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Spain manufacturing sector posts more solid growth in December

Spain manufacturing sector posts more solid growth in December

Subsequently, firms raised their average selling prices at the fastest pace since February.

The headline Nikkei Malaysia (PMI) ― a composite single-figure indicator of manufacturing performance ― fell from 52.0 in November to 49.9 in December, signalling a broad stagnation in the goods-producing economy following the strongest growth in over three and-a-half years in the previous month, the report noted.

- Reuters picKUALA LUMPUR, Jan 2 ― Manufacturers ended the 2017 year stagnant as new orders contracted and output growth slowed from modest demand, December data compiled by Nikkei Malaysia Manufacturing Purchasing Managers Index (PMI) showed. This was consistent with the strongest improvement in the health of the sector since December 2012. "Although new order growth eased, firms continued to ramp up production and took on extra staff at a near-record pace, reflecting the success they have had in securing new work over recent months", associate director at IHS Andrew Harker said. "New export orders picked up", Orlik said. Delivery time increased for 11 consecutive months. That said, the level of business confidence remained below the trend observed for the survey history.

Price of gas drops in Hartford County
The weak demand, plus high refinery output should keep gas prices low", said AAA spokesman Mark Jenkins. Nationally, gas prices have gone down over the last month and stayed pretty flat over the last week.

The country's manufacturing PMI has been in positive territory for 17 months in a row despite overall slower expansion this month. "Anecdotal evidence pointed to stronger market demand from home and worldwide markets", said Aashna Dodhia, economist at IHS Markit, which compiles the survey. The official PMI dropped to 51.6 from 51.8 in November, as more companies complained about the impact on their operation from tightened supply of energy and other raw materials and rising costs of transportation.

"Given the strong conditions evident in the manufacturing sector, it is no surprise to see that firms are upbeat about the outlook", Philip O'Sullivan, economist with Investec, said.

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