China's manufacturing sector to continue expanding in 2018

Trevor Jackson
January 2, 2018

Readings above 50 signal an expansion while readings below 50 signal a contraction.

The index in December is on par with the annual average, still pointing to a strong resilience in China's growth, according to NBS senior statistician Zhao Qinghe.

"Given the strong conditions evident in the manufacturing sector, it is no surprise to see that firms are upbeat about the outlook, with more than six times as many companies expecting to see growth in 2018 as opposed to those who anticipate a decline", said Investec Ireland chief economist Philip O'Sullivan.

Poland's manufacturing activity expanded at the fastest pace in almost three years in December, survey data from IHS Markit showed Tuesday. This was consistent with the strongest improvement in the health of the sector since December 2012. Members of the survey team said late delivery was mainly due to the shortage of raw materials. "Industry in Việt Nam therefore looks to be in good shape heading into 2018", Andrew added.

Ohio's Minimum Wage Increases In 2018
Lawmakers later changed the law to only require employers to make up the difference when tips don't exceed the minimum wage. Maine's minimum wage will increase to $10 an hour in the new year thanks to a law approved by voters in 2016.

The Spanish economy grew 0.8 per cent in the fourth quarter from a quarter earlier, The Bank of Spain said on December 27, pointing to 2017 growth of more than 3 per cent.

Despite December's poor data, businesses retained positive forecasts for output over the next 12 months as manufacturers project improvement in underlying demand conditions according to anecdotal evidence.

The research indicates stronger customer demand has led to employment growth surging to a record high, while purchase quantity accelerated to the joint-fastest since February 2011.

"In the details, output and new orders sub-indexes were both down slightly but still robustly in expansionary territory". In breakdown, the new order index for the service sector increased slightly slower month on month to 50.9, and that for the construction sector rose at a faster pace to 58.1. "New export orders picked up", Orlik said.

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