LONDON, Jan 23- The euro zone economy began 2015 in better shape than expected but firms were forced to slash prices, surveys showed on Friday, a day after the European Central Bank announced a money-printing plan in a bid to revive inflation. Markit's Eurozone Composite Flash Purchasing Managers' Index, based on surveys of thousands of companies and seen as a good...» Read More
BEIJING, Aug 3- Growth in China's services sector slowed in July, with the official purchasing managers' index for the industry dipping to 54.2, government data showed on Sunday. That compares with a reading of 55 in June, according to the National Bureau of Statistics.
The Markit/ CIPS UK Manufacturing Purchasing Managers' Index fell to 55.4 from 57.2 in June- its lowest level since July 2013 and well below the lowest forecast in a Reuters poll. Markit said growth was strong by historical standards and the slowdown was in line with the Bank of England's view that Britain's strong recovery will slow a touch in coming months.
Markit's final July manufacturing PMI came in at 51.8, matching June's reading but below an earlier flash estimate of 51.9. While manufacturing growth picked up in Germany, Europe's biggest economy, the French PMI fell to a seven-month low and there was a renewed downturn in Greece alongside slowing growth in Spain and Italy.
China Overseas Grand Oceans tumbles on disappointing H1 results. HONG KONG, Aug 1- Hong Kong shares fell on Friday as a month-end swoon on Wall Street hurt sentiment, while China markets eked out slim gains on signs of a pick-up in manufacturing activity on the mainland. The China Enterprises Index of the top Chinese listings in Hong Kong fell 0.9 percent.
A separate PMI published by HSBC/ Markit also rose to 51.7, its best performance in 18 months. Now that looser monetary policy is having its intended effect, some analysts questioned the need for more economic stimulus in China, at least in the near term.
The HSBC/ Markit China manufacturing Purchasing Managers' Index climbed to 51.7 last month, up from June's 50.7 but slightly below a preliminary reading of 52.. Growth in new export orders accelerated at the second-fastest pace in 44 months, HSBC/ Markit said.
BEIJING, Aug 1- China's vast factory sector posted its strongest growth in 18 months in July as new orders surged to multi-month highs, a private survey showed on Friday, adding to signs the economy is regaining momentum after a flurry of government stimulus measures.
*July official PMI at 51.7, highest since April 2012. BEIJING, Aug 1- Activity in China's vast factory sector expanded at the fastest pace in 27 months in July on stronger demand, a government survey showed, adding to evidence that the economy is regaining momentum after a burst of government stimulus measures.
CHINA JULY OFFICIAL PMI RISES TO 51.7 FROM 51 IN JUNE@. BEIJING, Aug 1- Activity in China's factory sector quickened to a 27- month high in July, a government survey showed on Friday, adding to signs that the economy is regaining momentum after a bust of government stimulus measures.
SEOUL, Aug 1- South Korea's manufacturing activity shrank for a third consecutive month in July but the pace eased from June, a private-sector survey showed on Friday, as the export-reliant economy continued to struggle to regain momentum.
*Chicago PMI posts biggest monthly drop since October 2008. The Institute for Supply Management-Chicago business barometer tumbled to 52.6 in July from 62.6 in June.
It's a solid number, says CNBC's Rick Santelli reporting the latest numbers on manufacturing. Expectations were for 57.
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CNBC's Rick Santelli and Alyce Andres-Frantz, MNI Chicago bureau chief, break down the latest news on Midwest manufacturing. If you look at the numbers they are pretty solid, says Andres-Frantz.
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CNBC's Rick Santelli breaks down the latest manufacturing data.
China's factory activity expanded at the fastest pace in more than a year in August with a jump in new orders, official data showed on Sunday.