China factory activity held steady in May, index shows

Reuters

The Markit/CIPS construction purchasing managers' index rose to 56 from 53.1, its highest level since December 2015. The positive figure means the bloc's economy is enjoying a stable and broad-based recovery, which will be welcomed by policymakers at the European Central Bank.

Tim Moore, Senior Economist at IHS Markit and author of the Markit/CIPS Construction PMI, said: "May's survey data reveals that the United Kingdom construction sector has started to recover strongly from its slow start to 2017".

Manufacturing posted its fastest growth in nearly two years in May as employment surged, a survey showed today. "Last month we outlined our belief that the outlook for Irish manufacturing firms remains positive, supported by the improving global backdrop", Mr O'Sullivan said. The rate of inflation had softened to the slowest in eight months.

The index remained above the 50 threshold that separates expansion from contraction for the ninth consecutive month. Incoming new work rose at the weakest pace since February, with slowdowns evident in the consumer and intermediate goods categories, while capital goods producers recorded a contraction in order books. Furthermore, growth in new order books was also the slowest seen since the current upturn began in July 2016.

More news: Contractor charged with leaking NSA info on Russian hacking
More news: Fitbit (FIT) Given Daily News Impact Score of 0.21
More news: Shootout at Texas vehicle dealership leaves 3 dead

Increased workloads encouraged greater staff recruitment and a marked expansion of input buying across the construction sector.

There were still signs that the Brexit blow to the pound was ramping up manufacturers' costs in May, but the pace of price rises eased off recent highs.

The May result was slightly lower than a preliminary reading of 54.0 but remained comfortably above the 50-point line. The report also recorded solid performances in the civil engineering and commercial building sub-sectors, while output in commercial development rose at the fastest pace since March previous year, even though it remained the weakest performing sector. It reached 58.3, its highest in more than six years high, up from April's 57.9.

Related News:

  • Phil Mickelson to miss US Open to attend daughter's graduation

    Phil Mickelson to miss US Open to attend daughter's graduation

    Phil Mickelson has announced that he will miss this year's US Open to attend his daughter's High School graduation. However, the American said he would have left wherever he was on the scoreboard had his wife Amy gone into labour.
    U.S.  and Japan stage military exercises in Sea of Japan

    U.S. and Japan stage military exercises in Sea of Japan

    The post United States carriers in Sea of Japan in show of force to North Korea appeared first on The Independent Uganda :. In total, about 300 Tomahawks have their sights trained on North Korea's nuclear test sites and underground facilities.
    Trump heads to Israel in possible first arrival from Saudi

    Trump heads to Israel in possible first arrival from Saudi

    He travels on to Brussels in the afternoon before flying back to Italy late Thursday for a G7 summit on Friday and Saturday. Although Trump was the not the first president to visit the Western Wall , he was the first sitting president to do so.
  • New Smart Speaker Expected as Apple Kicks Off Worldwide Developers Conference

    It's the first time in 15 years that Apple has held its conference in San Jose, the heart of Silicon Valley. Apple said that makes the Mac a great platform for development virtual-reality "experiences".
    Spicer Referring Questions about Russia Investigation to Trump's Lawyer

    Spicer Referring Questions about Russia Investigation to Trump's Lawyer

    If administration officials are to be believed, the list of people who can be inducted includes Trump's former campaign manager. A senior administration official said Kushner was keeping his head down and focusing on work after the foreign trip.

    Philippine airstrike kills 11 soldiers in 'friendly fire'

    Twenty-one members of the security forces had also died, Padilla said, bringing the combined death toll to 129. Eduardo Ano ordered an investigation.
  • U.S. intelligence chiefs deny White House pressure to ease Federal Bureau of Investigation probe

    Coats did not offer any details, but said, "Just because it's in The Washington Post doesn't mean it's declassified". Coats will be asked about the meeting during testimony to the Senate Intelligence Committee early Wednesday.

    Apple's HomePod speaker pumps up the volume on tech rivals

    According to an announcement made during the company's flagship software WWDC keynote, the app will be called Files. Both speakers can respond to voice requests for the news, weather and tasks such as turning on the lights.

    Car runs into London Bridge pedestrians; multiple injuries

    London's transport authority said London Bridge rail station had been closed at the request of the police. Nick Brandon of British Transport Police said the force had received reports of "multiple" casualties.
  • Apple introduces power-packed iOS 11, wireless home speaker

    The company also launched a new configuration of the 13-inch MacBook Pro without a Touch Bar that starts at a cheaper $1,299. The company said its App Store has so far paid out $70 billion to developers, of which 30 percent was made previous year .

    Vladimir Putin ridicules claims of Russian meddling in United States presidential vote

    Petersburg International Economic Forum, and was scheduled to conduct a sit-down interview with him later in the day. He's paid for holding meetings, discussing current affairs. "There were no agreements".
    Second round of storms possible Thursday in MA

    Second round of storms possible Thursday in MA

    Temperatures throughout Wednesday are expected to reach into the high 80s during the day and fall to the mid 60s in the evening. Friday, expect mostly sunny skies and a high near 84, the weather service said, with a south wind of 6 to 10 miles per hour .


Most liked

Yahoo! Shareholders Approve Sale to Verizon
Late previous year , AOL announced 500 jobs cuts and said they were unrelated to the impending Yahoo merger. Oath is expected to be Verizon's new company overseeing Yahoo and AOL, including more than 20 brands.

London attack: More detentions in hunt for accomplices
During a police raid on Sunday at an apartment owned by one of attackers, 12 people were arrested in connection with the murders. Her remarks came soon after the London Bridge attack that shook United Kingdom on Saturday night.

SpaceX Gears Up For CRS-11 Launch Tomorrow
NanoRacks provides the equipment at low-costs to support experiments from students at middle and high schools around the country. That missing 30 percent was due to some anvil and cumulus clouds in the forecast for that time of the day, NASA said.

Summer Reading Program registration underway
Regular meeting time throughout the summer will be from 2 p.m.to 2:45 p.m. each Wednesday from June 7 through August 9. Registration for the summer programs began this week and will be available until Sat., July 1.

Endangered gorilla gives birth to smiling baby after doctors helped hard labour
There have been several successful cesarean section deliveries for gorillas at the zoo, but this assisted delivery is uncommon. The International Union for Conservation of Nature lists western lowland gorillas as critically endangered in the wild.

Trump sons defend his criticism of London mayor
Khan knows that Trump's tweets have partially served to reinforce the preexisting conflict between the two men. Asked if Trump was attacking the mayor because he is Muslim, Sanders replied: "Not at all".

Apple debuts HomePod speaker to bring Siri into the living room
There were, in this party, what you might called a pair of unwilling guests: an Amazon Echo and Sonos Play:3 . In my brief experience with HomePod (basically five songs across four genres), I heard some very good audio.

AMD releases 'Radeon Pro 500' Series graphics for iMac
The iMac now comes with Thunderbolt 3 ports, and the entry-level 21.5-inch model now has a Retina 4K display. The iMac Pro will be available with an 8-core, 10-core or 16-core processor and Radeon Vega graphics.

Corbyn challenges Theresa May over 'dementia tax'
In another key exchange, Mrs May said she didn't know whether North Korea receives funding from the UK's foreign aid budget. He said it was a "shame" that May refused to debate head-to-head with him before the election.

Legal experts to Trump on travel ban: Put down the Twitter
Trump's tweets made no mention of his own role in signing the new order and suggested he hoped to enact a tougher policy. The order however was widely criticised, including by human rights activists and U.S. states led by Democrats.

Nebraska Girl Banned From Soccer Tournament Because She "Looks Like A Boy"
Mili's family claims they went so far as to show her insurance card to tournament organizers - proving Mili is indeed a girl. Reports emerged on Monday that an 8-year-old girl in Nebraska was caught in the crossfire at a local youth tournament.

Catfish watch is on for Game 2 of Cup Final
The Penguins jumped out to an early lead with their assistant captain Evgeni Malkin tallying the first goal of the game. Just not in the stretch of 3 1/2 minutes that mattered during their 4-1 win in Game 2 of the Stanley Cup Final.

Why the SEC passed the Malik Zaire rule
Friday's vote reduced the ban from three years to one, a proposal by the athletic directors at SEC spring meetings in Destin, Fla. That means MI could face the former Notre Dame quarterback in its September 2 season opener in Arlington.

Kirsten Dunst slams Spider-Man reboot
In this new clip, Peter Parker has yet to acquire his main Spider-Man suit as he is forced to fight in his budget homemade suit. Are the Tobey Maguire Spider-Man films the best? That led to a rather unfortunate incident where, 'I got punched in the face.

White House communications director Mike Dubke resigns
Dubke was not part of the team that traveled overseas with President Donald Trump , and as of Tuesday is still on the job. The idea that Trump suddenly cares about making "people feel special" also seemingly came out of nowhere, she wrote.