Brazil's Manufacturing Sector Rebounds In October


Brazil's manufacturing sector expanded for the first time in four months in October, helped by a strong pick up in production, data from a survey by Markit Economics and HSBC Bank showed Friday.



The manufacturing purchasing managers' index, adjusted for seasonal variations, advanced to 50.2 in October from 49.9 in September. Readings above 50 signal growth, and those below indicate decline.



Brazilian companies raised their production levels in October, amid expectations of better economic conditions and forecasts of stronger client demand. Production growth was the quickest since May.



New business inflows stabilized during the month, following three successive months of contraction. Export orders, however, fell at the fastest pace since July.



Meanwhile, manufacturers reduced their workforce numbers further in October, stretching the current sequence of job shedding to seven months.



Elsewhere, a report released by statistical office IBGE today showed that Brazil's industrial production increased 2 percent year-on-year in September, after falling 1.2 percent in August. Economists had forecast a 3 percent growth for October.



Sequentially, seasonally adjusted industrial production moved up 0.7 percent, after staying flat in August. The monthly growth rate was forecast to be 1.3 percent.





the october production percent growth and brazil months manufacturing

2013-11-1 16:42

Источник: news.instaforex.com

the october → Результатов: 4 / the october - фото


Polish Manufacturing Sector Expands For Fourth Month


Poland's manufacturing sector expanded for the fourth consecutive month in October, helped mainly by strong growth in export orders, survey data released by Markit Economics and HSBC Bank showed Monday.



The seasonally adjusted purchasing managers' index (PMI) for the manufacturing sector rose to 53.4 in October from 53.1 in September. The index increased to the highest level since April 2011, and stayed above the no-change 50 mark for the fourth month in a row.



The upturn was driven primarily by a stronger increase in new orders, with export order growth climbing to a two-and-half year high. Export orders rose for the fifth month running in October.



In line with the rise in new business, manufacturing production rose for the fourth straight month, and at a historically strong rate. Manufacturers raised their workforces for the third consecutive month, in order to handle the increased workload.



Input price inflation faced by Polish goods producers rose to a 16-month high in October as firms reported higher prices for paper and rising tax burdens. Meanwhile, output prices decreased for the eleventh straight month.





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2013-11-04 12:42

U.K. Jobless Claims Drop Unexpectedly, Employment At Record High


U.K. claimant count declined unexpectedly in November and employment reached a record through the three months to October, confounding the weakness in economic activity.



Claimant count dropped by 3,000 month-on-month to 1.58 million in November, the Office for National Statistics said Wednesday. Economists had forecast the figure to rise by 7,000. Claims rose by 6,000 in October, instead of the initially reported 10,100.



At the same time, the claimant count rate held steady at 4.8 percent, as widely expected for November.



Suggesting resilience in the labor market, the number of people out of work declined sharply, while employment increased during the three months ended October.



During the three-month period, there were 2.51 million unemployed people, down 82,000 from May to July, marking the biggest fall since 2001. The jobless rate held at 7.8 percent, matching economists' expectations.



The number of people in work totaled 29.601 million, up 40,000 from the May to July period. The U.K. saw the highest number of people in job since records began in 1971.



According to the Report on Jobs from Recruitment and Employment Confederation and KPMG, permanent placements in the U.K. increased at the fastest pace for 19 months in November. There was also a faster growth in job vacancies due to strong demand from private sector employers.



However, IHS Global Insight's Chief UK economist Howard Archer said there is a real danger that the increase in employment in private sector will not be enough to offset job cuts in the public sector and combat the increasing labor force.



Consequently, Archer said unemployment could trend up gradually to a peak of 2.65 million in late-2013/early-2014, giving an unemployment rate of 8.2 percent.



Moreover, the ONS data showed that total pay including bonus rose only 1.8 percent during three months to October from the corresponding period of last year. At the same time, regular pay, excluding bonuses climbed 1.7 percent.



Consumer price inflation at 2.7 percent in October indicates that real pay fall short to meet rising prices.





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2012-12-12 15:35

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