PMI signals factory activity eased a tad in July; price pressures mount
4 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 input and labour cost pressure, may signal further inflationary pressure in the economy,” averred HSBC chief India economist Pranjul Bhandari. At the same time, with new orders continuing to show robust growth, goods producers piled up on inputs in July, with a quarter of the surveyed firms reporting higher input stocking than June. “India’s headline manufacturing PMI showed a marginal slowdown in the pace of expansion in July, but with most components remaining at robust levels, the small drop is no cause for concern,” Ms. Bhandari noted.

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

India's Services Sector Growth Stays Strong, Defies Inflation
2 weeks, 6 days ago

India's Services Sector Growth Stays Strong, Defies Inflation

Deccan Chronicle  

New Delhi: The growth in India’s dominant services sector remained strong in November despite the inflationary pressure for over a decade. As per the survey by seasonally adjusted HSBC India Services Business Activity, the India’s services Purchasing Managers’ Index or PMI was down marginally to 58.4 from 58.5 in October as sales increased at a softer pace. Commenting on the …

India’s services sector growth falls marginally in November
2 weeks, 6 days ago

India’s services sector growth falls marginally in November

Live Mint  

New Delhi: India’s services sector growth fell slightly in November from the previous month, owing to a drop in growth of new orders and output, a survey released on Wednesday showed. The HSBC India Services Purchasing Managers’ Index, compiled by S&P Global, fell to 58.4 in November from 58.5 in October, but was higher than the 57.7 figure reported in …

Manufacturing PMI falls to 56.5 in November
3 weeks ago

Manufacturing PMI falls to 56.5 in November

Hindustan Times  

NEW DELHI India’s manufacturing activity, as measured by the HSBC India Manufacturing Purchasing Managers’ Index, came at 56.5 in November, lower than the 57.5 reading in October and the flash PMI reading of 57.3, according to a release by S&P Global on Monday. Manufacturing PMI falls to 56.5 in November To be sure, the reading remained above its long-run average …

India's Manufacturing PMI Slips to 56.5 in November
3 weeks, 1 day ago

India's Manufacturing PMI Slips to 56.5 in November

Deccan Chronicle  

New Delhi: Amid a softer increase in factory orders, India's manufacturing activities slowed in November due to inflationary pressures, yet maintained a strong pace. Restricted by fierce competition as well as the price pressures, growth in India's manufacturing sector slipped to 56.5 in November. However, the final data came in significantly below these estimates.Commenting on the survey, Pranjul Bhandari, chief …

Services sector boosts business activity as manufacturing growth slows in Nov
1 month ago

Services sector boosts business activity as manufacturing growth slows in Nov

Live Mint  

Business activity gained momentum in November, driven by an upswing in the services sector, even as manufacturing activity grew slower than last month, according to an HSBC flash survey released on Friday. Manufacturing slowdown Although slightly lower than the previous month, the HSBC Flash India Manufacturing PMI—a composite index reflecting factory business conditions based on metrics such as new orders, …

Mint Quick Edit | Stock market drop: It isn’t about the economy
1 month, 2 weeks ago

Mint Quick Edit | Stock market drop: It isn’t about the economy

Live Mint  

Even as the Indian stock market tumbles, the economy seems to be humming along, barring sporadic reports of sluggish consumption. Take the purchasing managers’ index reading for October released on Monday. At ₹1.87 trillion, the GST mop-up in October was India’s second-highest monthly figure since the regime’s rollout in 2017. Corporate earnings, though, have shown signs of weakness and equity …

Manufacturing Sector Recovers Strongly in October, with PMI Reaching 57.5
1 month, 2 weeks ago

Manufacturing Sector Recovers Strongly in October, with PMI Reaching 57.5

ABP News  

India's manufacturing sector rebounded in October, with the seasonally adjusted PMI rising to 57.5. The rise was driven by strong demand, increased new orders, and a boost in international sales. The sector's performance was buoyed by strong domestic demand as well as increased international orders. New export orders also grew in October, bouncing back after a sluggish September.

India’s manufacturing activity rises in October driven by growth in new orders
1 month, 2 weeks ago

India’s manufacturing activity rises in October driven by growth in new orders

Live Mint  

India's manufacturing activity rebounded in October, shaking off an eight-month low in September as robust demand fuelled growth in new orders and international sales. Accelerating growth October saw an acceleration in manufacturing output growth, propelled by a faster rise in new orders and international sales, the survey indicated. Rapidly expanding new orders and international sales reflect strong demand growth for …

UK factory activity shrinks for first time since April
1 month, 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 …

China's Manufacturing PMI Recovers to 50.1, Signaling Economic Vitality
1 month, 3 weeks ago

China's Manufacturing PMI Recovers to 50.1, Signaling Economic Vitality

China Daily  

China's economic vitality continues to improve, with the manufacturing PMI reaching a six-month high of 50.1 in October. The sub-index for production rose to 52, while new orders edged up to 50 from 49.9 in September, indicating a recovery in production activity. Prices in the manufacturing sector recovered as the sub-gauge for the main raw material purchase prices jumped from …

Factory activity also cooled in September
2 months, 3 weeks ago

Factory activity also cooled in September

The Hindu  

Activity levels in India’s manufacturing sector mellowed in September, with factory output and sales growing at the slowest pace so far in 2024, and export orders rising at the mildest pace in 18 months, as per the survey-based HSBC India Manufacturing Purchasing Managers’ Index. The seasonally adjusted PMI reading for September slipped to the lowest level since this January at …

Indian businesses grow at slowest pace in nine months, says HSBC Flash PMI
3 months ago

Indian businesses grow at slowest pace in nine months, says HSBC Flash PMI

Live Mint  

New Delhi: India's business activity moderated in September, with output and new orders growing at the slowest pace in nine months, according to the flash survey by HSBC Holdings Plc. The HSBC flash PMI survey, compiled by S&P Global, highlighted strong new business inflows, solid job creation, and optimistic growth expectations. The India Services Purchasing Managers’ Index Business Activity Index …

Domestic demand, easing costs propped up Services in August: PMI
3 months, 2 weeks ago

Domestic demand, easing costs propped up Services in August: PMI

The Hindu  

Business activity in India’s services sector accelerated at a five-month high pace in August, aided by productivity gains, a pullback in cost pressures which eased to a four-year low, and higher domestic demand. The seasonally adjusted HSBC India Services Business Activity Index, based on responses from 400-odd private players, rose to 60.9 in August from 60.3 in July. Overall private …

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

China's service sector sees expansion while production shrinks
3 months, 3 weeks ago

China's service sector sees expansion while production shrinks

China Daily  

Staff members work at a factory of Chint Group in Shanghai in May. China's factory activity shrank for the fourth consecutive month this August, while the service sector has expanded at a faster pace, official data showed on Saturday. Data from the National Bureau of Statistics showed that China's official purchasing managers index for the manufacturing sector came in at …

Flash PMI signals slight dip in private sector activity this month
4 months ago

Flash PMI signals slight dip in private sector activity this month

The Hindu  

Manufacturing output growth softens; outstanding business volumes drop for first time in 11 months Private sector activity levels likely eased for the second successive month this August, with new factory orders rising at the slowest pace since February and goods prices being raised at the highest rate in 11 years, as per initial indicators from a private survey of purchasing …

India’s economic activity slipped slightly in August, PMI shows
4 months ago

India’s economic activity slipped slightly in August, PMI shows

Hindustan Times  

India’s economic activity slipped slightly in August as new order growth for the manufacturing sector slowed, a flash survey by HSBC Holdings Plc showed. India’s economic activity slipped in August as manufacturing new order growth slowed, HSBC survey showed. The manufacturing purchasing managers’ index dropped to a three-month low of 57.9 from 58.1 in July, while the services purchasing managers’ …

Services PMI signals mild dip in July; output prices raised at fastest pace in 7 years
4 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
4 months, 2 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 …

India's Business Growth Surges in June: PMI Report
6 months ago

India's Business Growth Surges in June: PMI Report

Deccan Chronicle  

New Delhi: Regaining the momentum in June with business activity picking up at a quicker pace, Indian businesses, both in the manufacturing and services sectors, expanded at a faster pace in the month of June than the previous month. According to the survey carried out by the global banker HSBC Flash India PMI, the headline flash composite Purchasing Managers’ Index …

India’s Business Activity Hits 14-Year High in May
7 months ago

India’s Business Activity Hits 14-Year High in May

Deccan Chronicle  

New Delhi: With the significant growth in the services sector, India's business activity witnessed a robust expansion in May this year, recording the third strongest reading in close to 14 years. “The flash services PMI index hit a 4-month high of 61.4 this month, up from April's 60.8, while the preliminary manufacturing PMI showed a tad weaker growth than last …

India's Manufacturing Sector PMI Shoots Up To Second Best High In 3.5 Years
7 months, 3 weeks ago

India's Manufacturing Sector PMI Shoots Up To Second Best High In 3.5 Years

Deccan Chronicle  

The growth in India's manufacturing sector moderated slightly in April but remained robust, witnessing the second-best improvement in operating conditions in three-and-a-half years. Despite falling from 59.1 in March to 58.8 in April, the seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index or PMI signalled a significant improvement in demand for the health of the sector, prompting firms to ramp …

India’s April manufacturing PMI sees second-best improvement in operating conditions in three-and-a-half years
7 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 …

Services activity hit 13.5 year high in March: HSBC PMI
8 months, 2 weeks ago

Services activity hit 13.5 year high in March: HSBC PMI

The Hindu  

Sales and business activity in India’s Services sectors clocked their biggest expansion in over 13 and a half years in March, bolstered by a record uptick in export orders, as per the HSBC India Services Purchasing Managers’ Index which rose to 61.2 to 60.6 in February. Barring real estate and business services, input costs and output charges rose at a …

March manufacturing PMI survey signals a 16-year peak
8 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
8 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 …

China's manufacturing activity expands in March after a 5-month lull
8 months, 3 weeks ago

China's manufacturing activity expands in March after a 5-month lull

The Hindu  

Manufacturing in China expanded in March after contracting for five consecutive months, according to an official survey of factory managers released on March 31, suggesting a rebound in industrial activities following the Lunar New Year holiday. China’s National Bureau of Statistics senior statistician Zhao Qinghe said the market became more active as companies resumed and sped up production after the …

China’s manufacturing activity expands in March after a 5-month lull
8 months, 3 weeks ago

China’s manufacturing activity expands in March after a 5-month lull

Associated Press  

BEIJING — Manufacturing in China expanded in March after contracting for five consecutive months, according to an official survey of factory managers released Sunday, suggesting a rebound in industrial activities following the Lunar New Year holiday. National Bureau of Statistics senior statistician Zhao Qinghe said the market became more active as companies resumed and sped up production after the Lunar …

Services PMI eases to 60.6, consumer inflation hits 2-year low in February
9 months, 2 weeks ago

Services PMI eases to 60.6, consumer inflation hits 2-year low in February

Hindustan Times  

Activity in India's services sector continued to accelerate in February, albeit at a slightly slower pace, according to a business survey that also showed inflationary pressures were cooling. The HSBC India Services Purchasing Managers' Index, compiled by S&P Global, fell to 60.6 last month from January's six-month high of 61.8 and confounding a preliminary reading for a rise to 62.0. …

India’s manufacturing PMI inched up to 56.9 in February
9 months, 3 weeks 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
9 months, 3 weeks 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 …

India's January services PMI hits 6-month high amid strongest upturn in new business since mid-2023
10 months, 2 weeks ago

India's January services PMI hits 6-month high amid strongest upturn in new business since mid-2023

The Hindu  

The services sector growth in India rose to a six-month high in January as new business expanded at a faster pace amid buoyant demand from domestic and external clients, a monthly survey said on Monday. The seasonally adjusted HSBC India Services PMI Business Activity Index rose to 61.8 in January, up from 59 in December, pointing to the sharpest rate …

India's manufacturing sector growth climbs to four-month high in January on sharper upturn in new orders: HSBC PMI
10 months, 3 weeks 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 …

Indian economy gains momentum in January: HSBC
11 months ago

Indian economy gains momentum in January: HSBC

Live Mint  

New Delhi: The Indian economy made a robust start to the new year, with private sector business activity expanding at the fastest pace in four months in January driven by strong demand. “The economy grew at a faster pace in January, led by stronger manufacturing output, as well as more robust business services activity," said Pranjul Bhandari, chief India Economist …

India’s Manufacturing Sector Growth Marks 18-Month Low At 54.9 In Dec
11 months, 3 weeks 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
11 months, 3 weeks 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 …

Manufacturing activity hit 18-month low in December: HSBC PMI
11 months, 3 weeks ago

Manufacturing activity hit 18-month low in December: HSBC PMI

The Hindu  

India’s manufacturing activity slipped to an 18-month low in December 2023, as per the HSBC India Manufacturing Purchasing Managers’ Index, whose reading for the month stood at 54.9 compared to 56 in November. Input costs rose at the second-slowest rate in nearly three-and-a-half years, while inflation in output charges paid by buyers softened to a nine-month low, as per 400-odd …

Services sector activity hits 1-year low in November on slow demand, output
1 year ago

Services sector activity hits 1-year low in November on slow demand, output

Live Mint  

India’s service sector activity in November slowed to the lowest levels over the previous 12 months, according to a private survey released on Tuesday, owing to slowing growth for both new orders and output across key services. “Despite falling from 58.4 in October to a one-year low of 56.9 in November, the seasonally adjusted S&P Global India Services Business Activity …

India's Manufacturing PMI In October Slips To 55.5 On Weak Demand, Lowest In Eight Months
1 year, 1 month ago

India's Manufacturing PMI In October Slips To 55.5 On Weak Demand, Lowest In Eight Months

ABP News  

Manufacturing activity in India dropped to its lowest in eight months in October, credit rating agency S&P Global’s survey said this on Wednesday. According to the survey, the Manufacturing Purchasing Managers' Index slipped to 55.5 in October because of competitive pressure and weak demand. Pollyanna De Lima, economics associate director, S&P Global Market Intelligence, said, "The survey's new orders index …

Services PMI signals September boost
1 year, 2 months ago

Services PMI signals September boost

The Hindu  

India’s services sector activity gained momentum in September, with new orders rising at the second fastest rate since June 2010, as per the S&P Global India Services Purchasing Managers’ Index, which moved up to 61 from 60.1 in August. Growth in new international orders slowed to a three-month low, yet was one of the quickest since September 2014, S&P Global …

Manufacturing growth cools in Sep; higher rates may keep it lower for longer
1 year, 2 months ago

Manufacturing growth cools in Sep; higher rates may keep it lower for longer

Live Mint  

The seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index was resilient in September, although it did cool down a notch. What is more, the September “PMI reading is in line with some of the more timelier data," wrote Thamashi De Silva, assistant India economist, Capital Economics, in a note on 3 October. “The PMI readings on new export orders …

Manufacturing PMI eased to 5-month low in September
1 year, 2 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 …

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

S&P Global India Manufacturing PMI signals August activity hit nearly three-year high
1 year, 3 months ago

S&P Global India Manufacturing PMI signals August activity hit nearly three-year high

The Hindu  

Manufacturing firms’ order books and output levels expanded at the fastest pace in nearly three years this August, as per the S&P Global India Manufacturing Purchasing Managers’ Index that rose to 58.6 last month from 57.7 in July. Though input costs escalated, firms replenished their inventories at the second highest pace in 18-and-a-half years and restrained from hiking selling prices …

Momentum softens: The Hindu Editorial on S&P Global’s survey
1 year, 5 months ago

Momentum softens: The Hindu Editorial on S&P Global’s survey

The Hindu  

July 07, 2023 12:20 am | Updated 12:39 am IST The latest Purchasing Managers’ Index for India’s manufacturing sector and the Services Business Activity Index for the economy’s broader services sector from S&P Global, posit a softening in momentum in economic activity. Its survey of about 400 manufacturers shows that production growth at major private sector factories eased marginally last …

June PMI signals moderation in manufacturing growth
1 year, 5 months ago

June PMI signals moderation in manufacturing growth

The Hindu  

Manufacturing growth moderated slightly in June, the survey-based S&P Global India Manufacturing Purchasing Managers’ Index signalled, with the index easing to 57.8 in June, from 58.7 in May. Reacting to strong demand and the uptick in output, firms hired more workers, albeit at a “moderate” pace similar to May, even as their overall level of business confidence rose to a …

Manufacturing PMI in May hits 31-month high
1 year, 6 months ago

Manufacturing PMI in May hits 31-month high

Hindustan Times  

New Delhi : India’s manufacturing activity, measured by the Purchasing Managers Index, reached a 31-month high in May, according to the data released by the S&P Global Market Intelligence on Thursday. The seasonally adjusted manufacturing PMI rose from 57.2 in April to 58.7 in May, the highest value since October 2020 The seasonally adjusted manufacturing PMI rose from 57.2 in …

India’s manufacturing PMI hits highest level since October 2020 in May
1 year, 6 months ago

India’s manufacturing PMI hits highest level since October 2020 in May

The Hindu  

The S&P Global India Manufacturing Purchasing Managers’ Index surged to a 31-month high of 58.7 in May, with factory orders rising at the fastest clip since January 2021 and producers accumulating inputs at an unprecedented pace thanks to lower costs. While input costs “remained historically mild”, S&P Global said its survey of about 400 firms that forms the basis of …

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