Manufacturing PMI hits global peak
Activity in the global manufacturing sector hit a 34-month high in December, in growth that was generally led by the United States and Western Europe, according to a survey released byMarkit Economics on Tuesday. The J.P.Morgan GlobalManufacturing PMI rose for the fourth straight month to 52.7 in December, up from 52.1 in November, its highest level since February 2014. A reading above 50 indicates an expansion, while one below that level points to a contraction. 2016, the highest level since July 2013, official data showed on Tuesday. According to the provisional results of the federal statistical office Destatis, the inflation rates in October and November were respectively 0.8 percent. Destastis said the main reason for the increase in consumer prices in December was the rise of household energy and motor fuels costs, which were 2.5 percent more expensive than in December 2015. On average, the inflation rate in 2016 was expected to be 0.5 percent, 0.2 percent more than the index in 2015, Destatis reported, based on the results available so far. from a month earlier, according to the Bank of Korea. The foreign currency assets, owned by the BOK, kept a downward momentum for the third consecutive month as the dollar appreciated on the expected US interest rate hikes. The strong dollar reduced the conversion value of non-dollar assets. 28 and Dec 9 of a combined 199 financial institutions including banks.