French manufacturing finishes 2017 on 17-year high - PMI

French manufacturing finishes 2017 on 17-year high - PMI

The manufacturing Purchasing Managers' Index, or PMI, climbed to 55.0 in December from 54.2 in November.

Andrew Harker, associate director at IHS Markit, which compiles the survey, said "The Vietnamese manufacturing sector recorded a welcome return to growth of output in December, supported by a solid and accelerated increase in new orders".

Manufacturing activity has remained above the 50 mark separating growth from contraction since June 2013 when Ireland was approaching the end of a three-year global bailout programme. Output prices also increased at a slower pace, but inflation has now been recorded in 15 successive months.

However, there was a note of caution in the data as growth in new export orders fell to 56.9 in December from a near three-year high of 60.0 a month earlier.

The Caixin survey showed Chinese manufacturers ramped up buying activity at the fastest rate in four months in December to meet higher production needs. Furthermore, the rate of growth quickened to the sharpest since October 2016.

Narendra Modi congratulates Vishwanathan Anad for winning World Chess Championship
There are those unexpected feelings and the most unbelievable feeling of all was to have the title of World Champion again. However, a victory on the first day of the tournament in Riyadh over Peter Leko put Anand in a "good frame of mind".

The latest economic growth rate is a tick lower than the 6.9 percent growth in the previous three-month period.

China's manufacturing sector is expected to continue expanding in 2018 despite the slight decline of an index, said investment bank China International Capital Corporation (CICC).

At the annual Central Economic Work Conference (CEWC) chaired by President Xi Jinping, top policymakers pledged to focus on creating "high quality" growth.

The figure pointed to a marked monthly improvement in the business sector and was the strongest reading since August, the Istanbul Chamber of Industry and IHS Markit said. Concerns over relatively subdued client demand and government policy changes dampened confidence.

However, input costs rose at their fastest pace in nine months, as prices for raw materials rose. The Caixin China General Services Business Activity Index will be published on Thursday.

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