China services activity hits 7-month high but US trade fears dent optimism, Caixin PMI shows
3 days, 10 hours ago

China services activity hits 7-month high but US trade fears dent optimism, Caixin PMI shows

Hindustan Times  

BEIJING, - China's services activity expanded at the fastest pace in seven months in December, driven by a surge in domestic demand, but orders from abroad declined, reflecting growing trade risks to the economy, a private sector survey showed on Monday. China services activity hits 7-month high but US trade fears dent optimism, Caixin PMI shows The Caixin/S&P Global services purchasing managers' index rose to 52.2 in December from 51.5 the previous month. "Since late September, the synergy of existing policies and additional stimulus measures has continued to act on the market, producing more positive factors," said Wang Zhe, Senior Economist at Caixin Insight Group. Wang said prominent downward pressures persist with tepid domestic demand and mounting unfavourable external factors: "The external environment is expected to become more complex this year, requiring early policy preparation and timely responses."

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India's services sector ended 2024 on a strong footing, PMI shows
Trending News
3 days, 5 hours 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 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, …

Manufacturing PMI falls to 56.5 in November
1 month 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 …

Asian manufacturing PMIs send positive signals but tariff threat tempers upside
1 month, 1 week ago

Asian manufacturing PMIs send positive signals but tariff threat tempers upside

Live Mint  

Manufacturing conditions across much of Asia looked slightly stronger midway through the fourth quarter, the latest surveys show, but trepidation about U.S. tariffs and the economic hit they’ll deal is taking some of the shine off the data. The suite of Asia purchasing managers’ indexes for November shows the region is still generally upbeat and navigating elevated geopolitical and economic …

China's yuan slides to 4-month low on tariff threats and mixed PMI data
1 month, 1 week ago

China's yuan slides to 4-month low on tariff threats and mixed PMI data

Hindustan Times  

SHANGHAI, - The yuan fell to a four-month low on Monday, as tariff threats and mixed purchasing managers' index data raised concern China's economy might need additional policy support. The onshore yuan dropped to a low of 7.2675 per dollar, its weakest since July 24, despite a private manufacturing survey on Monday showing China's factory activity expanded at the fastest …

China's manufacturing PMI at 50.3 in November
1 month, 1 week ago

China's manufacturing PMI at 50.3 in November

China Daily  

chinadaily.com.cn| Updated :2024-12-02 China's manufacturing activity expanded for the second consecutive month in November with a series of recent stimulus measures gradually taking effect, 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 50.3 in November, up from 50.1 in October. NBS data …

China's manufacturing PMI at 50.3 in November
1 month, 1 week ago

China's manufacturing PMI at 50.3 in November

China Daily  

China's manufacturing activity expanded for the second consecutive month in November with a series of recent stimulus measures gradually taking effect, 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 50.3 in November, up from 50.1 in October. NBS data showed manufacturers expressing …

Growth expected to pick up after lull
2 months ago

Growth expected to pick up after lull

China Daily  

The skyline of Beijing. They commented as data from media group Caixin pointed to the fastest expansion of services activity in three months while manufacturing activity resumed upward momentum, matching the improvements of official indicators. David Chao, global market strategist for the Asia-Pacific region at Invesco, said: "China's leading economic indicators improved across the board for October, suggesting that the …

China's Manufacturing PMI Recovers to 50.1, Signaling Economic Vitality
2 months, 1 week 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 …

Purchasing Managers’ Index (PMI): Manufacturing activity at 3-month low in August
4 months, 1 week 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
4 months, 1 week 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 …

Surveys show Chinese economy growing but at modest pace
6 months, 1 week 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
6 months, 1 week 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 …

Japan’s service activity extends gains on solid demand, PMI shows
8 months ago

Japan’s service activity extends gains on solid demand, PMI shows

Live Mint  

TOKYO, May 7 - Japanese service sector activity grew at the fastest pace in eight months in April thanks to solid business and consumer spending, a private survey showed on Tuesday, results that should keep the central bank on track to hike rates again this year. "April data revealed another strong month for the Japanese service sector as rising business …

Is China’s economy finally bottoming out?
9 months ago

Is China’s economy finally bottoming out?

Live Mint  

Better late than never: After a rough 2023 and early 2024, the first read on China’s economy in March points to a tentative rebound heading into the second quarter. Data released over the weekend showed China’s official factory purchasing managers index in March moving back above the 50-point level separating expansion from contraction for the first time since September. But …

China's manufacturing activity expands in March after a 5-month lull
9 months, 1 week 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
9 months, 1 week 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 …

China’s manufacturing activity contracts for 5th straight month despite policy support
10 months, 1 week 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
11 months 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
11 months, 1 week 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 …

China manufacturing contracts for a 4th straight month in January
11 months, 1 week ago

China manufacturing contracts for a 4th straight month in January

Associated Press  

SINGAPORE — A survey of factory managers in China released Wednesday shows manufacturing contracted in January for a fourth straight month, reflecting weak demand and a faltering recovery in the world’s second-largest economy. “Overall, the PMI data show that China’s economy remains relatively soft, as confidence remains weak,” Lynn Song of ING Economics said in a report. “Until forward-looking indicators …

Experts say services data confirm recovery
1 year, 1 month ago

Experts say services data confirm recovery

China Daily  

Drones line up in preparation for delivery tasks in Shenzhen, Guangdong province. LIANG XIASHUN/FOR CHINA DAILY Caixin index reaches 3-month high, leading to calls for consumption boost The better-than-expected rebounds in China's services and manufacturing sectors in November, as shown by a private-sector index, solidify the positive trajectory of the country's economic recovery, suggesting that government support is taking effect …

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

Caixin factory data return to expansion
1 year, 1 month ago

Caixin factory data return to expansion

China Daily  

A worker is busy at a workshop of Chongqing Hongjiang Machinery Co Ltd in Yongchuan district of Southwest China's Chongqing, Oct 11, 2023. Private survey shows economy getting back on feet as stimulus takes effect China's manufacturing activity returned to expansion in November, a private survey showed on Friday, adding to signs that the Chinese economy is gradually getting back …

Caixin factory data return to expansion
1 year, 1 month ago

Caixin factory data return to expansion

China Daily  

A worker is busy at a workshop of Chongqing Hongjiang Machinery Co Ltd in Yongchuan district of Southwest China's Chongqing, Oct 11, 2023. Private survey shows economy getting back on feet as stimulus takes effect China's manufacturing activity returned to expansion in November, a private survey showed on Friday, adding to signs that the Chinese economy is gradually getting back …

Chinese factory activity contracts in October as pandemic recovery falters
1 year, 2 months ago

Chinese factory activity contracts in October as pandemic recovery falters

Associated Press  

HONG KONG — An official survey of manufacturers shows China’s factory activity contracted in October, suggesting the economy remains on uneven footing. The purchasing managers’ index, or PMI, fell to 49.5 in October on a 100-point scale, down from 50.2 last month, according to the National Bureau of Statistics and the China Federation of Logistics & Purchasing. The non-manufacturing PMI …

Services PMI signals September boost
1 year, 3 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, 3 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 …

S&P Global India Manufacturing PMI signals August activity hit nearly three-year high
1 year, 4 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 …

China factory activity contracts for fifth straight month in August
1 year, 4 months ago

China factory activity contracts for fifth straight month in August

Firstpost  

The official manufacturing purchasing managers’ index – a key measure of factory output – came in at 49.7 in August, below the 50-point mark that separates expansion and contraction, according to the National Bureau of Statistics. “The survey results show that insufficient market demand remains a major problem facing enterprises today,” NBS analyst Zhao Qinghe said in a statement. “Overall …

Stock market today: Asia sinks after a survey shows China's industrial activity is weakening
1 year, 6 months ago

Stock market today: Asia sinks after a survey shows China's industrial activity is weakening

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 Asian stock markets sank Wednesday …

Manufacturing PMI in May hits 31-month high
1 year, 7 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, 7 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 …

For India’s Services firms, April was the best month in almost 13 years: S&P Global PMI
1 year, 8 months ago

For India’s Services firms, April was the best month in almost 13 years: S&P Global PMI

The Hindu  

India’s services sector recorded its highest uptick in new business and output levels since June 2010 this April, led by a strong upturn in the Finance and Insurance segment, as per the seasonally adjusted S&P Global India Services PMI® Business Activity Index, which rebounded from a decline to 57.8 in March to 62 in April. “India’s service sector posted a …

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 …

Manufacturing PMI, 56.4, at three-month high in March: S&P Global PMI
1 year, 9 months ago

Manufacturing PMI, 56.4, at three-month high in March: S&P Global PMI

The Hindu  

New orders and production levels surged to a three-month high in March even as input cost inflation for manufacturing firms slipped to the second-lowest mark in two-and-a-half years, as per the S&P Global India Manufacturing Purchasing Managers’ Index. New export orders grew at a faster pace in March than the previous month, but remained “slight and historically subdued”, S&P Global …

India's services sector activity hits 12-year high in February: PMI
1 year, 10 months ago

India's services sector activity hits 12-year high in February: PMI

The Hindu  

The Indian services sector expanded at the strongest rate in 12 years in February supported by favourable demand conditions and new business gains, a monthly survey said on March 3. The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 57.2 in January to 59.4 in February -- its highest level in 12 years. "The service sector …

China’s manufacturing activity storms ahead with fastest growth in a decade post Covid-19 lull
1 year, 10 months ago

China’s manufacturing activity storms ahead with fastest growth in a decade post Covid-19 lull

Firstpost  

Beijing: Manufacturing activity in China expanded last month at the fastest pace in more than a decade, an official index revealed on Wednesday. The country’s factory output stormed ahead as production increased across sectors after stringent Covid-19 curbs were lifted in December last year. China—which is the world’s second-largest economy recorded one of its worst years in nearly half a …

China’s factory output smashes forecasts with decade-high growth
1 year, 10 months ago

China’s factory output smashes forecasts with decade-high growth

Al Jazeera  

Manufacturing Purchasing Managers’ Index hits its highest reading since 2012 following Beijing’s lifting of COVID curbs. China’s manufacturing activity expanded at the fastest pace in more than a decade in February, an official index showed, smashing expectations as production zoomed after the lifting of COVID-19 restrictions late last year. The manufacturing Purchasing Managers’ Index shot up to 52.6 from 50.1 …

India's manufacturing PMI moderates in January amid slower increase in total sales
1 year, 11 months ago

India's manufacturing PMI moderates in January amid slower increase in total sales

The Hindu  

India's manufacturing sector activity moderated in January amid a slower increase in total sales, and headcounts were broadly unchanged amid sufficient staff numbers to cope with current requirements, according to a monthly survey. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index fell from December's recent high of 57.8 to 55.4 in January, as factory orders and production rose …

每日一词∣制造业采购经理指数 manufacturing PMI
1 year, 11 months ago

每日一词∣制造业采购经理指数 manufacturing PMI

China Daily  

国家统计局1月31日发布数据，1月份，中国制造业采购经理指数（PMI）为50.1%，比上月上升3.1个百分点。 The purchasing managers' index for China's manufacturing sector came in at 50.1 in January, up from 47 in last December, data from the National Bureau of Statistics showed on Jan 31. 2023年1月14日，在北京汽车制造厂青岛总部基地的生产车间，机器人在焊接作业。（图片来源：新华社） 【知识点】 采购经理指数 是通过对企业采购经理的调查结果统计汇总、编制而成的月度综合性指数，涵盖企业采购、生产、流通等各个环节，是国际上通行的宏观经济监测指标之一。由于采购经理调查简单易行，科学合理，目前国际上有 50 多个国家和地区编制并发布 PMI 指数。 PMI 是宏观经济变化的晴雨表，对国家经济活动的监测、预测和预警具有重要作用。PMI 指标体系包括制造业和非制造业领域，分别反映制造业和非制造业经济总体变化趋势，及企业经营活动多个侧面的运行情况。 PMI 具有先行指数的特性，可以方便、及时地显示经济变化的趋势和范围，预测经济拐点。PMI 取值范围在 0 至 100% 之间，50% 为扩张与收缩的临界点；高于 50%，表示经济活动比上月有所扩张；低于50%，表示经济活动比上月有所收缩。 制造业 PMI 是一个综合指数，由新订单、生产、从业人员、供应商配送时间、原材料库存 5 个分类指数加权计算而成。 【重要讲话】 坚持把发展经济的着力点放在实体经济上，推进新型工业化，加快建设制造强国、质量强国、航天强国、交通强国、网络强国、数字中国。实施产业基础再造工程和重大技术装备攻关工程，支持专精特新企业发展，推动制造业高端化、智能化、绿色化发展。 In …

每日一词∣制造业采购经理指数 manufacturing PMI
1 year, 11 months ago

每日一词∣制造业采购经理指数 manufacturing PMI

China Daily  

国家统计局1月31日发布数据，1月份，中国制造业采购经理指数（PMI）为50.1%，比上月上升3.1个百分点。 The purchasing managers' index for China's manufacturing sector came in at 50.1 in January, up from 47 in last December, data from the National Bureau of Statistics showed on Jan 31. 2023年1月14日，在北京汽车制造厂青岛总部基地的生产车间，机器人在焊接作业。（图片来源：新华社） 【知识点】 采购经理指数 是通过对企业采购经理的调查结果统计汇总、编制而成的月度综合性指数，涵盖企业采购、生产、流通等各个环节，是国际上通行的宏观经济监测指标之一。由于采购经理调查简单易行，科学合理，目前国际上有 50 多个国家和地区编制并发布 PMI 指数。 PMI 是宏观经济变化的晴雨表，对国家经济活动的监测、预测和预警具有重要作用。PMI 指标体系包括制造业和非制造业领域，分别反映制造业和非制造业经济总体变化趋势，及企业经营活动多个侧面的运行情况。 PMI 具有先行指数的特性，可以方便、及时地显示经济变化的趋势和范围，预测经济拐点。PMI 取值范围在 0 至 100% 之间，50% 为扩张与收缩的临界点；高于 50%，表示经济活动比上月有所扩张；低于50%，表示经济活动比上月有所收缩。 制造业 PMI 是一个综合指数，由新订单、生产、从业人员、供应商配送时间、原材料库存 5 个分类指数加权计算而成。 【重要讲话】 坚持把发展经济的着力点放在实体经济上，推进新型工业化，加快建设制造强国、质量强国、航天强国、交通强国、网络强国、数字中国。实施产业基础再造工程和重大技术装备攻关工程，支持专精特新企业发展，推动制造业高端化、智能化、绿色化发展。 In …

Manufacturing PMI up but watch out for a spanner in the works
2 years ago

Manufacturing PMI up but watch out for a spanner in the works

Live Mint  

Business activity in India’s manufacturing sector saw a sharp upturn in December. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index rose to 57.8, up from 55.7 in November, aided by robust inflows of new business. View Full Image On the rise Keep an eye on these economic indicators in 2023 IBC plot twist may let defaulters keep the …

India\'s mfg PMI hits 13-month high in Dec on rise in new orders, strong demand
2 years ago

India\'s mfg PMI hits 13-month high in Dec on rise in new orders, strong demand

Deccan Chronicle  

New Delhi: With the sharp upturn in industrial output in India, the manufacturing PMI scaled a new high of 57.8 in the month of December in 26 months. At 57.8, the December manufacturing PMI print is not only the highest in 26 months but also it has now been above 50 for one-and-a-half years. According to the survey conducted by …

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 …

Manufacturing output, orders rebound in November: S&P Global PMI
2 years, 1 month ago

Manufacturing output, orders rebound in November: S&P Global PMI

The Hindu  

In November, India’s manufacturing sector recorded the best uptick in output and new orders since August and falling input costs lifted sentiment to an eight-year high, as per the S&P Global India Manufacturing Purchasing Managers’ Index which moved up from 55.3 in October to 55.7 last month. While companies reported a notable improvement in international demand for goods, with new …

China’s factory slowdown worse than expected
2 years, 2 months ago

China’s factory slowdown worse than expected

Live Mint  

China’s factory activity contracted in October after a short-lived improvement, a fresh sign of the toll from the country’s stringent Covid policies and of fading global demand for Chinese-made goods. Sales of new homes at China’s 100 largest property developers fell 28% in October from a year earlier, the 16th consecutive month of declines, according to China Real Estate Information …

Services sector bounces back in August, creates most jobs in 14 years
2 years, 4 months ago

Services sector bounces back in August, creates most jobs in 14 years

The Hindu  

India’s services sector rebounded in August from a four-month low in July and created the highest jobs in 14 years as input cost pressures eased to the slowest pace in 11 months, as per the S&P Global India Services Purchase Managers’ Index, which expanded from 55.5 in July to 57.2 last month. Optimism at highest level since 2018 The August …

Services sector growth slipped to four-month low in July: S&P Global PMI
2 years, 5 months ago

Services sector growth slipped to four-month low in July: S&P Global PMI

The Hindu  

India’s services sector growth hit a four-month low as demand weakened amid inflation pressures, as per the S& S&P Global India Services Purchase Managers’ Index which moderated to 55.5 in July from an 11-year high of 59.2 in June. While the domestic market remained the key source of sales growth, international demand for Indian services worsened further, S&P Global said, …

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