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

India’s services sector activity growth slips to 12-month low

According to Nikkei India Services Purchasers manager Index(PMI) ,services sector activity has slowed down to 50.2 in May,2019 from 51.0 in April,2019. This slowdown has happened due to disruptions arising from the elections in the month of May which had affected the growth of new work intake. However,the index has said that the slowdown may… Continue reading India’s services sector activity growth slips to 12-month low

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

Manufacturing PMI at 6-month low

According to Nikkei India Manufacturing Purchasing Managers’ Index (PMI) data,manufacturing activity has slowed to a six-month low of 52.6 in March due to lower levels of new orders and production. PMI or a Purchasing Managers’ Index (PMI) is an indicator of business activity — both in the manufacturing and services sectors.It is a survey-based measures… Continue reading Manufacturing PMI at 6-month low

Manufacturing PMI at a 14-month high of 54.3 in Feb

According to Nikkei India Services Purchasing Managers’ Index (PMI) data, new work orders,especially international ones,helped propel manufacturing sector activity to a 14-month high of 54.3 after two straight months of contraction. PMI or a Purchasing Managers’ Index (PMI) is an indicator of business activity — both in the manufacturing and services sectors. It is a… Continue reading Manufacturing PMI at a 14-month high of 54.3 in Feb