Wed. Sep 30th, 2020

Chinese factories post fastest growth in three years, but Ireland struggles – business live

Rolling coverage of the latest economic and financial news, including new PMI surveys of the world’s manufacturing

8.00am GMT

We’ll get a lot of PMI data today, but Ireland’s stands out as particularly worrying.

Irish manufacturing activity shrank last month, for the fifth time in six months, according to the latest healthcheck from AlB and Markit.

Export sales decreased further during November, with the rate of contraction accelerating from October. Panellists stated that they had observed an overall weakening of foreign demand conditions, singling out weaker US and UK markets.

7.54am GMT

Asia-Pacific stock markets have been lifted by the rise in Chinese factory growth.

The main indices are mainly higher today, with Shanghai’s CSI 300 up 0.2%.

Related: Markets buoyed by China economic data as clouds remain over trade talks

Continue reading…Rolling coverage of the latest economic and financial news, including new PMI surveys of the world’s manufacturingChina’s PMI hits three-year highBut Ireland cuts jobs as exports fallUK and eurozone data due this morningComing up: Christine Lagarde at European Parliament 8.00am GMTWe’ll get a lot of PMI data today, but Ireland’s stands out as particularly worrying.Irish manufacturing activity shrank last month, for the fifth time in six months, according to the latest healthcheck from AlB and Markit.Export sales decreased further during November, with the rate of contraction accelerating from October. Panellists stated that they had observed an overall weakening of foreign demand conditions, singling out weaker US and UK markets. 7.54am GMTAsia-Pacific stock markets have been lifted by the rise in Chinese factory growth.The main indices are mainly higher today, with Shanghai’s CSI 300 up 0.2%. Related: Markets buoyed by China economic data as clouds remain over trade talks Continue reading…

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