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British factories recorded their strongest performance in over two years this August, driven by robust domestic demand. The manufacturing sector's growth offsets export declines, signaling economic momentum.
India's manufacturing activity growth eased to a three-month low in August, with the HSBC PMI falling to 57. 5. Despite the slowdown, the sector maintained expansion, supported by upbeat demand and business optimism.
British economic indicators show accelerated business activity and reduced cost pressures in August 2024, signaling steady growth. The S&P Global Composite PMI reached 53.4, the highest since April.
India's business activity continues robust growth in August, with services sector strengthening and manufacturing slightly slowing. Price pressures ease, but inflation concerns persist amid global economic uncertainties.
Japan's August economic data shows a mixed picture with manufacturing contraction slowing and services expanding. The composite PMI reaches its highest level since May 2023, despite ongoing challenges.
Britain plans to introduce legislation in 2025 to regulate ESG rating providers, aiming to enhance transparency and solidify its position as a leader in sustainable finance. This move aligns with global efforts to combat greenwashing.
UK construction growth surged in July post-Labour win, with PMI hitting 55. 3. Bank of England cut rates, as new PM Starmer focuses on economic acceleration. Civil engineering led the sector's expansion.
Euro zone's economic growth halts in July, with services sector slowing and manufacturing declining further. PMI data shows business expectations at a six-month low, potentially influencing ECB's September decision.