Sectors News Results

  • Italian Industrial Production Increased in July, Beating Expectations

    Italy's industrial production rose in July for the second consecutive month, signaling that the country's industrial sector kept its momentum at the beginning of the third quarter. Italian factory output increased 0.8% in July compared with the previous month following an upwardly revised 1.1% rise in June, data from the country's statistics office Istat showed Friday. The reading beats expectations from economists, who had forecast factory output to decrease 0.1%,...

  • U.S. Services Sector Lost Traction in August as Shortages Weighed on Activity -- ISM

    The U.S. service sector growth slowed in August amid persistent supply- and labor-related shortages, data from a survey compiled by the Institute for Supply Management showed Friday. The ISM Services Report on Business PMI fell to 61.7 in August from July's all-time survey high of 64.1. The reading broadly matches economists expectations polled by The Wall Street Journal.

  • U.S. Service Sector Growth Slowed Further in August on Delta Variant, Shortages -- IHS Markit

    U.S. services sector growth slowed in August to an eight-month low as the spread of the Delta variant, labor shortages and supply-chain disruptions weighed on activity, according to data from a survey compiled by IHS Markit showed Friday. Services Purchasing Managers' Index decreased to 55.1 in August from 59.9 in July. This broadly matches the preliminary reading of 55.2 and the forecast from economists polled by The Wall Street Journal.

  • China Services-Sector Gauge Tumbled Sharply in August on Covid-19 Disruptions

    A private gauge of China's services sector tumbled sharply in August, as the government's stringent measures to curb the spread of new coronavirus outbreaks damped activity and demand. The Caixin China Services purchasing managers index dipped to 46.7 in August from 54.9 in July, Caixin Media Co. and research firm IHS Markit said Friday. The result was in line with a competing official PMI released Tuesday, which also showed a significant drop in service activity.

  • U.S. Manufacturing Growth Held Up in August But Supply Strains Hamper Activity -- ISM

    The U.S. manufacturing sector kept expanding at a solid pace in August but persistent supply-chain challenges constrained growth, according to a survey of purchasing managers in the sector. The ISM Manufacturing Report on Business PMI rose to 59.9 in August from 59.5 in July, according to data from the Institute for Supply Management released Wednesday. Economists polled by The Wall Street Journal expected the index to come in at 58.6.

  • Texas Factory Production Slowed Sharply in August -- Dallas Fed

    Texas manufacturing production softened in August compared with the previous month, data from the Federal Reserve Bank of Dallas showed Monday. The production index of the Texas Manufacturing Outlook Survey, a key measure of state manufacturing conditions, fell to 20.8 in August from 31.0 in July. The index for general business activity, which assesses broader business conditions in the manufacturing sector, decreased to 9.0 in August from 27.3 in July.

  • Durable Goods Orders Drop Slightly in July as Supply Constraints Continue

    Orders for cars, appliances and other durable goods decreased slightly in July, as manufacturers continued to grapple with shortages in parts and labor and confront higher material costs. New orders for products meant to last at least three years decreased 0.1% to a seasonally adjusted $257.2 billion in July as compared with June, the Commerce Department said Wednesday. Economists surveyed by The Wall Street Journal had estimated a 0.5% decline.

  • Solvay, Shinkong Join Forces to Serve Taiwan Semiconductor Market

    Solvay SA (SVYSF) said Wednesday that it has agreed on the creation of a joint venture with Taiwan's Shinkong Synthetic Fiber Corp. for the development and production of electronic-grade hydrogen peroxide. The new entity---which should begin operations in the first quarter of 2023 and will be called Shinsol Advanced Chemicals--will sell the chemical agent in Taiwan where the demand in the semiconductor industry is increasing, the Belgium company said. "The company aims to serve...

  • U.S. Economic Recovery Lost Momentum in August Dragged by Services Slowdown

    Economic activity in the U.S. showed signs of slowing down in August, particularly in the services sector, amid the recent increase in Covid-19 cases due to the spread of the Delta variant. The flash reading for the U.S. Composite Output Index decreased to 55.4 in August from 59.9 in July, data from IHS Markit showed Monday, an eight-month low.

  • Kingspan Group 1st Half Boosted by High Demand, Construction-Sector Recovery

    Kingspan Group PLC (KGSPF) on Friday reported a 67% rise in pretax profit for the first half of the year on revenue that also rose, boosted by high demand and a global recovery in the construction sector. The Ireland-based building-and-insulation materials company made a pretax profit for the half year ended June 30 of 297.2 million euros compared with EUR177.5 million for the comparable period a year earlier. Revenue rose to EUR2.9 million from EUR2.1 million, in line with guidance...

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