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FILE PHOTO: Workers assemble a VW e-Golf electric car in Dresden

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.

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 or to Request a Personal Quote Feel Free to Contact :

Mr. Francis Thomas Matthews,
Deputy Global Director, No. 8
Marketing Research & Development Division,
Email : deputy.gd.8@cwiilgroup.eu
Voice : +45.8176.1924
Connect : LinkedIn I Twitter I Facebook I Tumblr

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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An employee of German car manufacturer Mercedes Benz works on the interior of a GLA model at their production line at the factory in Rastatt

An employee of German manufacturer Mercedes-Benz works on the interior of a GLA model at their production line at the factory in Rastatt, Germany.

German manufacturing growth slowed slightly in November, but solid demand from domestic and foreign customers kept it robust overall, a survey showed on Thursday, suggesting that factories will contribute to a rebound in the fourth quarter.

Markit’s Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about a fifth of Europe’s largest economy, fell to 54.3 from 55.0 in October, which was the highest level in nearly three years.

The November reading was a tick below a flash reading of 54.4 points, but comfortably above the 50 line that separates growth from contraction.

IHS Markit economist Oliver Kolodseike said the average reading over the fourth quarter so far was the best since the beginning of 2014, suggesting manufacturing should make a positive contribution to growth at the end of the year.

New order intakes rose a bit less sharply than in the previous two months. Still, the overall growth pace was robust, with panellists pointing to increased demand from both the domestic and foreign markets such as China and Russia.

Sector data showed producers of consumer and intermediate goods recorded solid growth. Manufacturers of investment goods reported weaker expansions.

Supporting this mixed picture in manufacturing, orders for German machines fell by 10 percent in real terms from the previous year in October, the VDMA engineering association said on Thursday.

The drop was driven by a 15 percent decline in orders from abroad, while demand from domestic customers rose 1 percent.

Production in engineering nearly stagnated in the first nine months of 2016, edging up by just 0.4 percent on the year.

“This meets our expectations of overall stagnating production in the engineering sector in the whole year,” VDMA chief economist Ralph Wiechers.

In the broader manufacturing sector, companies continued to hire new staff in November as they tried to raise capacity, the PMI survey showed. Although the rate of job creation slowed, it remained among the strongest seen in the past five years.

“Moreover, with backlogs rising sharply and companies ramping up their purchasing activity, it is likely that the positive trend in the sector continues into the new year,” Kolodseike said.

German economic growth slowed over the summer as exports weakened, with growth in gross domestic product halving to 0.2 percent on the quarter in the three months through September. The economy is expected to rebound in the fourth quarter.

For 2016 as a whole, the government expects domestic demand to propel growth of 1.8 percent, the highest in five years. For 2017, Berlin predicts a slowdown to 1.4 percent because of weaker exports and fewer working days.

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.

MADRID, Aug 25 – Spain’s economy grew strongly in the second quarter as consumer spending stayed robust and demand for exports rose, though there were signs that a vibrant investment climate may be starting to cool after months of political uncertainty.

An economic recovery has retained momentum through eight months without a functioning government, as the country has continued to notch up one of the fastest growth rates in the euro zone this year.

Quarter on quarter GDP growth reached 0.8 percent, keeping pace with the first quarter and up a tenth of a percentage point from a preliminary estimate, Thursday’s final data from national statistics agency INE showed.

Consumer spending grew 3.6 percent year on year as people who kept their jobs through a recession that ended in 2013 took advantage of better times to buy big-ticket goods like washing machines.

Exports of services also performed well, INE said, even outside the tourism sector which has been boosted by record numbers of visitors this summer.

Spain’s acting economy minister, Luis de Guindos, said he expected the economy would eventually be impacted by the lack of a government.

However “from what we can tell there is no slowdown in the third quarter, it will be similar to the second and first,” he told reporters.

After two inconclusive national elections in December and June, the spectre of a third looms.

Politicians last week inched closer to ending the impasse when the People’s Party of acting Prime Minister Mariano Rajoy agreed terms to negotiate a pact with a smaller rival, Ciudadanos.

If the agreement is sealed, Ciudadanos will back Rajoy in a parliamentary confidence vote on Aug. 31 on forming a government. But even then Rajoy would still be short of the majority he needs, raising the possibility of third ballot in December unless others also agree to back him or abstain.

CHALLENGING AUTUMN

While fallout for gross domestic product so far has been slight, the political deadlock has triggered concerns that companies might delay expansion plans.

A slowdown in manufacturers’ investment in equipment and machinery extended into the second quarter, the INE data showed, when it grew at 7.8 percent year-on-year against 9.3 percent in the previous three months and almost 11 percent in the last quarter of 2015.

Analysts from Barclays said they expected investment growth to continue to decelerate, hit by declining business confidence. However, they raised their 2016 growth forecast by 0.3 percentage points to 3.1 percent, citing strong exports.

In a sign of the possible impact on government investment, spending on public works contracts slumped by a fifth in the first quarter, separate data showed on Tuesday, as decisions on infrastructure projects like roads, ports and trains were deferred.

On an annual basis the economy grew by 3.2 percent in the second quarter, INE said – below the 3.4 percent growth rate of the first but in line with a preliminary estimate.

The acting government expects the economy to expand 2.9 percent this year – one of the fastest rates in the euro zone – though scrutiny is growing over whether that will be enough to reach deficit targets without spending cuts.

Gross debt rose to a record high 1.1 trillion euros ($1.24 trillion) in June, Bank of Spain data showed on Wednesday, which the economy ministry said was equivalent to 100.9 percent of national output – well above 2016 goals.

Further delays to forming a government would bring Spain up against the EU’s deadline of mid-October to submit a 2017 budget. Missing that would damage investor confidence and raise the possibility of sanctions.

“Spain is heading towards a challenging autumn as a late government formation would mean delays to the budget, the expenditure ceiling and the new path of deficit target approval,” the Barclays analysts said in a note.

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.

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