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India's factory growth ends 2023 at 18-month low on weaker new orders, output

India's factory growth ends 2023 at 18-month low on weaker new orders, output

Wed, Jan 03, 2024

The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) fell from 56 in November to an 18-month low of 54.9 in December.

Canadian factory PMI hits 3-1/2-year low on 'subdued' demand

Canadian factory PMI hits 3-1/2-year low on 'subdued' demand

Wed, Jan 03, 2024

The input price index was at 54.1, down from 55.6 in November and the output price measure fell to 52.7 from 54.8.

China's December factory activity contracted more than expected

China's December factory activity contracted more than expected

Sun, Dec 31, 2023

The official purchasing managers' index (PMI) fell to 49.0 in December from 49.4 the previous month, below the 50-mark separating growth from contraction and weaker than a median forecast of 49.5 in a Reuters poll.

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Euro zone factory activity stuck in steep downturn

Euro zone factory activity stuck in steep downturn

Mon, Oct 02, 2023

The new orders index did rise last month, to 39.2 from August's 39.0, but it remained firmly below the breakeven mark.

UK PMI survey shows sharpest business slowdown in 7 months

UK PMI survey shows sharpest business slowdown in 7 months

Tue, Sep 05, 2023

The broader composite PMI - which also includes Friday's very weak manufacturing PMI - dropped to 48.6 from 50.8, again the lowest since January but revised up from an estimate of 47.9 for August, which was the lowest since January 2021.

China's August factory activity picks up unexpectedly: Report

China's August factory activity picks up unexpectedly: Report

Fri, Sep 01, 2023

China's factory activity surprisingly returned to expansion in August, a private-sector survey showed on Friday, with supply, domestic demand and employment improving, suggesting official efforts to revive growth might be having some effect.

Japan's service activity growth softens in July - PMI

Japan's service activity growth softens in July - PMI

Thu, Aug 03, 2023

Japan's service sector activity expanded at a slightly slower pace in July as new business growth eased and cost pressures remained high.

India's manufacturing sector activity eases for 2nd straight month in July: PMI

India's manufacturing sector activity eases for 2nd straight month in July: PMI

Tue, Aug 01, 2023

Manufacturing sector activities in India moderated for the second straight month in July as rates of expansion in output and new orders eased slightly, a monthly survey said on Tuesday.

India better placed on growth-inflation-external balance triangle: FinMin report

India better placed on growth-inflation-external balance triangle: FinMin report

Fri, Aug 19, 2022

On the price situation, the review said in absence of any further shocks, the downward movement of global commodity prices along with the RBI's monetary measures and the government's fiscal policies are expected to cap inflationary pressures in the coming months

What alternate measures RBI could take if Rupee continues to be under pressure? LIC Mutual Fund's Rahul Singh explains

What alternate measures RBI could take if Rupee continues to be under pressure? LIC Mutual Fund's Rahul Singh explains

Tue, Aug 02, 2022

The RBI may also be positive on their growth numbers and would at least maintain (if not revise upwards) the numbers projected in the last policy. GST numbers, credit growth and PMI numbers have been encouraging.

India May services PMI growth at 11-year high at 58.9; input inflation at record highs

India May services PMI growth at 11-year high at 58.9; input inflation at record highs

Fri, Jun 03, 2022

India's dominant services sector expanded at the fastest pace in 11 years in May on strong demand, although inflationary pressures touched new highs, restricting optimism and weighing on consumers` pocketbooks, a private survey showed

India's Sep services output rate eases, still in expansionary mode: PMI

India's Sep services output rate eases, still in expansionary mode: PMI

Tue, Oct 05, 2021

"Companies indicated that greater footfall boosted sales and output in the latest month, with some taking on additional staff to cope with rising workloads," the PMI report said.

IHS Markit India Manufacturing PMI report: At 56.3, Indian manufacturing sector continues expansion in November

IHS Markit India Manufacturing PMI report: At 56.3, Indian manufacturing sector continues expansion in November

Tue, Dec 01, 2020

The Indian manufacturing sector has continued its sharp rate of expansion, albeit some loss in momentum in November, according to IHS Markit India Manufacturing PMI report released on Tuesday

June manufacturing PMI records fastest growth in 2018 so far

June manufacturing PMI records fastest growth in 2018 so far

Mon, Jul 02, 2018

This is the 11th consecutive month that the manufacturing PMI remained above the 50-point mark. In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction. "India's manufacturing economy closed the quarter on a solid footing against a backdrop of robust demand conditions, highlighted by the sharpest gains in output and new orders since last December," said Aashna Dodhia, Economist at IHS Markit and author of the report.

Services PMI falls to 6-month low of 47.8 in February

Services PMI falls to 6-month low of 47.8 in February

Mon, Mar 05, 2018

The Indian services sector contracted in February and fell to a six-month low, as new work orders suffered amid weak underlying demand conditions, says a monthly survey. The seasonally adjusted Nikkei India Services Business Activity Index fell from 51.7 in January to 47.8 in February, its lowest

China's service sector grows at fastest pace in nearly six years in January

China's service sector grows at fastest pace in nearly six years in January

Mon, Feb 05, 2018

China`s services sector got off to a flying start this year, expanding at its fastest pace in almost six years, as new orders surged and companies rushed to hire more staff, a private survey showed on Monday.

India's December Nikkei manufacturing PMI rises to 54.7

India's December Nikkei manufacturing PMI rises to 54.7

Tue, Jan 02, 2018

Key highlights:

Euro zone businesses to start 2018 on near seven-year high

Euro zone businesses to start 2018 on near seven-year high

Thu, Dec 14, 2017

Businesses across the euro zone are ending 2017 on a near seven-year high, with demand and price pressures picking up and forward-looking indicators pointing to a busy start to 2018.

PMI rises to 13-month high of 52.6 in November

PMI rises to 13-month high of 52.6 in November

Fri, Dec 01, 2017

India's November PMI data is at a 13-month high. Roll-out of GST along with ‘higher order volumes’ led to PMI expansion.

Business conditions in India stagnated in October as manufacturing PMI drops, Nikkei says

Business conditions in India stagnated in October as manufacturing PMI drops, Nikkei says

Wed, Nov 01, 2017

“On the bright side, the labour market continued to improve, with manufacturers further increasing their staffing levels, and at a pace similar to September’s 59-month high. Business confidence eased to the weakest since February as some firms expressed concerns over negative GST effects. However, those manufacturers that were optimistic forecasted benefits of GST materialising over the next 12 months," Dodhia said.

India's manufacturing PMI remains unchanged at 51.2 in Sept; IHS downgrades GDP forecast

India's manufacturing PMI remains unchanged at 51.2 in Sept; IHS downgrades GDP forecast

Tue, Oct 03, 2017

IHS Markit downgraded its real GDP growth forecast to 6.8% for fiscal year 2017/18 as the lingering effects of recent economic shocks continue to cast a shadow on economic growth.

Nikkei's India Services PMI at 51.2 points in August

Nikkei's India Services PMI at 51.2 points in August

Fri, Sep 01, 2017

Order book volumes increased in August, after having posted the worst performance since early- 2009 during July, stated Nikkei.

Services PMI declines at its quickest pace in four years, Nikkei says

Services PMI declines at its quickest pace in four years, Nikkei says

Thu, Aug 03, 2017

Key Highlights: Output and new orders fall for first time since January... ...and at fastest rates for almost four years Charge inflation at 53-month peak

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