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Brazil Growth Improves In Q3

Brazil’s economic growth gained momentum in the third quarter, continuing the growing trend witnessed since the economy exited one of its worst recessions in decades.

Gross domestic product grew 1.4 percent year-on-year, preliminary data from the statistical office IBGE showed Friday. The figure was in line with economists’ expectations.

Second quarter growth was revised to 0.4 percent from 0.2 percent. The economy stagnated in the first three months of the year.

On a quarter-on-quarter basis, GDP edged up 0.1 percent in the third quarter, which was slower than the 0.3 percent expansion economists had predicted.

The second quarter figure was raised to 0.7 percent from 0.3 percent. The economy grew 1.3 percent in the first quarter.

The material has been provided by InstaForex Company – www.instaforex.com

The post Brazil Growth Improves In Q3 appeared first on forexarabicnetwork.com.

Greece Manufacturing Sector Expands Further

Greece’s manufacturing activity expanded for the sixth successive month in November, survey data from IHS Markit showed Friday.

The seasonally adjusted Purchasing Managers’ Index, or PMI, edged up to 52.2 in November from 52.1 in October. Any reading above 50 indicates growth in the sector.

Strong client demand remained the driving force behind the expansion, with the rate of new business growth hitting a 45-month high.

Consequently, firms hired additional workers at one of the fastest rates in the survey’s 18-and-a-half year history.

“These are encouraging signs for the Greek economy which has suffered from both a chronic lack of demand and an exceedingly high rate of unemployment,” Alex Gill, Economist at IHS Markit, said.

Output continued to increase in November, though at a weaker pace.

On the price front, input price inflation eased to a 3-month low in November. The slowdown contributed to a stagnation in average selling prices.

Firms maintained a confident outlook towards their prospects for growth over the coming 12 months.

The material has been provided by InstaForex Company – www.instaforex.com

The post Greece Manufacturing Sector Expands Further appeared first on forexarabicnetwork.com.

Greece Manufacturing Sector Expands Further

Greece’s manufacturing activity expanded for the sixth successive month in November, survey data from IHS Markit showed Friday.

The seasonally adjusted Purchasing Managers’ Index, or PMI, edged up to 52.2 in November from 52.1 in October. Any reading above 50 indicates growth in the sector.

Strong client demand remained the driving force behind the expansion, with the rate of new business growth hitting a 45-month high.

Consequently, firms hired additional workers at one of the fastest rates in the survey’s 18-and-a-half year history.

“These are encouraging signs for the Greek economy which has suffered from both a chronic lack of demand and an exceedingly high rate of unemployment,” Alex Gill, Economist at IHS Markit, said.

Output continued to increase in November, though at a weaker pace.

On the price front, input price inflation eased to a 3-month low in November. The slowdown contributed to a stagnation in average selling prices.

Firms maintained a confident outlook towards their prospects for growth over the coming 12 months.

The material has been provided by InstaForex Company – www.instaforex.com

The post Greece Manufacturing Sector Expands Further appeared first on forexarabicnetwork.com.

UK Manufacturing Activity Expands Most In More Than 4 Years

The UK manufacturing sector expanded at the fastest pace in more than four years in November, data from IHS Markit showed Friday.

The IHS Markit/Chartered Institute of Procurement & Supply Purchasing Managers’ Index rose to 58.2 in November from revised 56.6 in October. This was the highest score since August 2013.

The score was forecast to rise moderately to 56.5 from October’s originally estimated value of 56.3.

On its current course, manufacturing production is rising at a quarterly rate approaching 2 percent, providing a real boost to the pace of broader economic expansion, Rob Dobson, director at IHS Markit, said.

Production expanded at the fastest pace since September 2016. Companies linked this to stronger inflows of new orders, data showed.

At the same time, staffing levels climbed for the sixteenth successive month, with the rate of jobs growth the highest since June 2014.

On the price front, data revealed that output charges continued to rise at a substantial clip, the fastest for seven months and among the highest during the past six-and-a-half years.

The material has been provided by InstaForex Company – www.instaforex.com

The post UK Manufacturing Activity Expands Most In More Than 4 Years appeared first on forexarabicnetwork.com.

UK Manufacturing Activity Expands Most In More Than 4 Years

The UK manufacturing sector expanded at the fastest pace in more than four years in November, data from IHS Markit showed Friday.

The IHS Markit/Chartered Institute of Procurement & Supply Purchasing Managers’ Index rose to 58.2 in November from revised 56.6 in October. This was the highest score since August 2013.

The score was forecast to rise moderately to 56.5 from October’s originally estimated value of 56.3.

On its current course, manufacturing production is rising at a quarterly rate approaching 2 percent, providing a real boost to the pace of broader economic expansion, Rob Dobson, director at IHS Markit, said.

Production expanded at the fastest pace since September 2016. Companies linked this to stronger inflows of new orders, data showed.

At the same time, staffing levels climbed for the sixteenth successive month, with the rate of jobs growth the highest since June 2014.

On the price front, data revealed that output charges continued to rise at a substantial clip, the fastest for seven months and among the highest during the past six-and-a-half years.

The material has been provided by InstaForex Company – www.instaforex.com

The post UK Manufacturing Activity Expands Most In More Than 4 Years appeared first on forexarabicnetwork.com.

Pound Slightly Up After U.K. Manufacturing PMI

At 4:30 am ET Friday, IHS Markit has published UK PMI data. The pound rose slightly against its major opponents after the data.

The pound was trading at 1.3510 against the greenback, 151.82 against the yen, 1.3270 against the franc and 0.8825 against the euro around 4:31 am ET.

The material has been provided by InstaForex Company – www.instaforex.com

The post Pound Slightly Up After U.K. Manufacturing PMI appeared first on forexarabicnetwork.com.

Pound Slightly Up After U.K. Manufacturing PMI

At 4:30 am ET Friday, IHS Markit has published UK PMI data. The pound rose slightly against its major opponents after the data.

The pound was trading at 1.3510 against the greenback, 151.82 against the yen, 1.3270 against the franc and 0.8825 against the euro around 4:31 am ET.

The material has been provided by InstaForex Company – www.instaforex.com

The post Pound Slightly Up After U.K. Manufacturing PMI appeared first on forexarabicnetwork.com.

Euro Advances Ahead Of PMI Reports

At 3:45 am ET Friday, Italy PMI is due. Thereafter, final PMI figures are due from France and Germany, at 3.50 am ET and 3.55 am ET, respectively. At 4.00 am ET, Eurozone final PMI data is due.

Ahead of these reports, the euro climbed against its major rivals.

The euro was worth 1.1935 against the greenback, 134.34 against the yen, 1.1731 against the franc and 0.8822 against the pound as of 3:40 am ET.

The material has been provided by InstaForex Company – www.instaforex.com

The post Euro Advances Ahead Of PMI Reports appeared first on forexarabicnetwork.com.

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