Flash floods, landslides kill 8 in northern Vietnam, 3 missing    Saudi Arabia approves new Medical Referral Center with 15 key responsibilities    Saudi Arabia produces over 122,000 tons of high-quality local grapes during peak summer season    Saudi Arabia detains over 22,000 residency, labor, and border violators in one week    Hamas says it will not disarm without fully sovereign Palestinian state    Canada rejects claims of ongoing arms exports to Israel    Israeli strikes kill at least 18 in Gaza as aid seekers face deadly fire    HR ministry proposes strict rules for advertising domestic labor services    Saudi Gazette publishes full text of new foreign property ownership law The law grants non-Saudis broader real estate rights under defined conditions while imposing restrictions in Makkah and Madinah    Saudi anti-graft authority investigates 425 employees, detains 142 in July corruption cases    Saudi Arabia's real GDP grows 3.9% in Q2 2025 on broad-based economic expansion    Sotheby's returns Buddha jewels to India after uproar    Riyadh Film Music Festival returns with live orchestral performances of iconic movie scores    Saudi, Russian energy ministers discuss oil market and joint committee plans    Nissan Formula E Team celebrates a landmark season 11 with proud Saudi sponsor Electromin    Fahad bin Nafel steps down as Al Hilal president after historic six-year run    João Félix unveiled by Al Nassr as €50m move marks bold new chapter in Riyadh    Saudi Arabia approves first Alzheimer's treatment with lecanemab for early-stage patients    Chris Tucker, Pete Davidson and Aziz Ansari among stars set for Riyadh Comedy Festival    Al Nassr beat Benfica to €50m João Félix signing after Ronaldo, Jesus intervene    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Global factory output gathers steam: Surveys
Published in The Saudi Gazette on 05 - 01 - 2010

Chinese manufacturing activity expanded at the fastest rate on record in December and the recovery among European manufacturers, led by Britain, gathered pace, according to key surveys on Monday.
Major economies have been mired in a deep global recession but stimulus-fuelled economies in Asia, notably China, have been recovering rapidly since around the middle of last year, leading the worldwide rebound from the global crisis.
In China, the HSBC Purchasing Managers' Index rose to 56.1 from 55.7 a month earlier to reach its highest level since the survey began in April 2004. Data due from the United States at 1500 GMT are also expected to show a pick up in activity there.
The CIPS/Markit PMI for the UK, still stuck in recession, hit a 25-month high of 54.1 last month, smashing forecasts for a rise to 52.0, while the 16-nation euro zone saw output expand at its fastest pace in 27 months.
Euro zone growth was boosted by activity in Germany, the bloc's biggest economy, which expanded at its fastest pace since May 2008, while activity in France and Italy also ticked up from November, underlining the region's escape from a deep recession.
A reading above 50 indicates manufacturing activity is expanding, while a level below 50 suggests contraction.
The euro zone broke out of recession in the third quarter of last year, although how sustainable the recovery is remains in doubt given still falling investment and high unemployment.
Manufacturing activity hit a seven-month peak in India last month and it also rose in South Korea, where factories added the most jobs in nearly two years, PMIs showed on Monday.
Growth in Japan's manufacturing activity picked up for the first time in three months in December and upbeat export orders from China are likely to continue lifting production, a Nomura/JMMA survey showed last week.
By contrast, Russia's PMI fell to 48.8, the lowest in five months, from 49.1 in November.


Clic here to read the story from its source.