Pound Falls As UK Factory PMI Rises Less-than-expected
Oct 03, 2017, 02:19
The Philippines last month managed to land second place in Southeast Asia behind Vietnam in terms of growth of manufacturing activity, but the improvement was its second weakest since its inclusion in January a year ago in the survey IHS Markit conducts for Nikkei, Inc. Any reading above 50 indicates growth.
The measure of new orders rose to 54.9 from 54.4, with firms citing increased client demand and product development.
The pound was trading 0.7 per cent lower against the dollar, at $1.3306, in early trading, after IHS Markit's purchasing managers' index (PMI) for the manufacturing sector slid by a point in September, to 55.9.
Meanwhile, the pace of job creation eased to the weakest since October 2016.
"Exports remain a bright spot, however, still rising at one of the strongest rates over the past six-and-a-half years".
Growth in the manufacturing sector slowed last month as costs for factories increased sharply, according to a closely watched survey.
"On balance, the continued solid progress of manufacturing and export growth is unlikely to offset concerns about a wider economic slowdown, but the upward march of price pressures will add to expectations that the Bank of England may soon decide that the inflation outlook warrants a rate hike", said Rob Dobson, Director at IHS Markit.
"This is also happening alongside rising commodities prices, which are contributing to inflationary pressures across the supply chain. How will both cost and currency challenges affect lead times and production capacity?"
"By assessing and working to manage the currency risks posed by these key market influences, manufacturers can plan for rising costs and take steps to minimise their impact on the business".
"The survey data pointed to further slowing in output growth and a modest sales trend while employment shrank again as firms indicated sufficient manpower to meet production demand", he added. Respondents also reported a rare spike in exports of construction-related products for emergency relief and reconstruction in the U.S. following recent hurricane damage.
In August, Poland's PMI inched up to 52.5 from 52.3 in July.
What happened Sunday? The Giants won, thanks to Pablo Sandoval's walk-off home run against the Padres in Game 162 ( SF 5, SD 4 ). Ted Barrett, who was behind the plate for Cain's flawless game on June 13, 2012, also called the balls and strikes Saturday .
The bout between Texas Tech and Oklahoma State will be a sellout, according to the official Texas Tech football Twitter account. In fact, they reached the red zone on every possession in the first half but couldn't find much separation on the scoreboard.
Batsmen needed to spend time in the middle to score but nearly all of them lacked intent and hunger to do so. Fast bowler Mohammad Abbas (3-75) and leg-spinner Yasir Shah (3-120) sported the best figures for Pakistan .
Unlike the old PSVR which debuted a year ago , the new design does not require users to disconnect in order to view HDR content. The machine also comes with a "slimmer, streamlined" connection cable, no doubt useful when it has to drape down your back.
Will the players execute? All of these questions, and more will be answered (one way, or another) this Sunday in Denver. As embarrassed as the Raiders should be for their performance last week, at least the Redskins look like a good team.
The coup left Palestinian President Mahmoud Abbas's Fatah movement in control only of self-rule enclaves in the West Bank. The PA does not believe in the legitimacy of Hamas' arms. "If it does then it's a non-starter for Israel", he said.
Wolff said: "You can compare Malaysia to Silverstone probably, where we have been very good at high speed". For Ricciardo it was an eighth podium in 11 races, and another sign that Red Bull is coming back strongly.
Gareth Bale has been left out of Real Madrid's squad to face Espanyol on Sunday, with the Wales global nursing a calf complaint. The pair are joined on the sidelines by Theo Hernandez, Karim Benzema , Mateo Kovacic and Marcelo .
He's posted a sack in each game this season, and had a career-high three last week against the Kansas City Chiefs . The games were played at Toyota Stadium in Frisco, Texas, an 18,000-seat venue that is home to MLS's FC Dallas.
The mayor of San Germán, a town of about 35,000 in the southwestern corner of the island, echoed Cruz's harsh words. Can you tell us about what you've been seeing when you've been out and about? Puerto Rico is not.
Last term, Celtic managed just three points and were without a win during their Champions League campaign. Up next for Celtic in Europe is a trip to Bayern Munich on October 18.
Ex-Maharashtra CM Narayan Rane launches new party
It is believed that Mr Shah suggested that the former Congress leader form his party and join the Maharashtra government. An alliance with Mr Rane's party will form a safety net for the BJP in case of an exit by its fractious ally Shiv Sena.
'Let's Make a Deal' host Monty Hall has died aged 96
Shortly after his wife of nearly 70 years died last June, he suffered a heart attack and didn't recover from it. Born on August 25, 1921, in Winnipeg, Manitoba, young Monte Halperin was a theater kid through-and-through.
Last-minute guide to betting on the NRL Grand Final
If you are going to overcome this mob, you'll have to do it the hard way, because North Queensland don't do freebies. Then a third came just before halftime after Cowboy Antonio Winterstein fumbled a grubber.