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IHS Markit

US yields trade flat after strong May manufacturing data
Markets

US yields trade flat after strong May manufacturing data

  • "Does this (report) fall into 'maybe inflation is not going to be as transitory as the Fed thinks?' I would say 'Yes,'" Flanagan said.
  • The yield on 10-year Treasury notes was unchanged at 1.634%, well off a more than one-year high of 1.776% reached in late March.
Published 21 May, 2021 09:15pm
US manufacturing activity powers ahead in early May; work backlogs rising: survey
World

US manufacturing activity powers ahead in early May; work backlogs rising: survey

  • According to IHS Markit "manufacturers highlighted that strain on capacity and raw material shortages are expected to last through 2021." It noted that the supply crunch was raising production costs for manufacturers, who "made efforts to pass higher cost burdens on to clients."
  • The survey said its measure of new orders increased and that though factories tried to recruit more workers, the pace of hiring was the slowest in five months.
Published 21 May, 2021 07:03pm
New global solar PV installations to increase 27pc to record 181 GW this year
Markets

New global solar PV installations to increase 27pc to record 181 GW this year

  • Even though prices for solar PV modules are higher than last year, along with long delivery times and rising freight costs, demand should grow in the second half of this year.
  • "In 2021, the strong growth is mostly coming from the top three markets - China, US and India," Edurne Zoco, executive director, clean energy technology at IHS Markit, told Reuters.
Published 29 Mar, 2021 08:48pm
US factory activity slows in February but supply bottlenecks push up prices
World

US factory activity slows in February but supply bottlenecks push up prices

  • The data was in line with economists' forecasts, with a reading above 50 indicating growth in manufacturing, which accounts for 11.9% of the US economy.
  • The supply chain bottlenecks, which are widespread across the manufacturing sector as well as the services industry, have led to higher prices for inputs, including raw materials.
Published 19 Feb, 2021 09:05pm