Sterling's fall buoys United Kingdom manufacturers as export orders rise

19 Mai, 2017, 19:08 | Author: Marc Bacque
  • Hitachi Launches It's First British-built Intercity Train

British manufacturing output rose at the fastest pace since the end of 2013, with firms confident of further improvements to come, a new survey shows.

Britain's manufacturers have seen factory orders jump to their highest level in more than two years despite concerns that the United Kingdom economy is slowing, according to a report. This was supported by both the mechanical engineering and chemical sectors. Firms expected production to rise again in the coming quarter.

However, the industry continued to grapple with pressure on prices, as the Brexit-hit pound pushes up the cost of imported materials. Nonetheless, expectations have eased slightly on their peak back in February.

The summer sun has come out early for Britain's manufacturers. "Robust demand at both home and overseas is reflected in strong order books, and output is picking up", the CBI's director of economics, Rain Newton-Smith, said.

"On the other side of the coin, we have mounting cost pressures and expectations for factory-gate price rises are running high", said Newton-Smith. Stock adequacy improved marginally, but remains below average.

Cession d'EDF Polska, valorisée à 1,4 mds ¤
La cession aura pour effet de réduire l'empreinte carbone du groupe EDF d'environ 23%. La réalisation de l'opération pourrait intervenir au cours du second semestre 2017.


Trump to Announce $350 Billion Arms Deal With Saudis
Christiane Amanpour, chief worldwide correspondent for CNN, looks ahead to Trump first foreign trip on Friday. Navy's 5th Fleet, which frequently has tense encounters with Iran's navy in the Persian Gulf.


Experts question North Korea role in WannaCry cyberattack
Ambassador to the UN Nikki Haley said Washington and Beijing are discussing the possibility of additional measures on the North. The $4 billion in damage could be far more important to the perpetrators than the $70,000 or less in ransom payments collected.


26% of manufacturers reported total order books to be above normal, and 17% said they were below normal, giving a balance of +9%. The EEF, which represents manufacturing firms, said last week that orders were improving as United Kingdom exporters enjoyed an improved competitive position "vis-a-vis the pound depreciation" and global growth picked up strongly from a dip past year.

The figures are likely to offer some reassurance that the big fall in the pound after last year's Brexit vote, twinned with a strong global economy, will boost manufacturers at a time when consumers are under pressure from rising inflation.

16% of firms said their present stocks of finished goods are more than adequate, whilst 12% said they were less adequate, giving a balance of +4%.

The survey was conducted between 25th April and 12th May.

Conseillé:

  • Hackers Exploit Computers Infected With Ransomware to Mine Cryptocurrency

    The malware has affected operations at several hospitals, auto factories, subway systems, shops and schools across the globe. Microsoft ended up distributing the free patch for the older versions on Friday - the day the ransomware was detected.
    Clapper: US government 'under assault' by Trump after Comey firing

    Clapper: US government 'under assault' by Trump after Comey firing

    Comey was sacked over his handling of the federal investigation involving Mr. But very well known, highly respected and really talented people.

    Polls open with Iranians to give verdict on Rouhani

    The people from the conservatives and religious regions of Mashad, Qom and rural areas are mostly to vote more for Raisi. As a judge of the clerical court, you can even issue an arrest order.
  • Les femmes victimes de harcèlement dans les rues — La Chapelle

    Les femmes victimes de harcèlement dans les rues — La Chapelle

    C'est en tout cas ce que dénoncent plusieurs d'entre elles dans une pétition publiée sur internet et adressée à Emmanuel Macron . Le quotidien rapporte le témoignage de cette femme qui affirme avoir reçu une cigarette allumée dans les cheveux.

    Israel arrests 2 after deadly West Bank clash

    The slain Palestinian is the second to be killed since the detainees' hunger strike started a month ago. A similar incident occurred the day before near the Palestinian village of Silwad in the West Bank.

    Investors Catching Stocks Advanced Micro Devices, Inc. (AMD)

    Summit Redstone reaffirmed a "buy" rating on shares of Advanced Micro Devices in a report on Saturday, January 21st. Analysts, on average, seem bullish as they suggest AMD is worth $1.37 more, giving a target price of $12.57/share.
  • South Korea wants to reopen communication with North Korea

    Fourteen years ago, he came as a representative of South Korea president Roh Moo-hyun. In a lecture arranged by a Japanese think tank in Tokyo on Wednesday, U.S.

    Worldwide effort set to keep Trump happy on 1st trip abroad

    Bush first traveled to Mexico, Obama to Canada -- a decision typically seen as an honor reserved for America's c. Bush and Barack Obama, whose first foreign trips were in February, shortly after their inaugurations.
    Overwatch's anniversary event will bring new maps and dance emotes

    Overwatch's anniversary event will bring new maps and dance emotes

    However, as exciting as it is, Blizzard has not actually revealed their plans for the "Overwatch" anniversary event. Fans have been feasted with a brief look of some of the upcoming maps, Skins and other new features for Overwatch .
  • State Dept expresses

    State Dept expresses "concern" over Turkish officials' attack on protesters

    USA officials said this month that the White House had approved supplying arms to the YPG, a decision that caused alarm in Ankara. Ayten Necmi , 49, was charged with aggravated assault and Jalal Kheirabaoi , 42, was charged with assaulting a police officer.

    Putin praises China's Belt and Road initiative, condemns North Korea

    He was speaking to leaders and other officials from Asia, Europe and Africa at the event to promote Beijing's " Belt and Road Initiative ".
    Volkswagen builds an Up! GTI for 2017 Wörthersee Tour

    Volkswagen builds an Up! GTI for 2017 Wörthersee Tour

    The interior includes features as a leather-trimmed sport steering wheel, a GTI gear knob, and a tartan pattern on the seats.


Populaire

China's Xi says willing to help end rift with South Korea
Lee also delivered Moon's letter, expressing his gratitude for last week's phone call and congratulations on the president's inauguration.

Brazil's Temer: 'I won't resign' amid corruption allegations
She was found guilty by Congress of illegally manipulating the government's accounts to mask the depth of a painful recession. Neves is being investigated in several corruption cases related to the " Car Wash " probe involving kickbacks to politicians.

EPL: Mourinho sweating over Fellaini injury after Manchester United draw
We trained with 24 players today, with no one injured so instead of looking at United, I look at my team. Neither United nor Palace have anything tangible to play for on the final day of the season.

No Malaysians in Times Square car crash incident: Wisma Putra
Last week, Rojas was reportedly arrested for allegedly pointing a knife at a notary and accusing him stealing his identity. This man says it was the bouncer from Planet Hollywood who slugged the driver allowing others to bring him down.

British consumers 'particularly concerned' about post-Brexit price rises
By 2021, it is projected that Britons will spend £1.4 trillion per annum, with growth of 17% expected over the next five years. The war on sugar has refreshed sales of bottled water - and the upcoming 2018 soft drinks levy means there will be no let-up.

European Union regulators slap Facebook with fine for misleading them about WhatsApp
Facebook was fined US$122 million for giving European Union antitrust regulators misleading or incorrect information about its acquisition of messaging service WhatsApp in 2014.

Frontier Communications Corp (NASDAQ:FTR), Chevron Corporation (NYSE:CVX), PG&E Corporation
This is the price at which the trader or investor wants to exit his existing position so he can realize the most reward. A trend analysis is a method of analysis that allows traders to predict what will happen with a stock in the future.

Say Hello To The New VW Up GTI
The interior includes features as a leather-trimmed sport steering wheel , a GTI gear knob, and a tartan pattern on the seats. Once again all figures are reminiscent of those of the Mk1 Golf GTI launched four decades ago.

Ironic? CBS Show 'Mom' Donates $250K to Planned Parenthood
TV sitcom "Mom" have decided to make a $250,000 donation to Planned Parenthood rather than mount an Emmy campaign this year. Co-created by Lorre, Mom has tackled serious subjects including substance abuse, addiction, suicide and more.

Researchers Open Future Of Wearables With 'World's Thinnest Hologram'
How long will it be until we can view pop-up 3D displays from our smartphone? We would like to see industry engage with research. To generate enough phase shifts, those holograms need to be at the thickness of optical wavelengths.