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Markit US Manufacturing PMI Weakens in August

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The Nikkei Myanmar Manufacturing Purchasing Managers' Index, or PMI, rose slightly to 49.3 in August from 49.1 in July, the NAR reported. A reading above 50 indicates expansion.

United Kingdom manufacturing activity surged in August, according to data released by IHS Markit Friday, with sentiment among businesses across the industry hitting a three year peak during the recent month.

New contracts predominately came from the domestic market, although exports remained strong, if down on July's near-record high.

To cope, companies stepped up the pace of hiring, which Gill said a current upswing in employment still had "far from run its course".

"August's PMI results showed that manufacturers in India recovered quickly from the sharp slump that followed the introduction of the GST", said Pollyanna De Lima, Principal Economist at IHS Markit and the author of the report.

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That echoed similarly robust official data on Thursday suggesting the industrial sector is continuing to prosper from a year-long, government-led building boom.

The report noted that while workforce numbers grew at the fastest pace in six months, production increases slowed, causing the level of outstanding business to rise for the first time since April. Both input costs and output prices rose further, with the latter hitting an eight month high, according to Zhong.

A reading above 50 shows growth in the sector.

The dollar held stronger in Asia on Thursday with China manufacturing data coming in better-than-expected and investors generally upbeat on the regional view and chance s for USA tax cuts later this year.

While remaining elevated, United Kingdom inflation unexpectedly eased from 2.9% to 2.6% in July. "Business conditions improved across the three main subsectors - consumer, intermediate and investment goods - and at smaller and large-scale producers alike", says Dobson.

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