India’s manufacturing sector growth inches up to 52.5 in July: PMI

According to Nikkei India Manufacturing Purchasing Managers’ Index (PMI) data, manufacturing activity increased to 52.5 in July,2019 from 52.1 in June,2019. PMI has improved as new work orders and output strengthened leading to moderate increase in employment.Apart from this,a key factor that is aiding sentiment among Indian manufacturers is the expectation of further monetary easing.… Continue reading India’s manufacturing sector growth inches up to 52.5 in July: PMI

Manufacturing PMI dips to 52.1

According to Nikkei India Manufacturing Purchasing Managers’ Index (PMI) data,manufacturing activity has stood at 52.1 in June,2019 down from the three-month high of 52.7 in May,2019. The manufacturing activity has slowed down due to lesser number of new orders.But the consumer goods was the key source of growth with the sector registering robust increases in… Continue reading Manufacturing PMI dips to 52.1

Manufacturing sector PMI gains in May

According to Nikkei India Manufacturing Purchasing Managers’ Index (PMI) data,manufacturing activity has improved to 52.7 in May,2019 from 51.8 in April,2019. The PMI improved as companies increased manufacturing output amid strengthening demand conditions leading to further job creation in the sector. PMI or a Purchasing Managers’ Index(PMI) is an indicator of business activity both in… Continue reading Manufacturing sector PMI gains in May

Manufacturing PMI dips to 51.8 in April

According to Nikkei India Manufacturing Purchasing Managers’ Index (PMI) data,manufacturing activity has slowed down to 51.8 in April which is lower than 52.6 in March,2019. The prime reason for the slow growth was disruptions arising from the elections as companies may have adopted a wait-and-see approach on their plans until the public policies become clearer… Continue reading Manufacturing PMI dips to 51.8 in April