German factory growth hits record high in December: PMI

German factory growth hits record high in December: PMI

The 50-mark divides expansion from contraction on a monthly basis.

While there is some variation in the forecast, analysts said the country's GDP growth may register up to 6.9 percent for 2017.

The pickup in December's manufacturing PMI came on the back of strong demand both at home and overseas.

But the PMI also showed manufacturers added staff at the slowest pace in six months, adding to signs that job creation, a highlight of Britain's economy in recent years, is now slowing.

Andrew Harker, associate director at IHS Markit, which compiles the survey, said "The Vietnamese manufacturing sector recorded a welcome return to growth of output in December, supported by a solid and accelerated increase in new orders".

"However, the level of business sentiment eased from November's 47-month high and remainedweaker than the series average", it said in a note today.

Weah elected as new Liberian leader
This is Liberia's first peaceful transfer of power from one democratically elected head of state to another in more than 70 years. The former FIFA World Player of the Year played with AS Monaco and Paris Saint-Germain, among others.

Ai Group chief executive Innes Willox said the expansion added momentum to a year marked by higher energy prices and the shutdown of Holden and Toyota auto production in Australia.

Among components, output, new orders and employment all recorded historically marked growth in December.

Singapore on Tuesday posted slower economic growth in the fourth quarter than the third as manufacturing shrank 11.5 percent following an eye-popping 38 percent jump in the previous three months.

"Overall, 2017's economic performance continues to be steady and good, establishing a generally good foundation for 2018", the federation said. They also reiterated the government's top policy priorities for the next three years, which include curbing risks, especially financial risks, as well as reducing poverty and pollution. 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.

France's factory PMI rose to 58.8 in December from 57.7 in November.

The Caixin PMI focuses more on light industry, while heavy industry makes up a larger share of the NBS survey. The Caixin China General Services Business Activity Index will be published on Thursday.

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