MTECHTIPS:-GLOBAL HAPPENINGS China’s manufacturing sector is registering an unexpected contraction in January, albeit a mild one. The “flash” version of the HSBC/Markit China manufacturing Purchasing Managers’ Index fell to a six-month low of 49.6, down from a final De-member reading of 50.5.Among the sub indexes, overall new orders swung to a decline, while new export orders already in contradictory territory showed a faster rate of losses. The closely watched employment sub index also fell at a faster rate than in December. Australasia Inflation is expected to rise 2.3 percent on year in January. Thats up from expectations for an increase of 2.1 percent in December, although it remains comfortably within the Reserve Bank of Australias target range of 2 to 3 per- cent. The increase in consumer prices has been attributed to the RBAs record low cash rate of 2.50 percent, as well as a weakening Australian dollar, the institute said. WWW.MTECHTIPS.COM 07489294118-119
Posted on: Thu, 23 Jan 2014 06:15:35 +0000
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