Thursday, 14 November, 2019

Services PMI contracts in February as inflation hits demand

Services PMI contracts in February as inflation hits demand Services PMI contracts in February as inflation hits demand
Russell Knight | 05 March, 2018, 15:49

The Markit/Nikkei Japan Services Purchasing Managers Index (PMI) fell to 51.7 in February on a seasonally adjusted basis from 51.9 in the previous month.

Despite declining slightly in January, fuel prices remained elevated.

Overall growth in services reflected new domestic orders, better economic conditions, improved sentiment and a favourable exchange rate, the survey's authors said.

That's up from 51.1 in January, and it moves farther above the boom-or-bust line of 50 that separates expansion from contraction.

"The pace of expansion in Japanese service sector output was broadly unmoved in February, ticking fractionally lower overall", said Joe Hayes, economist at IHS Markit, which compiles the survey.

Florida Senate approves assault weapon ban, upturns it 15 mins later
The bill includes $400 million in funding for schools to address mental health issues, the Herald reported. And while some oppose the bill, others believe it is at least a first step toward gun safety.

Real Madrid receive a massive boost days before the PSG clash
PSG were without their Brazilian star Neymar , who underwent successful foot surgery in Brazil on Saturday . "We're ready for Tuesday".

WhatsApp for Android is Developing Locked Recording Feature
If the feature is received well in the beta tester community, we may soon see it making its way onto the stable build of the app. In addition to the Locked Recordings feature, the company also is expected to test the preview recordings feature as well.

IHS Markit economist Chris Williamson said Britain's PMI data so far this year pointed to first-quarter economic growth of almost 0.4 percent, even taking into account last week's subdued manufacturing PMI, which slipped to an eight-month low. That and expectations of massive government spending over the coming year are likely to keep the inflation rate above the Reserve Bank of India's medium term target of 4% in the near future, increasing the chances of a hike in the central bank's benchmark rate.

On the price front, the rate of input cost inflation eased, but continued rises in input prices encouraged service providers to increase their selling charges again.

The composite PMI, which includes both manufacturing and services, fell to 52.2 from 52.8 in January.

Indian economy grew at its sharpest annual rate in more than a year during the October-December quarter at 7.2%, reclaiming its title of the world's fastest growing major economy.

Recommended

Lyon throws ball on AB de Villiers chest after his run out Lyon throws ball on AB de Villiers chest after his run out The Proteas , chasing a mammoth 417 to win the Test, were left in deep trouble after the loss of star batsman AB de Villiers . CA are unaware about what the argument was all about: "CA is aware of reports of an incident between players in Durban ".

Congratulations! Keith Sequeira and Rochelle Rao surprise us with wedding news Congratulations! Keith Sequeira and Rochelle Rao surprise us with wedding news The couple haven't revealed their wedding destination but, going by the pictures, it appears that they had a beach wedding. Another couple from the same season as of Keith Sequeira and Rochelle Rao , Prince and Yuvika got engaged in January 2018.

Jimmy Kimmel's 5 best Oscar jokes Jimmy Kimmel's 5 best Oscar jokes Raising the award, the veteran character actor - celebrating his first Oscar - shouted: "For my buddy, Phil Hoffman". Del Toro was favored to win the directing prize after picking up the Directors Guild of America Award last month.

Free agent Corey Brewer to sign with Thunder Free agent Corey Brewer to sign with Thunder Often times OKC struggles with generating easy offense and the former Laker will help the team improve in that area. His presence would likely take some minutes from Josh Huestis and Alex Abrines on the wing.

They're Back! Faye Dunaway & Warren Beatty To Present At Oscars 2018 They're Back! Faye Dunaway & Warren Beatty To Present At Oscars 2018 Should Win: Daniel Day Lewis is pandering for another award by claiming that he's done with acting, but we're not falling for it. The 2018 Academy Awards , which will be hosted by Jimmy Kimmel for the second year in a row, will take place this Sunday.

Nokia 9, Nokia 8 Pro to reportedly launch later this year Nokia 9, Nokia 8 Pro to reportedly launch later this year Just like we anticipated, HMD is not done yet and apparently, there are two Snapdragon 845-powered flagship phones being lined up. Nokia was nearly certain to release a Nokia 9 smartphone in 2017, but after several rumours and leaks, it never came to fruition.

Dede eyeing 'more big performances' for Swansea after West Ham display Dede eyeing 'more big performances' for Swansea after West Ham display Carvalhal's men must play Manchester United , Manchester City and Chelsea over five games and they will surely test their resolve. Burnley ended an 11-match winless run in the Premier League as Chris Wood's late header sealed a 2-1 victory over Everton .

Allison Janney Reveals Tonya Harding Texted Her on the Oscars Red Carpet Allison Janney Reveals Tonya Harding Texted Her on the Oscars Red Carpet Robbie is up for Best Actress after receiving critical acclaim for her gritty performance-and skating skills-in I, Tonya . Janney continued to thank the cast and crew and also, yes, that parrot! "You're always in my heart", Janney, 58, said.

Alex Oxlade-Chamberlain: 'Thierry Henry, Gary Neville comments were "stupid" Alex Oxlade-Chamberlain: 'Thierry Henry, Gary Neville comments were However, six months later and it's fair to say that Oxlade-Chamberlain is now in the process of proving his doubters wrong. You also have to bring something to the table. "We cooled him down and told him there is no rush, we really have time".

Trump Lays Down The Law On NAFTA, Steel Tariffs Trump Lays Down The Law On NAFTA, Steel Tariffs NAFTA, which is under renegotiation right now, has been a bad deal for United States of America . Canadian officials had not said anything about a meeting with Brady and his delegation.

Italian bond yields jump as anti-establishment parties surge in election Italian bond yields jump as anti-establishment parties surge in election The bond spread widened and the Milan bourse and euro dropped after Italy's inconclusive election results Monday. The electoral system used in Italy is brand new, so it is hard to predict the outcome of this general election.

Hrithik Roshan wishes students appearing for CBSE exams good luck Hrithik Roshan wishes students appearing for CBSE exams good luck Candidates also suffering from Type 1 diabetes disease are allowed to carry the eatables product to the examination hall. Similarly, for class 12th, the exam will be held at over four thousand centres in India and 71 centres overseas .

Josh Allen and Shaquem Griffin Set the Combine Buzzing Josh Allen and Shaquem Griffin Set the Combine Buzzing Mayfield's times are pretty comparable to a UCLA quarterback Josh Rosen , who's one of the other top quarterbacks in the class. But he has consistently flashed a power arm, including at the Senior Bowl practices in January .

Historic verdict, BJP's footprint increasing with every election: Amit Shah Historic verdict, BJP's footprint increasing with every election: Amit Shah Chief Minister Devendra Fadnavis was expected to join the celebrations but could not as he was caught up in work, a BJP leader said.

'Mutti' Merkel gets fourth term after deal with Social Democrats 'Mutti' Merkel gets fourth term after deal with Social Democrats The message included cartoons of Nahles and Merkel and the caption "four more nightmare years for Germany". The idea was to keep one of the most influential leaders, Merkel as the Chancellor in Berlin .