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Canada manufacturing growth picks up to 8 month high in July TORONTO: The pace of growth in the Canadian manufacturing sector picked up to its best level in eight months in July as gauges of new orders and employment improved, data showed on Friday. The RBC Canadian Manufacturing Purchasing Managers' index (PMI), a measure of manufacturing business conditions, rose to a seasonally adjusted 54.3 last month from 53.5 in June. It was the highest level since last November. A reading above 50 indicates growth in the sector. "Canada's manufacturers kicked off the second half of 2014 on stronger footing, clearly benefiting from improving global economic activity - it's encouraging to see the momentum," said Paul Ferley, assistant chief economist at RBC. "With the US economy pushing ahead, we expect this trend to continue." The forward-looking new orders component rose to 55.2 from 54.1, while the employment measure gained to 53.8 from 52.6. Copyright Reuters, 2014 ...

South Korea inflation at 1.6 percent in July SEOUL: South Korea's inflation rate came in at 1.6 percent in July, as stable food costs kept price rises well below the government's target range, government data showed Friday.The increase in the consumer price index was slightly down on the 1.7 percent rate posted in both May and June.Prices of vegetables fell 15.2 percent from a year earlier, while fruits were down 6.6 percent and livestock 2.2 percent, Statistics Korea said."Consumer price growth slowed as ...
US weekly jobless claims surge WASHINGTON: Initial claims for US unemployment insurance benefits jumped last week after trending low for several weeks, but remained within trend and continued to suggest a tightening labor market.The number of jobless claims, a sign of the pace of layoffs, was still at a low 302,000 for the week to July 26, up 23,000 from the previous period.The four-week moving average showed how the jobs market has improved: it was at 297,250, the lowest level ...
US private sector adds 218,000 jobs in July NEW YORK: US companies hired 218,000 workers in July, below what analysts projected and the level set the previous month, a report by a payrolls processor released on Wednesday showed.Private job gains in June were 281,000, which was the strongest reading since November 2012.Economists surveyed by Reuters had forecast that the ADP National Employment Report would show a gain of 230,000 jobs.The report is jointly developed with Moody's Analytics.Copyright Reuters, 2014 ...
China home prices seen slowing sharply in 2014, flat in 2015 BEIJING: Chinese home prices are likely to rise only by a sliver of 0.5 percent in 2014 as a housing downturn deepens, a Reuters poll showed, though a market collapse is seen to be highly unlikely.The median forecast of 15 analysts showed that market watchers have cut their bets for the once piping-hot sector as sales and prices turned south: Just three months ago, analysts polled had thought home prices will rise 4.3 percent this ...
Sri Lanka July inflation picks up from 28-month low COLOMBO: Sri Lanka's annual inflation rose to 3.6 percent in July, compared with a 28-month low of 2.8 percent in the previous month, the state-run Department of Census and Statistics said on Thursday.Annual average inflation, measured on a 12-month moving basis, fell to a 48-month low of 4.7 percent in July from 4.9 percent a month earlier. It hit a record high of 8.8 percent in May, 2013.Copyright Reuters, 2014 ...
Kenya inflation rises to 7.67pc in year to July NAIROBI: Kenya's inflation crept up to 7.67 percent in the year to July from 7.39 percent in the previous month, the statistics office said on Thursday.The rate was slightly above the central bank's preferred range of 2.5-7.5 percent and also just a touch higher than the consensus forecast of 7.63 percent.Analysts said the rate was likely to come down to about 6.6 percent next month on the back of base effects because there had been ...


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