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Workers assemble an e-Golf electric car at the new production line of the Transarent Factory of German carmaker Volkswagen in Dresden, Germany March 30, 2017. REUTERS/Fabrizio Bensch

Factories across the euro zone struggled to keep up with demand last month despite increasing activity at the fastest rate in nearly six years, according to a survey that showed them again hiking prices.

IHS Markit’s final manufacturing Purchasing Managers’ Index for the euro zone rose to 56.2 in March, the highest since April 2011, from February’s 55.4. It was in line with a flash estimate and far above the 50 mark that separates growth from contraction.

An index measuring output, which feeds into a composite PMI due on Wednesday, rose to a near six-year high of 57.5 from 57.3. The flash estimate was 57.2.

“Euro zone manufacturing is clearly enjoying a sweet spell as we move into spring, but it is also suffering growing pains in the form of supply delays and rising costs,” said Chris Williamson, chief business economist at IHS Markit.

“The survey is also signaling the highest incidence of supplier delivery delays for nearly six years, underscoring how suppliers are struggling to meet surging demand.”

A sub-index measuring delivery times fell to 41.9 from 43.9, its lowest reading since May 2011. New orders surged despite prices charged rising faster than in any month since June 2011.

Signs of accelerating activity and price rises will be welcomed by policymakers at the European Central Bank who have for years failed to get inflation anywhere near their target.

Inflation slowed in March by far more than economists polled by Reuters had expected, driven down mostly by a deceleration of energy price rises, official estimates showed on Friday.

Prices in the 19 countries sharing the euro rose 1.5 percent year-on-year, Eurostat estimated, down from a four-year high of 2.0 percent recorded in February. The Bank wants inflation of just under 2 percent.

Originally reported by Reuters.

Remember, no issue has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all investment matters ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

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Industries across the euro zone cranked up output in November and Germany ended the year with its strongest growth in five years, data showed on Thursday, pointing to an economic spurt that may be arriving earlier than some ECB policymakers expect.

Euro zone industrial output in the 19-country currency bloc surged 1.5 percent on the month and 3.2 percent year-on-year as firms stepped up production before Christmas. Both figures were far better than expected.

That gelled with a surprisingly large increase in Italian industrial production, also reported on Thursday, and similarly robust numbers earlier this month from France.

The German statistics office, meanwhile, estimated growth in the euro zone largest economy was around 0.5 percent for the fourth quarter and expanded by 1.9 percent in 2016, the strongest rate in five years.

Economists said these figures added to the evidence that euro zone gross domestic product will have picked up in the last quarter of last year.

The numbers are also relatively unexpected. Indeed, investment bank Citi ranked the euro zone at the top of its Economic Surprise Index at year-end, higher even than the rating for Britain’s unforseen post-Brexit performance.

The strong rise of industrial output “reinforces our belief that euro zone GDP growth could well have reached 0.5 percent quarter-on-quarter in the fourth quarter of 2016,” said Howard Archer, economist at IHS Global Insight.

Euro zone GDP grew a modest 0.3 percent in second and third quarter of last year, after a 0.5 percent rise in the first quarter.

Thursday’s figures add to a jump in the bloc’s economic sentiment which in December reached its strongest level since March 2011.

Euro zone consumer confidence also hit a 20-month high in December and has been rising for four consecutive months, European Commission’s estimates showed.

Monthly retail sales in the bloc did fall by 0.4 percent in November but only after a rise by 1.4 percent in October, by far the largest in years.

CAUTION

The surprising burst in economic activity may fire up criticism from economists and politicians in countries such as Germany that the European Central Bank is hanging on too long to its ultra-easy monetary policy, including asset purchasing.

The ECB, however, remains cautious about the outlook and will need sustained evidence before it moves.

Indeed, the improved outlook for the last quarter of the year may however not carry over to 2017 in part because it brings with it an increase in prices.

“We expect rising inflation to weigh on consumer spending growth, causing overall GDP growth to slow in 2017,” Jack Allen of Capital Economics said.

Euro zone consumer inflation in December was 1.1 percent, the highest level since September 2013, as oil prices are going up. It remains under the roughly 2 percent target sought by the ECB, however.

A Reuters poll of over 65 economists released on Thursday showed little change in forecasts for euro zone growth and inflation with respondents citing uncertainty from rising protectionist sentiments after the Brexit vote last June and Donald Drumpf’s U.S. election win.

In addition, the November euro zone industrial output data confirmed caution is still prevailing among firms, as political uncertainty over the coming months restrains investment.

The monthly output rose strongly for non-durable consumer goods, such as clothing or foodstuff, a sign that companies were betting on more consumption ahead of the Christmas shopping.

Production grew markedly on the month also for intermediate goods and energy, but it rose only slightly for capital goods, like machineries, a sign of only limited appetite for long-term investment.

Output of durable goods, such as cars or refrigerators, was the only component of the indicator to record a drop, by 0.1 percent on the month, confirming firms’ cautious approach as consumers were less keen to purchase more expensive items.

Originally reported by Reuters

Remember, no issue has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all investment matters ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialised units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Further Queries Feel Free to Contact :

Mr. Gregor Novak,
Deputy Global Director, No. 11,
Operations Research & Implementation Division,
Email : deputy.gd.11@cwiilgroup.eu
Voice : +45.8176.1946
Social Media : LinkedIn – Twitter – Facebook

For Queries Specific to the EU Region :
Email : eu@cwiilgroup.com , hq@cwiilgroup.eu
Web : www.cwiilgroup.com , www.cwiilgroup.eu

For Any / All Other Queries :
CWIIL Group Global Regional Headquarters Denmark,
Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
Voice : +45.5148.3608
Fax : +45.7014.1498
Email : corpcomm@cwiilgroup.eu
Web : www.cwiilgroup.eu
Connect : LinkedIn – Twitter – Facebook – Quora

Office Hours :
Monday to Friday : 10.00 – 17.00 CET.
Saturday : 10.00 – 14.00 CET.
Sunday : Closed.

The Corporate Communications Team would require minimum a fortnight for Reviewing & Responding to Queries, which please note.

Inflation in the UK fell to zero in August, due to cheaper fuel prices, clothing prices which rose less than they did a year ago, and stiff supermarket competition.

Consumer prices were unchanged compared to 12 months ago following a 0.1 percent gain in July.

The rate of core inflation – which excludes food, energy, alcohol and tobacco – fell as predicted to 1.0 percent from 1.2 percent.

The news has reinforced expectations that interest rates are set to remain low for now.

But there have been warnings that low inflation driven by the likes of petrol prices could be temporary – but that other pressures on prices remain.

These materials are not intended and should not be used as legal advice or other recommendation. If you need a legal opinion on a specific issue or factual situation, please contact a lawyer. Anyone using these materials should not rely on them as a substitute for legal advice.

Consulting CWIIL Group of Companies, for any / all investment matters ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

CWIIL Group of Companies is a global group of multi-specialized units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Further Queries Feel Free to Contact :

Mr. Gregor Novak,
Deputy Global Director, No. 11,
Operations Research & Implementation Division,
Email : deputy.gd.11@cwiilgroup.eu
Voice : +45.8176.1946
Social Media : LinkedIn – Twitter – Facebook

For Queries Specific to the EU Region :
Email : eu@cwiilgroup.com , hq@cwiilgroup.eu
Web : www.cwiilgroup.com , www.cwiilgroup.eu

For Any / All Other Queries :
CWIIL Group Global Regional Headquarters Denmark,
Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
Voice : +45.5148.3608
Fax : +45.7014.1498
Email : corpcomm@cwiilgroup.eu
Web : www.cwiilgroup.eu
Connect : LinkedIn – Twitter – Facebook – Quora

Office Hours :
Monday to Friday : 10.00 – 17.00 CET.
Saturday : 10.00 – 14.00 CET.
Sunday : Closed.

The Corporate Communications Team would require minimum a fortnight for Reviewing & Responding to Queries, which please note.

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