Lebanon Private Sector Downturn Continues In December

The UK's construction sector unexpectedly fell last month as commercial building and civil engineering work continued to drag on the industry

The UK's construction sector unexpectedly fell last month as commercial building and civil engineering work continued to drag on the industry

The Markit/CIPS UK Construction purchasing managers' index (PMI) showed a reading of 52.2 in December, down from 53.1 in November and below economists' forecasts of 53.1. The balance of firms anticipating a rise in output levels continued to be among the weakest recorded since mid-2013, which survey respondents mainly attributed to concerns about the wider United Kingdom economic outlook.

"A stellar end to 2017 for the euro zone rounded off the best year for over a decade, continuing to confound widely held fears that rising political uncertainty would curb economic growth", said Chris Williamson, chief business economist at IHS Markit. Civil engineering work stabilized in the latest survey period, which ended a three-month period of decline.

Any reading over 50 shows growth, and this is the second-highest score since last April.

SBI may cut minimum balance requirement for savings accounts
The failure to maintain an average monthly balance of Rs 3,000 draws a penalty of up to Rs 100 plus service tax. If the shortfall is 50 per cent or less, then the bank charges Rs 50 plus service tax.

"The overall upturn was supported by the sharpest increase in output and new orders since December 2012 and October 2016 respectively".

The boost came despite builders having to grapple with escalating costs, as the price of blocks, bricks, insulation and roof tiles all rose last month.

The survey of business activity showed the 17th consecutive month of growth in the services sector, which accounts for nearly 80 per cent of annual output from the economy.

Jon Gruden to be named coach of Oakland Raiders
Other teams have also done it, with one of the most recent notable coaching hires being Joe Gibbs in Washington. This would not mark the first time the Raiders brought back a coach for a second stint.

Claus Vistesen at Pantheon Macroeconomics said: "Services activity improved across the major economies. Notably, the PMI reading was slightly stronger than the average (54.0) recorded since the inception of the survey in March 2005".

Sterling was marginally higher versus the United States dollar at 1.359 following the announcement, while the pound lifted 0.1 per cent against the euro at 1.128.

GOP senators urge criminal probe of Trump dossier author
On Friday, Justice Department spokeswoman Sarah Isgur Flores said the department had received the referral and will review it. I feel obliged to pass that information along to the Justice Department for appropriate review." Sen.

Recommended News

  • Pep Guardiola will be careful not to overuse Sergio Aguero

    Pep Guardiola will be careful not to overuse Sergio Aguero

    Manager Jurgen Klopp will be hoping he will be fit for the FA Cup third-round tie with Everton and the league game against City. They don't protect the players, they are the people we come to watch - not the managers or the press conferences.
    Arson investigators looking into fire at Roy Moore accuser's home

    Arson investigators looking into fire at Roy Moore accuser's home

    Johnson and her family are living in a motel while their friends and neighbors help them recover from the blaze. The neighbor didn't know what he was talking about, she said, because flames weren't visible at the time.
    Full list of Sears and Kmart stores that are closing

    Full list of Sears and Kmart stores that are closing

    In a statement issued on the company's website, Sears Holdings plans to close another 100 stores after shuttering dozens in 2017. Eighty percent of Americans are now shopping online, leaving some brick-and-mortar chains struggling to keep up.
  • Sears at Magic Valley Mall to close in April

    Sears at Magic Valley Mall to close in April

    It's a regional destination. "Right now, there is nothing official and without anything official, we can't say anything", he said. All stores on the list are slated to close in March or April, but Green Bay's Sears Auto Center will close sometime in February.
    LeBron James hoping Cleveland Cavaliers can straighten themselves out

    LeBron James hoping Cleveland Cavaliers can straighten themselves out

    A deal with the Suns was ultimately never struck because Phoenix was unwilling to part with No.4 overall draft pick Josh Jackson. While Boston is reaping the benefits of the Irving trade, Cleveland has yet to do the same.
    Trump Promises Support for Iran Protests 'At the Appropriate Time'

    Trump Promises Support for Iran Protests 'At the Appropriate Time'

    Official and semi-official media offered no new reports of anti-regime protests, which have claimed 21 lives in the last week. Nikki Haley said the Iranian people "are crying out for freedom". "All freedom-loving people must stand with their cause".
  • Apple Confirms Company Has Slowed Older iPhones Without Knowledge of Customers

    Apple Confirms Company Has Slowed Older iPhones Without Knowledge of Customers

    The analysts at Barclays already see this as a big issue for investors, and it could really affect Apple's stock moving forward. Apple will replace your iPhone battery even if it passes the diagnostics threshold of 80 percent of its original capacity.
    North Korea: South seizes ship amid row over unlawful oil switch

    North Korea: South seizes ship amid row over unlawful oil switch

    The limit of crude exports in the one year period ending on December 22nd, 2018 will be set at 4 million barrels or 525,000 tons. Treasury Department announcement of sanctions on 20 North Korean vessels and six shipping and trading companies.
    Van Dijk heads derby winner on Liverpool debut

    Van Dijk heads derby winner on Liverpool debut

    Liverpool's 2-1 win over Everton in the FA Cup third round on Friday extended their unbeaten run in the Merseyside derby to a club-record 16 matches. "Then, it is what you do when you get the chance to create and score a goal, which is part of our plan: to see the weaknesses in Liverpool's defence".
  • Frigid weather causes South Florida iguanas to fall from trees

    It's leading to a lot of scaly surprised for Floridians, who are finding the "cold-stunned" lizards everywhere. Although they do a great job of playing dead, they're still very much alive and are simply too cold to move.
    David Letterman's new Netflix talk show kicks off with Obama

    David Letterman's new Netflix talk show kicks off with Obama

    The first episode will stream on Friday, Jan. 12, and a new episode will be made available each subsequent month. This will be Obama's first appearance on a talk show since leaving office in January 2017.
    Lithuanians Go Crazy For LaVar Ball & Sons Arriving At Airport

    Lithuanians Go Crazy For LaVar Ball & Sons Arriving At Airport

    As seems to be invariable with Ball, it was the father who was the star on arrival in Vilnius. Of course LaVar Ball , Papa Big Baller Brand himself, got his own jersey.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.