After zooming to a five-year high in December at 54.7, the Nikkei Manufacturing Purchasing Managers' Index or PMI fell to 52.4 last month as the base effect wore off. A number above 50 indicates an expansion in activity, while a figure below that points to a contraction.
Chris Williamson, chief business economist at IHS Markit, said: "The pace of United Kingdom economic growth slowed sharply at the start of the year as January saw a triple-whammy of weaker PMI surveys".
"That said, the overall performance of the service sector remained weaker than the long-run growth trend", she said.
The services PMI came in at 54.7 at the start of the year compared to 53.9 in December.
The dominant services sector undershot expectations in January, confirming an impression of a slowing wider United Kingdom economy in early 2018.
The pace of growth has slowed sharply since the start of the year, with surveys revealing that the economy has suffered a "triple whammy".
Samuel Tombs, chief United Kingdom economist at Pantheon Macroeconomics, examined the data's relevance to the Bank of England's current interest rate policy stance.
"The composite PMI continues to signal a bullish outlook for GDP growth in the Eurozone", Claus Vistesen, chief eurozone economist at Pantheon Macroeconomics said in an email.
He added that the hit to services sector expansion reflected "waning" growth in demand for businesses and consumer-facing services like hotels and restaurants, while transport and communications also suffered a drop in market appetite for the second month running.
Suchita Dutta, executive director of the Indian Staffing Federation (ISF), said the second half of the fiscal usually sees spike in job numbers in the e-commerce, healthcare and hospitality sector due to festive season.
"[The data] strengthen the case for the Bank to take a lengthy pause before raising interest rates again; we see the next hike coming in August".
That, coupled with the government's plan to increase spending for rural areas and support farmers in its federal budget, could push up inflation and prompt the central bank to raise interest rates sooner-than-expected.
Inventories are reported with a two-month lag, so by the time they have reached the five-year average, OPEC may be late to react. The investment bank said Brent likely will average $75 a barrel over the next three months, up from an earlier forecast of $62.
During an eclipse , the moon will pass to the Earth's shadow which will give it a reddish tint, known as a " blood moon ". The skies over Taiwan tonight (Jan. 31) will be illuminated by the extremely rare trifecta of a super, blue and red moon.
Soon after, Ramadan was accused of making sexual advances on four women who studied under him as teenagers in Geneva. She described the alleged assault in her autobiography but at the time, did not name Ramadan to avoid legal issues.
The device features a 1200mAH battery , which the company claims will give a standby time of 12days on 4G. The pricing of the device will also be unveiled during the mega event, going to be held in Spain.
Preference for boys leads to skewed gender ratio in India due to foeticide, disease, neglect, or inadequate nutrition . Sending a young woman to her new husband with a dowry has been but many families still practice this custom.
I want to share with you a new initiative we're undertaking in partnership with Berkshire Hathaway and JPMorgan Chase. We are going to start to see more and more cutting out the insurers and doing self-insured health plans.
Amazon is offering several interesting features in the United States with Alexa, but in India, the features are pretty limited. Amazon is likely hoping the exposure will help it maintain strong Echo sales and fend off competition from Google and Apple.
Tesla CEO Elon Musk has now confirmed the official date for the inaugural launch of SpaceX's Falcon Heavy . The first Falcon Heavy mission will even use two refurbished boosters from previous Falcon 9 missions.
Navalny himself served three jail sentences of 15 days, 25 days and 20 days for organising unauthorised protests past year . The opposition leader urged Muscovites not to give up. "You are not going there for me, it's for you and your future".
A study published this week in Science found the endangered species may need much more energy to survive than previously believed. Our measures of metabolism were considerably higher than previous estimates of polar bear metabolic rates.
Amazon noted that the fourth quarter earnings includes a tax benefit of roughly $ 789 million due to the change in US tax code. The three companies unveiled a yet-to-be-named company to give their US workers and families a better health insurance option.
The flood of low-skilled immigrants into the USA has suppressed wages, harmed American workers and strained federal resources. President Donald Trump is calling on Senate Republicans to bring his immigration framework to a vote.
It is a situation we need to manage, but all the details will stay inside the club. "We need to stay united after all this". All I can say about the situation is that this is the best decision for Leicester, in the best interests of Leicester.
French meteorologists say the months of December and January were the third wettest ever since records began in 1900. It's enough to worry Joao de Macedo, janitor at a residential building in Paris's upscale 16th Arrondissement.
The military said Saturday's deaths were related to Turkey's operation against Syrian Kurdish-held Afrin, codenamed Olive Branch. Earlier in the day, the Observatory and the media arm of al-Qaida-linked militants reported intense airstrikes in Idlib.
City are 16 points clear at the top before second-placed Manchester United host Huddersfield later on Saturday. Sterling missed a glorious chance to seal the win for the Manchester Cuity but missed from six yards.
Besides athletes, North Korea has also agreed to send hundreds of musicians and entertainers to the games, which end February 25. Later Saturday, North Korean short-track speed skater Jong Kwang Bom practiced at the arena's main ice rink.
The girl was booked into Juvenile Hall on Thursday night on suspicion of negligently discharging a firearm on school grounds. It happened at 08:55 local time (16:55 GMT) on Thursday at Salvador Castro Middle School in the Westlake district.
Pederson has gotten great credit for his almost flawless play calling against the Minnesota Vikings in the NFC Championship game. He's incredibly passionate about his players and putting them in great positions. "He kind of had that stature of a head coach".
Kate and William are not staying with the royals and will instead be hosted in the Residence of the British Ambassador to Sweden. And the mum, who is six months pregnant with her third child , was proudly showing off her baby bump throughout the evening.
For his part, chairman of supervisory Board of Volkswagen , Hans Dieter Pötsch, has distanced himself from experiments. The German government said on Monday that any auto emissions testing on monkeys or people was unjustifiable.
If soap and water are not available, use an alcohol-based hand rub. "Adenovirus is a very common virus", said Dr. DHEC does not release county-by-county figures, so it's unclear if Chesterfield has had any flu deaths.
Citi card members will have access to purchase pre-sale tickets through Citi's Private Pass Program beginning at 10 a.m. The Colonial Life Arena announced Monday that Stapleton's "All-American Road Show" will stop in Columbia on October 25.
The Finnish company had launched the Nokia 7 back in October in China and the phone has not been launched in other markets yet. In addition, it will also come with an 18:9 display and thin bezel design that is seen as a feature on most smartphones now.