey shows
close Video November jobs report shows 266K new jobs added Unemployment rate drops to 3.5 percent; Fox Biz Flash: 12/6. Under President Trump, we’ve seen the labor markets reach incredible heights. The good news for American workers is that the growth in jobs and wages isn’t coming to an end any time soon. Although I have to admit that I never tire of the “beat expectations” admissions that seem to come out after every new economic report, you have to wonder what it will take for liberals to finally acknowledge an economic boom that’s improving the lives of all Americans. The November jobs report should be more than enough to dispel the pessimism that anti-Trump “experts” constantly sow through the media. The American economy added 266,000 new jobs in November, sending the unemployment rate to a 50-year low of 3.5 percent. US JOB GROWTH ROARS BACK IN NOVEMBER, WITH 266,000 ADDED The results blew past expectations. … [Read more...] about Andy Puzder: Big jobs numbers — What will it take for liberals to admit an economic boom?
A commission appointed by the State government for identifying economically backward sections among the forward communities to grant 10% reservation is learnt to have adopted a flexible approach in setting the norms.The decision is to have norms that suit the State’s social and economic milieu for beneficiary selection.Sources privy to the drafting of norms told The Hindu that instead of describing the beneficiaries as forward communities, the commission has redefined them as ‘general category’, comprising all others except, Scheduled Castes, Tribes and Other Backward Classes. On finding that the exclusion criteria laid by the Centre was not conducive for the State, the commission has chosen a more flexible and independent approach.The Central norms were found to be too rigid and incompatible to the social conditions of the State. For instance, it seeks to weed out those having five acres of land or more, a housing plot of two cents in Corporation and municipal areas … [Read more...] about Commission adopts flexible norms to aid the economically weak
Port-au-Prince (AP) — The flaming barricades are mostly gone, protesters have largely dissipated and traffic is once again clogging the streets of Haiti’s capital, but hundreds of thousands of people are now suffering deep economic aftershocks after more than two months of demonstrations. The protests that drew tens of thousands of people at a time to demand the resignation of President Jovenel Moïse also squeezed incomes, shuttered businesses and disrupted the transportation of basic goods. “We are nearing a total crash,” Haitian economist Camille Chalmers said. “The situation is unsustainable.” Haiti’s economy was already fragile when the new round of protests began in mid-September, organized by opposition leaders and supporters angry over corruption, spiraling inflation and dwindling supplies, including fuel. More than 40 people were killed and dozens injured as protesters clashed with police. Moïse insisted he would not resign … [Read more...] about Protests subside, but economic aftershocks rattle Haitians
Britain’s manufacturers enjoyed faster growth last month in a boost to Chancellor George Osborne as he prepares to present his autumn statement on Wednesday. Figures signalling the fastest UK manufacturing growth for four months contrasted with news that eurozone manufacturing had ground to a near standstill as Germany, the currency bloc’s main engine of growth, suffered a drop in factory activity and export orders. In the UK, eurozone troubles were reflected in weak export orders although domestic demand continued to fill the gap. The UK manufacturing sector is still far below its pre-crisis strength but has been growing for 21 months in a row and job creation has picked up to meet rising domestic orders, according to the latest Markit/CIPS UK Manufacturing PMI report. The survey’s main reading of factory activity for November beat City expectations and was the highest since July. At 53.5, the index was up from 53.5 in October and well above the 50-mark that … [Read more...] about UK manufacturing boost ahead of chancellor’s autumn statement