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US private sector employment increased more than expected

Private sector employment increased by 250,000 jobs from November to December according to the December ADP National Employment Report. “We’ve seen yet another month where the labor market has shown no signs of slowing,” said Ahu Yildirmaz, vice president and…

UK business activity growth picks up, but strong cost pressures persist

December data indicated that business activity growth picked up across the UK service sector, but the latest survey also found softer rises in new work and employment numbers at the end of 2017. At the same time, service providers indicated…

China Services PMI at the highest level since August 2014

The Caixin China General Services Business Activity Index rose 2.0 points from the previous month to 53.9 in December, the highest level since August 2014. The expansion in new business picked up for the second consecutive month. Prices charged increased…

Fed policymakers see future rate rises guided by inflation, fiscal stimulus

U.S. Federal Reserve policymakers showed worry over the fate of currently low inflation and saw recent tax changes as providing a boost to consumer spending, according to the minutes of the U.S. central bank's last policy meeting on Dec. 12-13…

ISM Manufacturing PMI increased to 59.7

The December PMI registered 59.7 percent, an increase of 1.5 percentage points from the November reading of 58.2 percent. The New Orders Index registered 69.4 percent, an increase of 5.4 percentage points from the November reading of 64 percent. The…

UK Construction PMI down to 52.2

UK construction companies indicated an uneven recovery in business activity at the end of 2017. A robust rise in residential building contrasted with falling work on commercial projects and stagnating civil engineering output. There were positive signals for the near-term…

German Unemployment at a record low of 5.5%

Germany's unemployment rate held steady at a record low, bolstering optimism over the health of the euro zone's largest economy, official data showed on Wednesday. In a report, Germany's Federal Statistics Office said its jobless rate clocked in at a…

US Manufacturing PMI up to 55.1

December data indicated a marked improvement in US manufacturing operating conditions. The latest upturn was supported by faster increases in output and new orders, amid reports of greater client demand. In line with stronger production growth, employment rose further and…

UK manufacturing sector growth remains solid at end of 2017

The UK manufacturing sector ended 2017 on a positive note. Although December saw rates of expansion in output, new orders and employment slow from November’s highs, growth in all three remained solid and well above long-run trends. The seasonally adjusted…

Spanish manufacturing sector grows strongly at end of 2017

December data pointed to another strong performance by the Spanish manufacturing sector at the end of 2017. Production rose sharply on the back of a solid increase in new orders. In order to support output growth, firms continued to raise…

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