Global Media

Poland Manufacturing Growth At 34-Month High

Poland Manufacturing Growth At 34-Month High”

Data compiler IHS Markit said its final purchasing managers' index rose to 58.8 in December from 57.7 in November, hitting the highest level since September 2000. The result was the highest since August.

The index is based on a 100-point index on which the 50 mark divides expansion from contraction.

"Manufacturing operating conditions improved in December, reinforcing the notion that economic growth has stabilized in 2017 and has even performed better than expected", said Zhong Zhengsheng, director of macroeconomic analysis at CEBM Group, a subsidiary of Caixin Insight Group.

Demand from North American customers was particularly strong during December, the report found. Output prices also increased at a slower pace, but inflation has now been recorded in 15 successive months.

More news: Airtel offers RC 93 to rival with Jio RC 98
More news: CHP officer killed as patrol auto hit by drunken driver
More news: Alvaro Morata Was Booked For A Ridiculous Reason Against Bournemouth

The World Bank last month raised its projection for China's gross domestic product (GDP) previous year to 6.8%, up from its October estimate of 6.7%, citing support from strong exports and robust domestic household consumption.

Sub-indices for production and new orders came in at 54 and 53.4, respectively, down from 54.3 and 53.6 last month, but well above the boom-bust line of 50. The modest increase in output in December followed broadly unchanged production volumes in November. Furthermore, the rate of growth quickened to the sharpest since October 2016.

"Overall, 2017's economic performance continues to be steady and good, establishing a generally good foundation for 2018", the federation said. December's business optimism improved to a nine-month high. Concerns over relatively subdued client demand and government policy changes dampened confidence. Compared with the official gauge's coverage of firms including large state-owned companies, the Caixin PMI tends to track small, private manufacturers more closely. This was consistent with the strongest improvement in the health of the sector since December 2012.

Like this


30 December 2017
Ukraine crisis: Prisoner exchange begins
The largest prior prisoner exchange was in 2014, when the conflict between authorities Kiev and anti-government separatists began. Ukraine and its Western allies have accused Russian Federation of sending troops and weapons across the border.

30 December 2017
Mark Hamill pays tribute to Carrie Fisher: 'No one's ever really gone'
Camera IconCarrie Fisher with her beloved dog, Gary, who makes an appearance in Mark Hamill's tribute to the late star. Star Wars: The Last Jedi is now playing in theaters.

30 December 2017
When will Doug Jones be sworn in to the US Senate?
As he launched his campaign, he said he saw an opening for a rare Democratic win against Moore, a polarizing figure in the state. He also said he completed a lie detector test after the election that he argued proved the allegations against him were false.

29 December 2017
NY police investigate four possible murders in apartment upstate
When they arrived just before 1 p.m., they found the bodies of four people, all confirmed dead on the scene. A 5-year-old girl, 11-year-old boy, 22-year-old woman and 36-year-old woman were killed, Tedesco said.

29 December 2017
China's Geely buys stake in Swedish truck maker Volvo from Cevian
Christer Gardell, co-founder of Cevian, said: "Today's announcement concludes over 11 years ownership in AB Volvo by Cevian". This June, Geely bought a 49.9% stake in Malaysia's Proton Holdings, as well as a 51% stake in British automaker Lotus.

24 December 2017
OH unemployment rate drops in November
Payroll Survey Estimates - The preliminary nonfarm payroll jobs estimate was up 2,100 from one year ago to 619,200 for November. Many employers say it is hard to find people to fill their open jobs, and so are holding tightly onto their existing staffs.

23 December 2017
Elderly couple said 60 pounds of pot was for Christmas presents
They were simply spreading holiday cheer, they told authorities. "They said the marijuana was for Christmas presents ", Lt. Patrick admitted to having cannabis in the truck and consented to a vehicle search, the sheriff's department said.

22 December 2017
Bitcoin Cash: Scandal erupts as Coinbase investigates claims of insider trading
Trading resumed at $4,329 Wednesday morning, quickly correcting closer to other BCH exchanges in the $3,300-$3,500 range. Users who had Bitcoin in Coinbase at the moment of the fork will now see their Bitcoin Cash in their Coinbase account .

21 December 2017
First snow, then cold for Christmas
TONIGHT: Cloudy skies and a few spotty rain showers are possible tonight , with a chilly overnight low temperature of 40 degrees. Showers are around for the early part of the day then again during the afternoon when a cold front is tracking through the area.

21 December 2017
Sarah Palin's son again arrested on domestic violence charges
Sarah Palin attacked his father over the weekend while "freaking out" after taking an unknown medication, it was reported Monday. Palin allegedly punched her in the face, kicked her, and threatened to kill himself with his semi-automatic rifle.