Philippines Manufacturing Sector Accelerates In September - S&P Global

RTTNews | vor 956 Tagen
Philippines Manufacturing Sector Accelerates In September - S&P Global

(RTTNews) - The manufacturing sector in the Philippines continued to expand in September, and at a faster pace, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 52.9.

That's up from 51.2, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

The two largest sub-components of the PMI (output and new orders), rose during the latest survey period. The rates of increase were only moderate, but a welcome change from the preceding two survey periods. According to anecdotal evidence, greater client appetite helped boost factory orders, with firms then scaling up production.

Though Filipino manufacturers saw inflows of new business increase during September, foreign demand for Filipino manufactured goods weakened, thereby extending the current run of contraction to seven months, and suggesting that growth was primarily driven by domestic demand.

read more
Euro Drops Against Majors

Euro Drops Against Majors

The euro weakened against its major counterparts in the New York session on Thursday.
RTTNews | vor 2Std 44 Minuten
Swiss Market Shrugs Off Weak Start, Ends On Firm Note

Swiss Market Shrugs Off Weak Start, Ends On Firm Note

After opening weak and remaining subdued till noon, Swiss stocks found some support and kept edging higher on Thursday, and finally ended the day's session on a firm note. Data showing a strong pace of expansion of the Swiss economy in the first quarter of this year aided sentiment.
RTTNews | vor 4Std 26 Minuten
Major European Markets Recover After Early Setback, Close On Firm Note

Major European Markets Recover After Early Setback, Close On Firm Note

Despite an early struggle, the major European markets turned in fairly steady performance as the session progressed on Thursday to eventually close on a firm note. Easing concerns about tariffs and U.S. inflation, and some encouraging regional economic data helped underpin sentiment.
RTTNews | vor 4Std 44 Minuten
U.S. Business Inventories Inch Up Slightly Less Than Expected In March

U.S. Business Inventories Inch Up Slightly Less Than Expected In March

The Commerce Department released a report on Thursday showing a slight increase by U.S. business inventories in the month of March. The report said business inventories crept up by 0.1 percent in March after rising by 0.2 percent in February. Economists had expected business inventories to rise by another 0.2 percent.
RTTNews | vor 5Std 59 Minuten
TSX Rises For 8th Straight Session, Looks Set To Scale New Peak

TSX Rises For 8th Straight Session, Looks Set To Scale New Peak

The Canadian market is up in positive territory, extending gains to an eighth straight session, as the undertone continues to remain firm amid easing concerns about tariffs, and the recent data showing a smaller than expected increase in U.S. consumer price inflation in the month of April.
RTTNews | vor 6Std 3 Minuten
U.S. Homebuilder Confidence Unexpectedly Slumps In May

U.S. Homebuilder Confidence Unexpectedly Slumps In May

Reflecting growing uncertainties stemming from elevated interest rates, tariff concerns, building material cost uncertainty and the cloudy economic outlook, the National Association of Home Builders released a report on Thursday showing an unexpected slump by U.S. homebuilder confidence in the month of May.
RTTNews | vor 6Std 14 Minuten
U.S. Industrial Production Unexpectedly Flat In April

U.S. Industrial Production Unexpectedly Flat In April

With a rebound by utilities output offset by decreases by manufacturing and mining output, the Federal Reserve released a report on Thursday showing industrial production in the U.S. came in unchanged in the month of April. The Fed said industrial production was unchanged in April after falling by 0.3 percent in March. Economists had expected industrial production to rise by 0.2 percent.
RTTNews | vor 6Std 35 Minuten