S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Investing

U.K. Manufacturing Shows Signs of Recovery

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

78489302
Thinkstock
The United Kingdom’s PMI showed a 3% year-over-year rise last month, marking a tiny recovery from what has been a terrible period for its economy. The data were reported by Markit.

According to Bloomberg:

U.K. manufacturing expanded for a second month in January as orders rose and output surged the most since September 2011.

A gauge of factory activity was at 50.8, compared with a revised 51.2 in December, Markit Economics and the Chartered Institute of Purchasing and Supply said in London today. A reading above 50 indicates expansion. Separate reports today showed euro-area manufacturing shrank less than initially estimated last month, while Chinese manufacturing expanded.

Britain’s economy shrank by a more-than-forecast 0.3 percent in the fourth quarter and the Bank of England said last month that “substantial headwinds to recovery remained.” Still, Markit said the fact that its factory index remains above 50 is an encouraging start to 2013.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Douglas A. McIntyre |

What’s Important in the Financial World (2/1/2013)

ThinkstockAnheuser-Busch InBev Hits Roadblock The maker of the “The King of Beers” will not be expanding its kingdom. Anheuser-Busch InBev S.A./N.V.…
US Manufacturing for February Looks Weak, Unless Compared to China
Jon C. Ogg |

US Manufacturing for February Looks Weak, Unless Compared to China

Two fresh competing looks at U.S. manufacturing data for the month of February would be considered a mixed bag, aside…
247sarah |

U.S. Services Sector Soars in May

ThinkStockThe Markit Flash U.S. Services Purchasing Managers’ Index (PMI) jumped 6.2% to 58.4 for May, according to a Markit report…
Paul Ausick |

U.S. PMI at 11-Month High

The U.S. economy continued expanding in December, posting a purchasing managers index (PMI) reading of 55.0, above the November reading…
IHS Markit Data Suggests Stronger Employment and Stronger Inflation Continuing in March
Jon C. Ogg |

IHS Markit Data Suggests Stronger Employment and Stronger Inflation Continuing in March

IHS Market has released its flash U.S. PMI reading for March, and the report cites a strong upturn in private…
Douglas A. McIntyre |

Will Chinese “Recession” Join Europe’s Contraction?

ThinkstockManufacturing in China contracted this month, according to the HSBC Purchasing Managers’ Index (PMI), a preliminary reading of manufacturing activity.…
2 Readings Show US Factories Signaling Growth Again
Jon C. Ogg |

2 Readings Show US Factories Signaling Growth Again

Two key economic reports were released on Monday, both issued by the private sector rather than by government agencies. They…
Douglas A. McIntyre |

PMI Recovers in China and Much of Europe

ThinkstockIt would make sense that China’s economy might make some modest recovery because it has been such a powerful GDP…
Douglas A. McIntyre |

Economy Puts Sharp Brakes on Eurozone PMI

nationsonline.orgManufacturing in the eurozone has returned to levels like those of the last recession. This is another sign that the area…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618