Japans manufacturing index on a 3 month high, PMI
The Dollar Business Bureau Japan has secured new orders, prompting a 3 month manufacturing high in May supported by stronger increases in output, a survey reported. This is a clear sign that its economy is gaining in momentum in the second quarter of 2017. Japan Manufacturing Purchasing Managers Index rose to 53.1 in May stronger than the readings 52.0 and 52.7 recorded in April. This was the highest level recorded since February the survey said. Improvement in operating conditions has been linked to accelerated rises in both manufacturing output and new orders. This has prompted Japanese companies to increase hiring since production increased for the tenth consecutive month. Companies are reported to have said, that growth was supported by a demand both domestically as well ...
Indian economy set to perform strongly, but challenges remain
The Dollar Business Bureau While India’s economic outlook remains fairly stable, recent revisions to the national accounts methodology and the revised historical data are lifting the forecast, says FocusEconomics, a Barcelona (Spain) - based research firm in its ‘Consensus Forecast’ on India. The firm’s panellists raised their projections by 0.6 percentage points in March 2015. The panel now expects GDP to increase 7.1% in FY 2015-2016. For FY 2016-2017, the panel sees the economy expanding 7.6%. The report added, India’s external sector showed that the trade deficit totalled USD 6.8 billion in February, which was below the USD 8.3 billion shortfall observed in the same month last year. February’s result represents the lowest deficit in 17 months. In the 12 ...
