Trading news

China's manufacturing expands above estimations

China

China's manufacturing activity expanded at the fastest rhythm in August, within a period of two years, amid the construction industry having boomed and the economy responding to government spending.

China's manufacturing activity improves

The above positive reading may boost the view that China could improve both short-term and long-term expectations, thus not being in a hurry to cut interest rates or reserves.

Furthermore, the official PMI climbed for the month of August to 50.4 and was above July's 49.9 reading.

Spain

Spain's manufacturing PMI stabilized at 51.0. The economists estimated the PMI to drop to 50.9.

France

The French manufacturing PMI dropped from 48.5 to 48.3. The analysts predicted stabilization at 48.5.

Germany

Germany's manufacturing PMI stabilized at 53.6 and matched the analysts' predictions.

Norway

Norway's retail sales declined to -0.6%. The analysts predicted the indicator to appreciate 0.3%.

Euro zone

Euro zone's manufacturing PMI dropped from 51.8 to 51.7. The analysts predicted stability at 51.8.

Read More

Thursday, 01 Sep, 2016 / 8:39

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://www.argusfx.com/en/research-education/market-analysis/news/china-s-manufacturing-expands-above-estimations

Trading news

 

2020 Olympics & The Japanese Economy

With the 2020 Olympics kicking off after a year-long delay, just how much of a [...]

Posted on Friday, 23 Jul, 2021 / 1:30 under

Fed, Inflation, And The Housing Bubble

Yesterday, the US’ second-largest homebuilder, D.R. Horton, announced [...]

Posted on Friday, 23 Jul, 2021 / 1:28 under

Stormy week ends with US stocks at record highs

  Nasdaq 100 closes at new record as investors warm up to tech [...]

Posted on Friday, 23 Jul, 2021 / 9:25 under