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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.

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.

Surprisingly strong growth in France supported stable euro zone private business activity during August but factories could face a tougher September as new order growth stumbled, surveys showed on Tuesday.

Muddying the outlook for the coming months is the United Kingdom’s vote in late June to leave the European Union, although so far the economic repercussions seem to have been confined to Britain, not its main trading partner.

“August’s slight rise in the euro zone Composite Purchasing Managers’ Index suggests that, despite shrugging off the UK’s Brexit vote, economic conditions remain fairly subdued,” said Stephen Brown at Capital Economics.

France’s private sector shrugged off its neighbor’s vote and accelerated to levels last seen just before the militant attacks in Paris in November, as an upturn in the service sector offset continued weakness in manufacturing.

Those attacks, and the recent one in Nice in July, hit the country’s service industry – the hotel and restaurant sector in particular – and resulted in lower demand for travel to Europe.

In France, the travel and tourism sector’s contribution to GDP will grow 1.1 percent this year, down from a previous forecast of 2.9 percent, the World Travel and Tourism Council said on Monday.

Still, the brighter overall picture should alleviate fears the French economy continued to slow down this quarter after unexpectedly stagnating in the second quarter of the year.

German private sector growth slowed in August, but remained robust overall, its PMI showed, suggesting Europe’s biggest economy is set to keep on expanding in the summer months after it grew more than expected in the second quarter.

Consumer confidence fell markedly again across the currency bloc in August, a sign of low morale after the British decision to leave the EU, official data showed on Tuesday.

The European Commission’s flash estimate, which defied economists’ forecasts of a rebound in confidence this month, showed euro zone consumer morale decreased to -8.5 in August from an unrevised -7.9 in July.

UNDER PRESSURE

Markit’s flash composite Purchasing Managers’ Index for the euro zone edged up to a seven-month high of 53.3 from July’s 53.2, where any reading above 50 indicates growth. A Reuters poll of economists had predicted a slight dip to 53.1.

Markit said the PMI pointed to GDP expanding 0.3 percent this quarter, matching a Reuters poll earlier this month that showed the euro zone economic outlook stable but lacklustre, about half the speed at the start of the year.

“With underlying growth remaining muted, the ECB looks set to ease monetary policy further by year-end. After all, we do not expect inflation to increase by then either,” economists at Commerzbank told clients.

Pressure remains on the European Central Bank to announce more easing as it has so far been unsuccessful in getting inflation anywhere close to its 2 percent target ceiling.

It is currently at just 0.2 percent year-on-year.

But there is little confidence amongst economists about just how much firepower the ECB has left.

Of some concern, having only trimmed their prices in July, firms returned to deeper discounting this month. The euro zone output price index fell to 49.5 from 49.8.

Discounting helped drive a PMI covering the bloc’s dominant service industry up to 53.1 from 52.9, also confounding expectations for a dip to 52.8. The manufacturing PMI was predicted to have held steady at July’s 52.0 but fell to 51.8.

The factory output index, which feeds into the composite PMI, nudged up to an eight-month high of 54.0 from 53.9.

However, new order growth was at its weakest since early 2015, falling to 51.5 from 52.2, suggesting the headline manufacturing PMI may decline next month.

Service firms were also less optimistic about the year ahead. The business expectations index fell to 60.2 from 60.9, its lowest reading since late 2014.

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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