Greece Manufacturing Growth Slows For Second Month

He added that "price data suggests that inflationary pressures, which stem from U.S. dollar strength, subsided slightly as input cost inflation softened from one month earlier and now settled below the historical average".

The Nikkei Malaysia Manufacturing Purchasing Managers' Index (PMI) fell to 48.6 in April from 49.5 in March, an IHS Markit survey showed.

United Kingdom manufacturing growth slowed to a 17-month low in April, raising further doubts about the prospect of a Bank of England rate hike.

The final PMI rose marginally to 53.8 from March's 12-month low of 53.7. Problematically, the rate of contraction quickened the fastest in just over a year.

The survey revealed that residential work was by far the best performing category last month, with the rate of growth reaching its strongest since May 2017.

The Pound US Dollar (GBP/USD) exchange rate crashed around 1% on Tuesday, with the pairing striking a new three-month low as the release of a robust US manufacturing PMI accentuated the pairing's losses.

In keeping with the favourable demand environment, Japanese manufacturers bolstered production line capabilities by recruiting additional staff during April.

Greater workloads also encouraged firms to increase input buying during April. Since then, supply constraints - including raw material scarcities, supplier delivery delays and skill shortages - have constrained production. As a result, pre-production inventories grew slightly in April.

However, even with the modest increase, the PMI still remains below the levels seen late past year and in early 2018. Meanwhile, business sentiment toward the year-ahead output outlook remained strong in the midst of a sustained rise in new orders.

In its latest manufacturing report, IHS Markit also said business optimism dipped to a five-month low and April also saw growth of new export business slow to a ten-month low.

"The construction sector's difficulties in recent months has clearly been influenced by economic, political and Brexit uncertainties fuelling clients' caution over committing to new projects", said Howard Archer, chief economic advisor at EY ITEM Club. But the same survey showed a sub-index on export orders shrinking for the first time since November 2016.

Related news:

Hot News

isis-killer-beheading-video-story-top Brexit: The government's customs options
May 03, 2018 - 16:01
Asked if the United Kingdom commitment to no infrastructure would exclude cameras, Mr Davis repeated: "At the border". Whether we can do that by June I'm not at all sure.

isis-killer-beheading-video-story-top Supreme Court Collegium Puts Off Decision on Justice KM Joseph's Recommendation
May 03, 2018 - 15:56
In a statement, the apex court said it took note of the letters it received from the Centre on 26 and 30 April . Last week, the Centre had refused to accept the decision of the collegium to elevate Justice Joseph.

isis-killer-beheading-video-story-top Strong tornadoes possible in central U.S. ; warmup arrives on East Coast
May 02, 2018 - 01:51
With the warmth building during the midweek, it will suddenly feel like summertime in the Northeast by Thursday and Friday. Another round of severe weather is possible for Wednesday, but the threat becomes more widespread across northeast Kansas.

isis-killer-beheading-video-story-top Ruling party 'will not block' protest leader as Armenian PM
May 02, 2018 - 01:49
Pashinyan, a former journalist turned lawmaker, has said parliament must elect him prime minister on May 1. If that doesn't happen, a a second attempt will be made a week later.

isis-killer-beheading-video-story-top How Kate Middleton pronounces her son Prince Louis' name
May 02, 2018 - 01:48
The 36-year-old Middleton has two siblings, so she's used to a big family and might be trying to recreate that same dynamic. On April 23 the family of Kate Middleton and Prince William was a joyful event - they became parents for the third time.

isis-killer-beheading-video-story-top Sao Paulo tower building catches fire, collapses
May 02, 2018 - 01:39
That blaze was brought under control relatively quickly, Sao Paulo Fire Brigade Lieutenant André Elias told Globo TV. More than 150 firefighters are battling the blaze which is thought to have been caused by a gas explosion.

isis-killer-beheading-video-story-top Amazon to employ 3000 people at new Vancouver facility
May 02, 2018 - 01:39
Dougherty says the current structure's architectural features will be preserved, and the tower is expected to open in 2022. Amazon has announced it will expand its Vancouver tech hub with a new office that will bring 3,000 new jobs to the city.

isis-killer-beheading-video-story-top Imam Khamenei: US Aware of Consequences of Military Action against Iran
May 02, 2018 - 01:36
Pompeo said on Sunday that the United States was deeply concerned by Iran's "destabilizing and malign activities" in the Middle East.

isis-killer-beheading-video-story-top Bill Cosby's Accuser Says It's "Time For Him To Suffer" In Prison
May 01, 2018 - 09:30
Harrison Snyder , in an interview aired Monday on ABC's "Good Morning America," said that it "wasn't an open and shut case". Until he is sentenced, Judge Steven O'Neill ruled the 80-year-old comedian will be on house arrest with an ankle bracelet.

Upcoming iPhone looks more like Android clone than iPhone X
May 01, 2018 - 09:28
And it looks like the entry-level iPhone X2 will drop the 3D Touch feature to minimize the cost of display manufacturing. However, the new iPhone will not receive the support of face recognition technology and 3D touch technology.

isis-killer-beheading-video-story-top Federal agency OKs funds for Arizona wildfire
May 01, 2018 - 09:28
The Coconino National Forest tweeted that winds were blowing very hard east-southeast with gusts up to 30 miles per hour . KNAU's Ryan Heinsius reports, fire officials say there isn't yet any containment of the blaze.

isis-killer-beheading-video-story-top Ashley Judd Sues Harvey Weinstein, Saying He Harmed Her Career
May 01, 2018 - 09:28
Weinstein's reps issued a statement which read, "The most basic investigation of the facts will reveal that Mr. She said that after she rebuffed his sexual advances, he retaliated against her by damaging her career.

isis-killer-beheading-video-story-top Mueller Wants To Question Trump On Comey, Flynn And Obstruction
May 01, 2018 - 09:24
Sessions, including the attorney general's decision to recuse himself from the Russian Federation investigation and whether Mr. Trump fired Flynn in February 2017 after he lied to Vice President Pence about his sanction talks with the Russian government.

isis-killer-beheading-video-story-top UEFA charges Bayern for 2 fan incidents at Real Madrid game
May 01, 2018 - 09:21
The winger and his Bayern team-mates fly to Madrid on Monday vowing to upset the odds. In 12 of them, the stronger was the real world, even in the 11-year - Bavaria .

isis-killer-beheading-video-story-top Trump campaign reportedly spent over $225K on Cohen's legal fees
May 01, 2018 - 09:14
Clifford of committing a crime under NY law, as well as the law of numerous other states, in that it effectively states that Ms. Clifford falsely accused an individual of committing a crime against her when no such crime occurred", the lawsuit states.