Activity in Russia's manufacturing industry scaled up at its fastest pace in almost seven years in December, according to a business survey.
Tags: Manufacturing
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The Caixin/Markit PMI revealed a slight drop on China's manufacturing sector for November, with a 50.9 index compared to October's 51.2.
Manufactor still remains as one of the strongest sector remained. In the U. S economy, manufacturing continues to be one of the most important bellwethers.
The world's second largest economy showed positive signs as resurgent sales in the real estate sector boosted growth during March. However, China recorded drop in exports and freight segments.
The Institute for Supply Management (ISM) announced on Thursday that service sectors in U.S. is expanding modestly. However, the sectors fared better than manufacturing in February 2016.
German industrial production went down 1.1 percent month-on-month for the third quarter. According to Bloomberg Business, Berlin Economy Ministry reported the decline Friday, while economists expected a 0.5 percent increase. Germany has been struggling with the Chinese economic slowdown. The country is also grappling with the economic slowdown in other emerging countries where it exports most of its products.
Japan's Purchasing Managers Index (PMI) has reached it's strongest in a year, with a seasonally adjusted reading of 52.4 for the month of October, as conducted by a business survey from Nikkei last Monday.
Indicating the prolonged sluggishness in the economy, China's factory activity dropped further again in October.
However, the marginal recovery in export orders has slowed down the drop in the manufacturing production. The PMI edged up in the previous month.
UK's performance in the third quarter further slowed down. The gross domestic product (GDP) growth rate in July-September quarter was at 0.6 percent lower than 0.7 percent in the previous quarter.
The Chinese manufacturing sector registered its worst performance in the past 78 months. The measure of sentiment among purchasing managers, Preliminary Caixin China manufacturing index (PMI) dropped to 47 in September from 47.3 in August.
