German factories fired on all cylinders in May with output growing at the strongest pace in more than six years, a survey showed on Thursday, suggesting manufacturing will boost overall growth in Europe’s biggest economy in the second quarter. Markit’s Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about a fifth of the German economy, jumped to… Read More »
British factory activity grew at the fastest rate in more than two years last month, boosted by a surge in export orders after sterling slumped following June’s referendum vote to leave the European Union, a survey showed on Monday. The Markit/CIPS Purchasing Managers’ Index (PMI) for the manufacturing sector reached its highest level since June 2014 in September,… Read More »
Growth in construction of new homes in Britain ebbed to its lowest level in three years in March, according to a survey on Monday that showed the overall expansion in the building trade held at its weakest in nearly a year. The Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) held steady at 54.2 in March, matching February’s 10-month… Read More »
