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Manufacturing maintains growth arc

July 2, 2009

CHINESE manufacturing continued its growth momentum for the fourth straight month in June, reinforcing optimism that an economic recovery may be under way, two surveys showed yesterday.
The official Purchasing Managers Index, compiled by the China Federation of Logistics and Purchasing as a measure of the nation’s manufacturing activities, reached 53.2 last month following a reading of 53.1 in May and 53.5 in April.
The figure has been above 50 – the threshold denoting expansion – for four consecutive months.
In addition, the brokerage firm CLSA said yesterday its China PMI rose to 51.8 in June from 51.2 in May, the highest level since July last year and the third straight month for the index to record growth.
“After softening slightly in May, China’s official PMI improved again last month and showed sequential economic expansion. We take it as a signal that the green shoots of economic recovery have strengthened and are likely to blossom in the second half of 2009,” said Wang Qing, a Morgan Stanley economist.
“Continuity of accommodative monetary and financial conditions and follow-through in the implementation of the fiscal stimulus package should bring about robust growth in GDP in the second half of this year,” Wang said. “In addition, private investment will likely catch up, as the recovery in property sales remains strong and industrial profits recently registered significant improvement.”
Eric Fishwick, head of Economic Research at CLSA, said the PMI increases confirmed that growth was solidifying in manufacturing.
“Further improvement in export orders is a surprise, and domestic demand for manufacturing should continue to grow, as policy and the upturn in residential construction are gaining traction,” Fishwick said.
Both Wang and Fishwick expect the PMI to continue expanding in the coming months.
The production index under the official PMI strengthened to 57.1 in June from 56.9 in May, supported mainly by domestic demand, with new orders standing at 55.5 last month.
Economists said the decline in China’s exports should bottom out soon as new export orders reflected in the PMI rose to 51.4 in June, from 50.1 in May when they first entered expansionary territory.
The employment figure climbed back above 50 for the first time since last September, hitting 50.1 in June from 49.9 a month earlier, implying the country’s job-protection and creation policy is working.
China’s gross domestic product grew 6.1 percent in the first quarter from a year earlier, the weakest pace since at least 1992. Economists generally expect better performance when second-quarter results are posted later this month.
The main concern is weak external demand. China’s exports fell 26.4 percent in May from a year earlier, a record low in at least 14 years.
CHINESE manufacturing continued its growth momentum for the fourth straight month in June, reinforcing optimism that an economic recovery may be under way, two surveys showed yesterday.
The official Purchasing Managers Index, compiled by the China Federation of Logistics and Purchasing as a measure of the nation’s manufacturing activities, reached 53.2 last month following a reading of 53.1 in May and 53.5 in April.
The figure has been above 50 – the threshold denoting expansion – for four consecutive months.
In addition, the brokerage firm CLSA said yesterday its China PMI rose to 51.8 in June from 51.2 in May, the highest level since July last year and the third straight month for the index to record growth.
“After softening slightly in May, China’s official PMI improved again last month and showed sequential economic expansion. We take it as a signal that the green shoots of economic recovery have strengthened and are likely to blossom in the second half of 2009,” said Wang Qing, a Morgan Stanley economist.
“Continuity of accommodative monetary and financial conditions and follow-through in the implementation of the fiscal stimulus package should bring about robust growth in GDP in the second half of this year,” Wang said. “In addition, private investment will likely catch up, as the recovery in property sales remains strong and industrial profits recently registered significant improvement.”
Eric Fishwick, head of Economic Research at CLSA, said the PMI increases confirmed that growth was solidifying in manufacturing.
“Further improvement in export orders is a surprise, and domestic demand for manufacturing should continue to grow, as policy and the upturn in residential construction are gaining traction,” Fishwick said.
Both Wang and Fishwick expect the PMI to continue expanding in the coming months.
The production index under the official PMI strengthened to 57.1 in June from 56.9 in May, supported mainly by domestic demand, with new orders standing at 55.5 last month.
Economists said the decline in China’s exports should bottom out soon as new export orders reflected in the PMI rose to 51.4 in June, from 50.1 in May when they first entered expansionary territory.
The employment figure climbed back above 50 for the first time since last September, hitting 50.1 in June from 49.9 a month earlier, implying the country’s job-protection and creation policy is working.
China’s gross domestic product grew 6.1 percent in the first quarter from a year earlier, the weakest pace since at least 1992. Economists generally expect better performance when second-quarter results are posted later this month.
The main concern is weak external demand. China’s exports fell 26.4 percent in May from a year earlier, a record low in at least 14 years.
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Safer Parking award from the British Parking Association

December 28, 2008

Westfield London, the capitals newest shopping centre, has been awarded a Safer Parking award from the British Parking Association (BPA) within its first six weeks of opening. Europes biggest inner city shopping and leisure destination received Park Mark status at a recent ceremony for providing a safe parking facility with 4,500 spaces.

need-a-parking-space

Car park manager, Gary Lee was presented with the Park Mark Award from Sector Inspector Paul Banbro of Hammersmith & Fulham Metropolitan Police Borough. PC David Hinton was also at the presentation. The team is directly responsible for the Policing of the Westfield London Shopping Centre.

The Safer Parking Scheme (SPS), run by the BPA for the Association of Chief Police Officers, was developed to provide a benchmark standard for all parking areas across the UK, to create safer parking both for the public and their vehicles.

The Park Mark Safer Parking Award is granted to parking areas that have achieved the requirements of a risk assessment conducted by the Police. These requirements mean the parking operator has put in place measures that help to deter criminal activity and anti-social behaviour, thereby doing everything they can to prevent crime and reduce the fear of crime in their parking area.

Gary Lee said: We are delighted to receive Park Mark status in the opening weeks of the new centre. We are committed to the highest level of customer service, and with Christmas due to be our busiest time, it was vital to provide all our shoppers with a safe and reliable parking facility while they enjoy the new centre.

The shopping centre in Shepherds Bush has a vehicle management system to indicate parking availability and also offers a valet parking service for the convenience of its customers.

Kelvin Reynolds, head of SPS at the British Parking Association, said: With the number of Park Mark awards on the increase – we now have over 3,700 members – it proves that the scheme is an invaluable tool in helping to make parking environments safe and increasing public reassurance in these areas. When drivers leave their cars in Park Mark award facilities they will find them exactly as they left them on their return.

Source: Emma Pollock http://www.webershandwick.co.uk
From: British Parking Association
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How to park in Istanbul

November 19, 2008

how-to-park-in-istanbulHere are some advices to drivers about parking in this city of Turkey

If something amazes Istanbul tourists – besides the beauty and the antiquity of this unique city and the Turks” good nature – that is driving skills of local residents. Probably, only Istanbul citizen can turn around on a tiny patch, and leave the traffic jam within the shortest terms, moreover, without touching anybody. Conditions oblige! Istanbul is an ancient city; it has a lot of small close streets. Willing or not, you will learn. We, tourists, will never learn to drive like Istanbul people do. But, besides driving, we also need to have a place to park our cars, so, if we decide to come to Istanbul by car, we are in need of hotels in Istanbul with parking area. Therefore, we should remember some advices about such important for Istanbul procedure as parking.

Advice №1: get used to the car

You, certainly, will not take your car to Istanbul. Tourists, as a rule, hire cars (in Turkey this is not a problem – rent a car service it is cheap and quickly). This is good, and this is… bad. The matter is, that on the parking of any Istanbul hotel it is better to park the car, to which you have got used. Parking – especially in close conditions of the Istanbul roads – passes better, when you feel car”s sizes or the car by itself, as drivers say, well. Therefore, to park the car correctly, try to get used to it.

Advice №2: pay attention to the drive gear

All wheel-drive cars have the biggest turn radius, and the rear-wheel drive cars have the smallest. As you understand, this is the key point of the parking.

Advice №3: practice.

You may be a really skilled driver, but, anyway, it would not be desirable to pay for scratches on the hired car. That is why it will be better, if you spend an hour or two practicing in parking. You will not need much for this. Skilled instructors will advise you the following. To train the parking elements the same as maneuver “driving into the garage” is practiced, for example. Practice until you develop the absolute automatism of actions. Train parking in forward and back run, in parallel, perpendicularly and at an angle to the curb.

Advice №4: do not forget about headlights

Another advice from the skilled drivers – use headlights while parking the car. At the forward parking blink the upper beam at the critical for you line. The size of the beam of light on the obstacle and its brightness the same as any parking radar will help you to define the distance to the granite curb or to the next car bumper. While making the back parking use for the same purpose the stoplights, light from the lantern or a shadow from an obstacle.

Advice №5: look around

Istanbul is a great city, but you do not know it yet. Therefore, you will have to park in the unfamiliar places. In such cases, before parking, thoroughly examine the place of your future parking and the entrance to it.

Advice №6

Parking your car on the roadside – fold your mirrors, and take along everything valuable. Well, and if you do not wish to burden yourselves in Istanbul even with parking – just stop at a hotel where it is. In that case, – be sure – your car will be parked by the hotel employee. And they will do that quickly and professionally.

Source: http://www.turkeyTPS.com

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