Factory growth eases to 8-month low on slow pace of output, new orders
HSBC's PMI data shows rates of expansion in factory production and sales receded for the third straight month; weaker profit growth could impact hiring demand
HSBC's PMI data shows rates of expansion in factory production and sales receded for the third straight month; weaker profit growth could impact hiring demand
Positive demand dynamics and greater labour costs pushed charge inflation to a 13-month high.
This is the fastest increase in the services sector PMI since August, when it stood at 57.2. The services sector PMI for October stood at 55.1.