World's Top 8 Thriving Economies in 2014
United States of America: The PMI of 55.5 is the second highest since January 2013. Stronger domestic demand has led to increase in manufacturing production. But the demand from the overseas market is marginal. Increase in new orders has also resulted in backlogs. The month of March saw increase in both manufacturing output and demand. Employment activity is on rise for the ninth consecutive month. Chris Williamson, Chief Economist at Markit observed, “With warehouse inventories falling, in many cases due to sales outstripping production, factories look set to continue to expand capacity in coming months, taking on more staff and boosting business investment.”
Czech Republic: Increase in demand continues- the volume of new orders saw an increase for the tenth consecutive month. Manufacturing output registered growth. Hiring activity is on a rise for the eleventh consecutive month, recruitment volume in March is the highest in three months. In spite of new hiring, the backlog increased. Owing to higher amount of orders, the purchase of raw materials also increased. Inflationary pressure eased, which lowers the input cost. The PMI for Czech Republic for the month of March is 55.5, lesser than February.
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