India's manufacturing sector activity hits record low in April amid lockdown: PMI
4 years, 8 months ago

India's manufacturing sector activity hits record low in April amid lockdown: PMI

India TV News  

The country's manufacturing sector activity witnessed an unprecedented contraction in April amid national lockdown restrictions, following which new business orders collapsed at a record pace and firms sharply reduced their staff numbers, a monthly survey said on Monday. The headline seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index fell to 27.4 in April, from 51.8 in March, reflecting the sharpest deterioration in business conditions across the sector since data collection began over 15 years ago. "After making it through March relatively unscathed, the Indian manufacturing sector felt the full force of the coronavirus pandemic in April," said Eliot Kerr, Economist at IHS Markit. “Meanwhile, there was evidence of unprecedented supply-side disruption, with input delivery times lengthening to the greatest extent since data collection began in March 2005," Kerr said.

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History of this topic

India's manufacturing activity grew at its weakest pace in 2024
6 days, 18 hours 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 …

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

India's economy ends 2024 with solid momentum as business growth hits 4-month high, PMI shows
3 weeks, 3 days 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, …

PMI signals factory activity eased a tad in July; price pressures mount
5 months, 1 week 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 …

India's Business Growth Surges in June: PMI Report
6 months, 2 weeks 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 …

Modest rebound: On IIP data
7 months, 3 weeks ago

Modest rebound: On IIP data

The Hindu  

India’s factory output growth slowed to 4.9% in March from a downgraded 5.6% uptick in February, despite benevolent base effects from the previous year when the Index of Industrial Production had shrunk 1.9%. Production growth was strongest for capital goods as well as infrastructure and construction goods for the second straight year — not surprising given the ramp up in …

India's Manufacturing Sector PMI Shoots Up To Second Best High In 3.5 Years
8 months 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
8 months, 1 week 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 …

Manufacturing PMI eased to 5-month low in September
1 year, 3 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 hits four-month high in April
1 year, 8 months ago

India's manufacturing PMI hits four-month high in April

Firstpost  

Manufacturing activities in India touched a four-month high in April, through robust new business growth, mild price pressures, better international sales, and improving supply-chain conditions, according to a monthly survey. Companies also benefitted from relatively mild price pressures, better international sales, and improving supply-chain conditions,” Pollyanna De Lima, Economics Associate Director at S&P Global Market Intelligence, said. Looking ahead, Indian …

S&P Global PMI signals Indian manufacturing hit a four-month peak in April
1 year, 8 months ago

S&P Global PMI signals Indian manufacturing hit a four-month peak in April

The Hindu  

For India’s manufacturing sector, new orders and production levels recorded their strongest growth so far in 2023 during April as per the seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index, which rose to 57.2 from 56.4 in March. “Not only did buying levels expand for the 22nd successive month, but also at a sharp rate that was the strongest …

India's Manufacturing PMI In April Hits 4-Month High On Robust Demand
1 year, 8 months ago

India's Manufacturing PMI In April Hits 4-Month High On Robust Demand

News 18  

India’s factory activity expanded at its quickest pace in four months in April, driven by solid growth in new orders and output, a private survey showed on Monday, signalling resilient demand and an encouraging outlook. Besides seeing the strongest inflow of new work in 2023 so far, capacities were expanded through job creation, input buying was lifted.” Both new orders …

India March Manufacturing Activity Hits 3-Month High, But Job Cuts Resume
1 year, 9 months ago

India March Manufacturing Activity Hits 3-Month High, But Job Cuts Resume

News 18  

India’s manufacturing sector expanded at its quickest pace in three months in March on improved output and new orders, although firms shed jobs for the first time in over a year, a private business survey showed on Monday. The Manufacturing Purchasing Managers’ Index compiled by S&P Global increased to 56.4 in March from February’s 55.3, remaining above the 50-mark threshold …

Manufacturing growth strong in February despite weak export front: S&P Global PMI
1 year, 10 months ago

Manufacturing growth strong in February despite weak export front: S&P Global PMI

The Hindu  

In February, India’s manufacturing sector clocked the 20th successive month of output growth and new orders, most of which was driven by the domestic market as growth in export orders hit an 11-month low, as per the Survey-based seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index. Despite robust growth in new orders, job creation in the manufacturing sector, which …

Indian manufacturing ends 2022 on a high: PMI data
2 years ago

Indian manufacturing ends 2022 on a high: PMI data

The Hindu  

India’s manufacturing sector recorded its sharpest uptick in output in 13 months in December 2022, with new orders rising at the fastest pace since February 2021 even though selling prices surged more than input costs for the first time in two and a half years, as per the S&P Global India Manufacturing Purchasing Managers’ Index. With overall demand strong and …

India's manufacturing activities remain strong in October: survey
2 years, 2 months ago

India's manufacturing activities remain strong in October: survey

The Hindu  

Manufacturing activities in India remained robust and price pressures were contained in October as new orders and production rose at a slower but stronger pace, according to a monthly survey released on November 1. “The Indian manufacturing industry again showed signs of resilience in October, with factory orders and production rising strongly despite losing growth momentum,” Pollyanna De Lima, economics …

Services sector growth hit 6-month low in September
2 years, 3 months ago

Services sector growth hit 6-month low in September

The Hindu  

India’s services sector stuttered in September as new business and output growth grew at the slowest pace since March 2022, as per the S&P Global India Services Purchase Managers’ Index which dropped to 54.3 from August’s robust 57.2 level. September marked the 14th successive month of growth in services sector activity, but price pressures, an increasingly competitive environment and ‘unfavourable …

In August, manufacturing output, order books grew at fastest pace since November 2021
2 years, 4 months ago

In August, manufacturing output, order books grew at fastest pace since November 2021

The Hindu  

Indian manufacturers reported the fastest increase in production and new orders this August since November 2021, thanks to higher strengthening demand conditions and a spike in export orders, as per the survey-based S&P Global India Manufacturing Purchasing Managers’ Index. The seasonally adjusted S&P Global India Manufacturing PMI moderated slightly to 56.2 in August from 56.4 in July, signalling the second-strongest …

Manufacturing growth eases to lowest since September 2021: S&P PMI
2 years, 6 months ago

Manufacturing growth eases to lowest since September 2021: S&P PMI

The Hindu  

Inflation pressures dragged India’s manufacturing sector’s growth down to the lowest level in nine months, and dampened business confidence sentiment to a 27-month low in June, as per the S&P Global India Manufacturing Purchasing Managers’ Index which slid to 53.9 from 54.6 in May. The manufacturing sector displayed encouraging resilience on the face of acute price pressures, rising interest rates, …

Joblessness on the rise in India
2 years, 8 months ago

Joblessness on the rise in India

The Hindu  

After many years of refusing to recognise there is a jobs crisis in India, the government of India, faced with relentless data to the contrary, has now resorted to misinformation. As compared to the 8% per annum GDP growth in the period 2004-14, and 7.5 million new non-farm jobs created each year over 2005 to 2012, the number of new …

India's Factory Activity Grows at Slower Pace, PMI Manufacturing Falls to 54 in March
2 years, 9 months ago

India's Factory Activity Grows at Slower Pace, PMI Manufacturing Falls to 54 in March

News 18  

India’s factory activity expanded at a slower pace in March as rising prices meant new orders and output grew at their weakest rate since September, according to a survey released on Monday that also showed optimism at a two-year low. “Manufacturing sector growth in India weakened at the end of fiscal year 2021/22, with companies reporting softer expansions in new …

India's services sector activity slips further in January 2022; business confidence hits 6-month low
2 years, 11 months ago

India's services sector activity slips further in January 2022; business confidence hits 6-month low

Firstpost  

According to survey participants, demand was restricted by the fast spread of the Omicron variant and the reinstatement of curfews in parts of the country New Delhi: India’s services sector activity moderated further in January 2022 as new business rose at a noticeably slower rate amid the escalation of the pandemic, reintroduction of restrictions and inflationary pressures, a monthly survey …

India manufacturing PMI slips in December but still shows strong reading
3 years ago

India manufacturing PMI slips in December but still shows strong reading

Live Mint  

The health of the Indian manufacturing industry improved further in December, with growth of new work and production remaining sharp in spite of losing momentum, as per a report. Data released by the IHS Markit showed Manufacturing Purchasing Managers’ Index at 55.5 in December, though, pointed to a robust improvement in overall operating conditions that was elevated by historical standards. …

Manufacturing PMI signals Nov. output growth at 9-month high
3 years, 1 month ago

Manufacturing PMI signals Nov. output growth at 9-month high

The Hindu  

India’s manufacturing sector recorded the strongest production expansion in nine months in November, with the survey-based IHS Markit India Manufacturing Purchasing Managers’ Index climbing to 57.6, from October’s 55.9. A reading of 50 on the PMI indicates no change in economic activity levels.The November PMI signals the strongest improvement in the health of the manufacturing sector for 10 months, with …

India’s manufacturing sector records highest production growth in November after nine months
3 years, 1 month ago

India’s manufacturing sector records highest production growth in November after nine months

The Hindu  

India’s manufacturing sector recorded the highest production growth in nine months in November, as per the survey-based IHS Markit India Manufacturing Purchasing Managers’ Index, which rose to 57.6 from 55.9 in October. The November PMI signals the strongest improvement in the health of the manufacturing sector for ten months, with factory orders rising for the fifth successive month at the …

India manufacturing PMI hits 10-month high in November
3 years, 1 month ago

India manufacturing PMI hits 10-month high in November

Live Mint  

NEW DELHI: India’s manufacturing activity grew at its fastest pace in 10 months in November, as companies scaled up input buying encouraged by strengthening demand and improving market conditions, which in turn led to the second-quickest accumulation in stocks of purchases since data collection started nearly 17 years ago, a private survey showed. Data released by the IHS Markit showed …

Indian GDP likely boosted in July-Sept as lockdowns lifted: Report
3 years, 1 month ago

Indian GDP likely boosted in July-Sept as lockdowns lifted: Report

India Today  

India's economic recovery likely strengthened in the previous quarter, boosted by services activity that recovered after pandemic-related mobility restrictions were eased, a Reuters poll of economists found. Relative control over new infections, and a large increase in vaccination helped improve services activity," wrote Rahul Bajoria, chief India economist at Barclays. "It is a rough road ahead for the economic recovery, …

Explained: Why India's economy needs a manufacturing push
3 years, 4 months ago

Explained: Why India's economy needs a manufacturing push

India Today  

India’s economy needs a strong manufacturing push as the nation’s dominant services sector struggles to return to normalcy after two deadly waves of the Covid-19 pandemic. Read | Covid-19: India’s services activity in May contracts for 1st time in 8 months SLOW PROGRESS IN MANUFACTURING Even before the pandemic brought the economy to a standstill in 2020, growth in India’s …

IHS Markit's survey says India's manufacturing sector registered the strongest growth in July in the last three months
3 years, 5 months ago

IHS Markit's survey says India's manufacturing sector registered the strongest growth in July in the last three months

Op India  

As per the IHS’s recently released monthly Survey, India’s manufacturing sector witnessed the strongest growth in the manufacturing sector in July in the last three months. Asserting the strongest growth rate, the seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index rose from 48.1 in June to 55.3 in July. Pollyanna De Lima, Economics Associate Director at IHS Markit said, …

India's economy shows signs of recovery as factory activity rises in July
3 years, 5 months ago

India's economy shows signs of recovery as factory activity rises in July

India Today  

India’s economy has shown signs of recovery in July as factory activity rebounded on the back of rising domestic and international demand. IHS Market’s survey confirmed that output rose at a robust pace, with over one-third of companies noting a monthly expansion in production as business rebound and Covid restriction ease. Read | Factory activity shrinks for first time in …

Factory activity shrinks for first time in almost a year amid Covid crisis
3 years, 6 months ago

Factory activity shrinks for first time in almost a year amid Covid crisis

India Today  

India's manufacturing sector activities contracted for the first time in 11 months in June as rising coronavirus cases and strict containment measures adversely impacted demand as well as resulted in job losses, a monthly survey said on Thursday. COVID-19 restrictions also curtailed international demand for Indian goods and new export orders decreased for the first time in ten months. Read …

India’s services sector activities slumps into contraction territory in May: PMI
3 years, 7 months ago

India’s services sector activities slumps into contraction territory in May: PMI

The Hindu  

India’s services sector activities slumped into contraction territory for the first time in eight months, amid renewed decline in new work intakes due to the escalation of the pandemic and the reintroduction of restrictions, a monthly survey said on June 3. The seasonally adjusted India Services Business Activity Index fell to 46.4 in May, down from 54.0 in April, as …

Lockdowns have impacted large and small states alike
3 years, 7 months ago

Lockdowns have impacted large and small states alike

Live Mint  

India’s economy began the month of May with a cloud of uncertainty: by April’s last week, most states had gone under fresh covid-19 lockdowns. The economic cost is now clear across the country, rich and poor states alike, several high-frequency indicators show in the latest monthly update to Mint’s state recovery tracker. Delhi had the poorest economic performance and the …

India's factory activity growth slipped in May as demand fell
3 years, 7 months ago

India's factory activity growth slipped in May as demand fell

India Today  

India's factory activity growth slowed significantly in May as an escalation in coronavirus cases whacked new orders and output while scarcity of raw materials drove up input costs, a private sector survey showed on Tuesday. India has already reported around 28 million coronavirus cases and over 300,000 deaths, leading many states to impose restrictions affecting economic activity. Read | Core …

Indian economy, hit by COVID-19, shrinks by 7.3% in 2020-21
3 years, 7 months ago

Indian economy, hit by COVID-19, shrinks by 7.3% in 2020-21

Associated Press  

NEW DELHI — India’s economy, pummeled by the coronavirus pandemic, contracted by 7.3% in the 2020-21 financial year, just before the country was hit by another catastrophic surge in infections. Daily new cases set global records, spurring many states to announce widespread restrictions and lockdowns. In January, a government survey estimated the economy -- previously one of the fastest growing …

Factory Orders, Production Rise at Slowest Rates in 8 Months in April in India: PMI
3 years, 8 months ago

Factory Orders, Production Rise at Slowest Rates in 8 Months in April in India: PMI

News 18  

India’s manufacturing sector activity was largely flat in April, as rates of growth for new orders and output eased to eight-month lows amid the intensification of the Covid-19 crisis, a monthly survey said on Monday. “The PMI results for April showed a further slowdown in rates of growth for new orders and output, both of which eased to eight-month lows …

Manufacturing PMI improves marginally
3 years, 8 months ago

Manufacturing PMI improves marginally

Live Mint  

Exports saved the day for Indian manufacturing in April, at a time the second pandemic wave continues to destroy domestic demand. Manufacturing activity in April improved a tad as new export orders rose at the fastest pace since October, cancelling out the impact of new domestic factory orders and output falling to eight-month lows. Data released by analytics firm IHS …

India suffers record daily coronavirus deaths as total new cases dip slightly
3 years, 8 months ago

India suffers record daily coronavirus deaths as total new cases dip slightly

ABC  

India has recorded its highest daily death toll since the start of the coronavirus pandemic, with nearly 3,700 people dying in 24 hours. Key points: Ten Indian states and union territories have imposed some form of restrictions The federal government has reportedly been advised to impose a national lockdown The government has been accused of ignoring warnings in early March …

Modi warns of coronavirus ‘storm’ overwhelming India
3 years, 8 months ago

Modi warns of coronavirus ‘storm’ overwhelming India

Al Jazeera  

Prime Minister Narendra Modi says authorities are racing to boost oxygen supplies as Delhi authorities warn of impending shortage. Indian Prime Minister Narendra Modi has said the country faces a coronavirus “storm” overwhelming its health system, as authorities in New Delhi said the Indian capital’s hospitals would start running out of medical oxygen by Wednesday. Modi said the federal government …

What could India Inc's Q4 report card look like? Here's a glimpse
3 years, 8 months ago

What could India Inc's Q4 report card look like? Here's a glimpse

Business Standard  

The March quarter earnings season is just around the corner and expectations are running high that India Inc after two consecutive quarters of solid earnings beats and upgrades will keep up with the trend. As per some experts, Nifty50 could possibly post the highest earnings growth in a decade in a financial year that was marked by turbulent times in …

India's factory activity hits 7-month low as Covid lockdowns return
3 years, 9 months ago

India's factory activity hits 7-month low as Covid lockdowns return

India Today  

India's factory activity grew at its weakest pace in seven months in March as renewed lockdowns to curtail a resurgence in COVID-19 cases dampened domestic demand and output, a private survey showed, forcing firms to cut headcount again. Follow Covid-19 live updates Despite foreign orders growing at a faster pace in March, a sub-index tracking overall demand declined to its …

India exits recession but rapid GDP growth is still a long way off
3 years, 10 months ago

India exits recession but rapid GDP growth is still a long way off

CNN  

New Delhi CNN Business — India’s economy is out of recession but still a long way from returning to rates of growth seen before the pandemic. In a research note on Friday, Shilan Shah, senior economist at Capital Economics, estimated that GDP grew 9.2% in the last quarter of 2020 compared with the previous quarter, “enough to lift it back …

India's manufacturing sector activity strengthens in January
3 years, 11 months ago

India's manufacturing sector activity strengthens in January

The Hindu  

India's manufacturing sector activity strengthened in January as companies scaled up production at the quickest pace in three months in response to faster expansions in total sales and new export orders, a monthly survey said on Monday. The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index rose from 56.4 in December to 57.7 in January, to signal the strongest …

Lockdown in India again? Here's what govt has to say
3 years, 11 months ago

Lockdown in India again? Here's what govt has to say

India TV News  

India has seen a countrywide lockdown in the year 2020, in a bid to contain the coronavirus pandemic. The CLAIM A document being shared on social media claims that the government has ordered a complete lockdown in the country to contain the coronavirus. "In order to contain the novel coronavirus, the government of India has extended the lockdown in the …

India’s services sector loses more steam in December, job cuts resume
4 years ago

India’s services sector loses more steam in December, job cuts resume

Live Mint  

Growth in India's dominant services industry continued to lose momentum in December as a resurgence in coronavirus infections weighed on new business and employment, a private survey showed on Wednesday. The Nikkei/IHS Markit Services Purchasing Managers' Index fell to 52.3 in December from November's 53.7 but held above the 50-mark separating growth from contraction for a third straight month. "A …

India's services sector activity expands at slower rate in December
4 years ago

India's services sector activity expands at slower rate in December

The Hindu  

India's services sector activity expanded at a slower pace in December as rates of growth in sales eased to a three-month low and staff hiring came to a halt amid weak business optimism, a monthly survey said on Wednesday. The seasonally adjusted India Services Business Activity Index fell from 53.7 in November to 52.3 in December. "Although the news that …

2020 Recap: How India survived COVID-19 pandemic - a series of lockdowns, unlocks
4 years ago

2020 Recap: How India survived COVID-19 pandemic - a series of lockdowns, unlocks

India TV News  

The year 2020 began with the fight against coronavirus, and it came with one of the most impactful changes in all our lives - the lockdown. On April 14, Prime Minister Modi announced the extension of nationwide lockdown till May 3 Phase 2 Commonly referred to as Lockdown 2.0, this period came in with a conditional relaxation promised after April …

India to Witness Double-digit Growth in Next Fiscal: Report
4 years ago

India to Witness Double-digit Growth in Next Fiscal: Report

News 18  

New Delhi: Having gone through a rough patch on account of the coronavirus pandemic, the Indian economy is expected to record a double-digit growth at 10 per cent in 2021-22, according to a report. Stronger car sales, rising production of finished steel and diesel consumption, and higher goods and services tax revenue collections indicate that the economy has bounced back …

India to witness double-digit growth in next fiscal: Deloitte report
4 years ago

India to witness double-digit growth in next fiscal: Deloitte report

Live Mint  

Having gone through a rough patch on account of the coronavirus pandemic, the Indian economy is expected to record a double-digit growth at 10% in 2021-22, according to a report. The PMI Manufacturing Index is at its highest since 2008," said the report titled 'Voice of Asia' prepared by Deloitte. Stronger car sales, rising production of finished steel and diesel …

Factory output at eight-month high
4 years ago

Factory output at eight-month high

Live Mint  

India’s factory output expanded for the second straight month in October, signalling the economy is gradually climbing back from disruptions related to the coronavirus pandemic. Positive signs Coming on the base of a 6.6% contraction in October 2019, the 3.6% growth in the IIP in October this year is decidedly modest, and warrants caution in the interpretation of the strength …

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