Factory activity falls again as rising costs and weak demand hit manufacturers
1 month, 3 weeks ago

Factory activity falls again as rising costs and weak demand hit manufacturers

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Business optimism consequently remains close to December's two-year low, while input price inflation has spiked to a two-year high Rob Dobson, S&P Global Market Intelligence New orders and jobs continued to fall across the board, as firms warned that a weak economic outlook in the UK was hitting small factories hardest. Rob Dobson, director at S&P Global Market Intelligence, which carried out the survey, said while the rising costs were hitting small producers hardest, big companies “fared better, seeing output and new orders recover during January”. “Business optimism consequently remains close to December’s two-year low, while input price inflation has spiked to a two-year high,” he added.

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History of this topic

UK services job cuts intensify before employment tax hike, PMI survey shows
Trending News
2 weeks, 6 days ago

UK services job cuts intensify before employment tax hike, PMI survey shows

Live Mint  

By Suban Abdulla LONDON, March 5 - British services firms in February cut staff at the fastest pace since 2020 ahead of tax and minimum-wage hikes that come into effect next month, an industry survey showed on Wednesday. "Less upbeat business expectations and another month of sharply rising input prices led to net job shedding across the service economy in …

Manufacturing industry witnesses 14-month low of 56.3 in Feb. from 57.7 in Jan.
3 weeks, 1 day ago

Manufacturing industry witnesses 14-month low of 56.3 in Feb. from 57.7 in Jan.

Deccan Chronicle  

New Delhi: After a strong start in 2025, Indian manufacturers witnessed a 14-month low of 56.3 in February from 57.7 in January due to decline in new orders and production momentum in the month. The survey conducted by the seasonally-adjusted HSBC India Manufacturing Purchasing Managers’ Index or PMI said that although softer than January’s near 14-year high, the pace of …

UK factories cut jobs at fastest pace since 2020 Covid crisis but raise hopes rises for pick-up in economy
3 weeks, 1 day ago

UK factories cut jobs at fastest pace since 2020 Covid crisis but raise hopes rises for pick-up in economy

Firstpost  

The S&P Global Purchasing Managers’ Index for UK manufacturing remained below the 50.0 threshold that divides growth from contraction for a fifth month in a row, sinking to a 14-month low of 46.9 in February. British factories reduced their workforce at the fastest rate in nearly five years last month, as the government’s payroll tax hike began to increase costs …

Manufacturing PMI: Q4 is a litmus test, but no fireworks so far
3 weeks, 1 day ago

Manufacturing PMI: Q4 is a litmus test, but no fireworks so far

Live Mint  

To meet the National Statistical Office’s ambitious goal of 6.5% growth in India’s FY25 gross domestic product, the economy needs to pick up a significant pace in the March quarter. We see downside risk with Q4FY25 GDP growth is expected to be closer to 6.8%," said IDFC First Bank's 28 February report. On the monetary policy front, wide-held expectations are …

Manufacturing PMI slides to 56.3 in February on 14-month slowdown in sales growth
3 weeks, 1 day ago

Manufacturing PMI slides to 56.3 in February on 14-month slowdown in sales growth

The Hindu  

India’s private sector manufacturing activity, as measured by the HSBC Manufacturing Purchasing Managers Index, slowed to 56.3 on sales growing the slowest in more than a year in February 2025, according to a statement from HSBC. “Robust global demand continued to boost growth in the Indian manufacturing sector, which increased its purchasing activity and employment. Although output growth slowed to …

Car production falls amid ‘perfect storm’ for industry
3 weeks, 6 days ago

Car production falls amid ‘perfect storm’ for industry

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Car production has fallen amid …

UK businesses cutting jobs at fastest rate since 2020
1 month ago

UK businesses cutting jobs at fastest rate since 2020

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy UK businesses have been slashing …

Factory activity improved to six-month high in January
1 month, 3 weeks ago

Factory activity improved to six-month high in January

The Hindu  

India’s private sector manufacturing activity rebounded to a six-month high in January after hitting a one-year low in December, thanks to exports recording their best month in almost 14 years even as factory order books expanded at the fastest pace since July 2024, as per a private index based on a survey of 400-odd firms. The seasonally adjusted HSBC India …

UK faces ‘stagflation’ warning amid rising costs and faltering growth
2 months ago

UK faces ‘stagflation’ warning amid rising costs and faltering growth

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK’s private sector grew …

Private sector activity slides to a 14-month low in January: PMI
2 months ago

Private sector activity slides to a 14-month low in January: PMI

The Hindu  

In a sobering first indicator about India’s economy in 2025, private sector activity appears to have hit the brakes in January with output and growth levels sliding to a 14-month low, as per the survey-based HSBC Flash Purchasing Managers’ Indices. With the rise in new business intakes receding, aggregate output increased at the weakest pace since November 2023,” said S&P …

Growth in UK construction sector slows to six-month low as housebuilding drags
2 months, 2 weeks ago

Growth in UK construction sector slows to six-month low as housebuilding drags

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Growth across the UK’s construction …

India's services sector ended 2024 on a strong footing, PMI shows
Trending News
2 months, 2 weeks ago

India's services sector ended 2024 on a strong footing, PMI shows

Deccan Chronicle  

India's dominant services sector ended 2024 on a high note as sustained demand boosted activity to a four-month high and led to strong hiring in December, while inflationary pressures eased, a survey showed.The HSBC final India Services Purchasing Managers' Index, compiled by S&P Global, rose to 59.3 in December from 58.4 in November, its highest since August but lower than …

India's manufacturing activity grew at its weakest pace in 2024
2 months, 3 weeks ago

India's manufacturing activity grew at its weakest pace in 2024

Deccan Chronicle  

New Delhi: Despite easing cost pressures and strong job growth, India's manufacturing activity grew at its weakest pace for the year 2024, falling to a 12-month low in December this year as new business orders and production expanded at softer rates. “The ongoing improvements in new work intakes prompted manufacturing companies in India to purchase additional inputs for use in …

Manufacturing industry shrinks at fastest rate in 11 months in ‘winter chill’
2 months, 3 weeks ago

Manufacturing industry shrinks at fastest rate in 11 months in ‘winter chill’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy British factory output contracted at …

India’s manufacturing sector showed robust job creation, December PMI at 56.4
2 months, 3 weeks ago

India’s manufacturing sector showed robust job creation, December PMI at 56.4

Live Mint  

New Delhi, January 2 : India's manufacturing sector showcased continued resilience in December 2024, with employment rising for the tenth consecutive month and reaching its fastest pace of job creation in four months, according to HSBC India Manufacturing Purchasing Managers' Index. India's manufacturing sector ended 2024 on a softer note as the PMI for December fell to 56.4, marking the …

Factory activity levels hit a 12-month low in December
2 months, 3 weeks ago

Factory activity levels hit a 12-month low in December

The Hindu  

Hopes of a recovery in the manufacturing sector took a fresh hit as factory activity levels in India’s private sector stumbled to a 12-month low in December from an already weak November performance, with both new orders and output levels slipping to the lowest through 2024, as per a private survey-based index. Manufacturing activity expansion, which had slipped a joint-11-month …

India's economy ends 2024 with solid momentum as business growth hits 4-month high, PMI shows
3 months, 1 week ago

India's economy ends 2024 with solid momentum as business growth hits 4-month high, PMI shows

The Hindu  

India's private sector output grew at the fastest pace in four months, preliminary readings from a survey showed, helping the economy end 2024 on a positive note underpinned by sturdier demand in services and manufacturing and record jobs growth. Asia's third-largest economy grew a softer 5.4% last quarter, but easing inflation is expected to spur demand among private sector firms, …

PPI shows modest recovery last month
3 months, 2 weeks ago

PPI shows modest recovery last month

China Daily  

Shoppers buy vegetables at a supermarket in Lianyungang, Jiangsu province. Going forward, bolder-than-expected interest rate cuts may consolidate the fledgling demand recovery while a near-term cut in banks' reserve requirement ratio is likely, analysts said, as a top-level meeting called for "moderately loose" monetary policy for the first time since the 2007-09 global financial crisis. China's producer price index — …

Business confidence slides to almost two-year low after Budget
3 months, 2 weeks ago

Business confidence slides to almost two-year low after Budget

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The latest business trends report by accounting and advisory …

PMI: Consumption fatigue hits manufacturers
3 months, 3 weeks ago

PMI: Consumption fatigue hits manufacturers

Live Mint  

Manufacturing activity has slowed amid worries that India’s consumption story is fizzling out. India Inc’s Q2FY25 results also mirrored this pain, with corporates pointing out stress in urban consumption due to weak real incomes and rural demand yet to recover. The Q2 manufacturing weakness is unlikely to reverse fully in H2FY25 amid increased global uncertainty, said a Standard Chartered Global …

Private sector output shrinks for first time in more than a year
4 months ago

Private sector output shrinks for first time in more than a year

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Activity across the UK’s private …

UK firms report first contraction in output since 2023, PMI shows
4 months ago

UK firms report first contraction in output since 2023, PMI shows

Hindustan Times  

By William Schomberg UK firms report first contraction in output since 2023, PMI shows LONDON, - British business output shrank for the first time in more than a year and tax increases in the new government's first budget hit hiring and investment plans, a survey showed, a fresh setback for Prime Minister Keir Starmer's push for economic growth. The preliminary …

Growth in UK construction sector slows amid housebuilding decline
4 months, 2 weeks ago

Growth in UK construction sector slows amid housebuilding decline

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Survey respondents reported that the pipeline of new work …

UK factory activity shrinks for first time since April
4 months, 3 weeks ago

UK factory activity shrinks for first time since April

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Activity in the UK’s manufacturing …

Purchasing Managers’ Index (PMI): Manufacturing activity at 3-month low in August
6 months, 3 weeks ago

Purchasing Managers’ Index (PMI): Manufacturing activity at 3-month low in August

The Hindu  

Manufacturing activity dropped to a three-month low in August, with new factory orders growing at the slowest pace in seven months and export orders clocking their weakest rise in 2024, even as inflation and competitive pressures dragged producers’ optimism to the worst level since April 2023, as per a private survey-based index. On the bright side, the inflation in manufacturing …

Services PMI signals mild dip in July; output prices raised at fastest pace in 7 years
7 months, 2 weeks ago

Services PMI signals mild dip in July; output prices raised at fastest pace in 7 years

The Hindu  

Services sector activity remained robust in July, with international sales growing at the third-fastest pace in almost ten years, even as rising input costs compelled firms to raise prices at a seven-year high rate, as per the HSBC India Services Purchasing Managers’ Index that eased marginally from 60.5 in June to 60.3 last month. Overall private sector activity, factoring in …

​Election overhang: The Hindu Editorial on economic activity
7 months, 3 weeks ago

​Election overhang: The Hindu Editorial on economic activity

The Hindu  

Production in India’s eight core infrastructure sectors remained largely dampened by the impact of a slowdown in state spending on public works in June, when the general election ended in the early part of the month leading to the formation of a new government at the Centre. Provisional data on the Index of Eight Core Industries released by the Commerce …

PMI signals factory activity eased a tad in July; price pressures mount
7 months, 3 weeks ago

PMI signals factory activity eased a tad in July; price pressures mount

The Hindu  

Growth in new orders and output eased slightly at Indian factories during July, even as firms raised selling prices at the highest pace in almost 11 years amid a significant spike in input costs that accelerated at a two-year high rate, as per the HSBC India Manufacturing Purchasing Managers’ Index. “The continuous increase in the output price index, driven by …

Surveys show Chinese economy growing but at modest pace
8 months, 3 weeks ago

Surveys show Chinese economy growing but at modest pace

Associated Press  

BANGKOK — Surveys of Chinese factory managers showed a mixed outlook for the world’s second-largest economy in June, with growth steady but not picking up much steam. “From the perspective of output, China’s economy is maintaining expansion, but the momentum of recovery still needs to be consolidated,” the official Xinhua News Agency cited Zhao Qinghe, senior statistician for the National …

Surveys show Chinese economy growing but at modest pace
8 months, 3 weeks ago

Surveys show Chinese economy growing but at modest pace

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Surveys of Chinese factory managers …

India’s April manufacturing PMI sees second-best improvement in operating conditions in three-and-a-half years
10 months, 3 weeks ago

India’s April manufacturing PMI sees second-best improvement in operating conditions in three-and-a-half years

The Hindu  

India’s manufacturing sector activity moderated slightly in April, but still witnessed the second-best improvement in operating conditions in three-and-a-half years, as per the seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index™ which fell to 58.8 from the 16-year high of 59.1 recorded in March. Even though input costs increased, producers ramped up input purchases to the highest level since last …

March manufacturing PMI survey signals a 16-year peak
11 months, 3 weeks ago

March manufacturing PMI survey signals a 16-year peak

The Hindu  

India’s manufacturing sector activity surged in March with new orders and output levels rising at the fastest pace since October 2020, lifting the HSBC India Manufacturing Purchasing Managers Index to a 16-year high of 59.1 from 56.9 in the previous month. Export orders also grew at the fastest pace since May 2022, and though pressures on current capacity remained mild …

PMI uptick another positive sign: China Daily editorial
11 months, 3 weeks ago

PMI uptick another positive sign: China Daily editorial

China Daily  

A staff member assembles a planter at the workshop of an agricultural machinery manufacturing enterprise in Jiamusi, Northeast China's Heilongjiang province on March 12. There was more good news for the Chinese economy as the manufacturing purchasing managers' index reached 50.8 percent in March, up 1.7 percentage points from February. It is an encouraging sign that all three major manufacturing …

India’s manufacturing PMI inched up to 56.9 in February
1 year ago

India’s manufacturing PMI inched up to 56.9 in February

The Hindu  

India’s manufacturing sector continued its recovery in February from an 18-month low in December, with production levels and sales rising at the fastest pace in five months, as per the seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index. New export orders grew at the highest pace in 21 months, but employment levels changed little as firms felt existing staff strengths …

China’s manufacturing activity contracts for 5th straight month despite policy support
1 year ago

China’s manufacturing activity contracts for 5th straight month despite policy support

Associated Press  

HONG KONG — Manufacturing in China contracted for a fifth consecutive month in February, according to an official survey of factory managers released Friday, reflecting persistent weakness in the economy ahead of annual legislative meetings where officials are expected to boost policy support. February’s reading comes in spite of Beijing’s recent measures to shore up the economy, including reducing a …

Varying manufacturing recovery casts shadow on global growth
1 year ago

Varying manufacturing recovery casts shadow on global growth

China Daily  

A worker produces garment fabrics at a weaving workshop in Nantong, Jiangsu province, on Jan 24, 2024. Statistics from the China Federation of Logistics and Purchasing show that Asia's manufacturing purchasing managers' index rose above 50 percent again in January, and China's manufacturing PMI in particular rose 0.2 percentage points in January from the previous month. Although the manufacturing industry …

UK expected to leave recession as private sector grows at nine-month high
1 year, 1 month ago

UK expected to leave recession as private sector grows at nine-month high

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK’s private sector has …

India's manufacturing sector growth climbs to four-month high in January on sharper upturn in new orders: HSBC PMI
1 year, 1 month ago

India's manufacturing sector growth climbs to four-month high in January on sharper upturn in new orders: HSBC PMI

The Hindu  

“India’s manufacturing sector growth climbed to a four-month high in January as a sharper upturn in new orders boosted output growth amid mild cost inflation,” a monthly survey said on February 1. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index recovered from an 18-month low of 54.9 in December to 56.5 in January. According to the survey, new orders …

India’s Manufacturing Sector Growth Marks 18-Month Low At 54.9 In Dec
1 year, 2 months ago

India’s Manufacturing Sector Growth Marks 18-Month Low At 54.9 In Dec

ABP News  

India’s manufacturing sector logged a decline as the sector’s growth declined to an 18-month low of 54.9 in December owing to a muted increase in factory orders and output, despite minimal inflation, the monthly survey conducted by S&P Global revealed on Wednesday. The HSBC India Manufacturing PMI survey, conducted by the rating agency S&P Global, found that factory orders and …

India’s manufacturing sector growth dips to 18-month low in December on softer rise in output
1 year, 2 months ago

India’s manufacturing sector growth dips to 18-month low in December on softer rise in output

Firstpost  

India’s manufacturing sector growth fell to an 18-month low in December amid softer increase in factory orders and output, despite minimal inflation, a monthly survey said on Wednesday. The HSBC India Manufacturing PMI survey, conducted by S&P Global, showed that there were softer, albeit sharp, increase in factory orders and output, while business confidence towards the year-ahead outlook strengthened. The …

Services growth slips, drags private sector activity to a one-year low in November
1 year, 3 months ago

Services growth slips, drags private sector activity to a one-year low in November

The Hindu  

The momentum in India’s services sector faltered to a one-year low in November, as per the seasonally adjusted S&P Global India Services Business Activity Index which slid to 56.9 from 58.4 in October, with widespread slowdowns in growth rates for new orders and output. Taken together with the manufacturing Purchasing Managers’ Index for November released earlier, last month marked the …

UK car production increases again
1 year, 3 months ago

UK car production increases again

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Car production in the UK …

Construction sector dips again in second-worst month since 2020
1 year, 4 months ago

Construction sector dips again in second-worst month since 2020

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. It was a small rise from the 45.0 points …

UK services firms ‘skirt with recession’ as activity slows for third month
1 year, 4 months ago

UK services firms ‘skirt with recession’ as activity slows for third month

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK’s services sector saw …

UK factory production sees longest downturn since 2008 financial crisis
1 year, 4 months ago

UK factory production sees longest downturn since 2008 financial crisis

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy UK factory production has seen …

Manufacturing PMI eased to 5-month low in September
1 year, 5 months ago

Manufacturing PMI eased to 5-month low in September

The Hindu  

India’s manufacturing sector activity moderated to a five-month low in September with new orders slowing down, as per the seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index, which eased to 57.5 from 58.6 in August. While inflation in input costs eased to the lowest in over three years, firms raised output charges at a sharper pace than the long-run …

Recession ‘more likely’ as key gauge misses expectations
1 year, 6 months ago

Recession ‘more likely’ as key gauge misses expectations

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A key gauge of the UK’s economic strength suggests the …

UK services sector shrinks for first time since January as demand wanes
1 year, 6 months ago

UK services sector shrinks for first time since January as demand wanes

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK services sector contracted …

India's Manufacturing PMI Jumps to 58.6 in August, Hits 3-Month High
1 year, 6 months ago

India's Manufacturing PMI Jumps to 58.6 in August, Hits 3-Month High

News 18  

India’s factory growth accelerated at the fastest pace in three months in August, driven by strong growth in new orders and output, according to a private survey that however also showed job creation was at a four-month low. The Manufacturing Purchasing Managers’ Index, compiled by S&P Global, jumped to 58.6 last month from 57.7 in July, the highest since May …

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