NEW DELHI : India's infrastructure output, which accounts for about two-fifths of industrial production, jumped to a four-month high in November, driven by a rise in six of the eight core constituent sectors during the month. A year ago, the output of the eight core industries—coal, crude oil, steel, cement, electricity, fertilisers, refinery products and natural gas—had expanded by 7.9% …
Output data for May from the eight core infrastructure sectors show broad industrial activity slowed under the onslaught of a heatwave that left homes, offices and factories countrywide using more power to run their fans and cooling systems. The heatwave’s impact on economic activity in May was particularly prominent in India’s northern parts, as it forced afternoon breaks at construction …
Officials warned that labour shortages were “markedly” blighting activity across the economy. The Bundesbank’s monthly report said: “In contrast to previous waves of the pandemic, it’s not just the services sector that’s hit by restrictions and adapted behaviour.” However, despite the gloomy assessment, recent business surveys suggest German business activity picked up sharply this month. Phil Smith from IHS Markit …
BY JONATHAN CHENG | UPDATED JAN 30, 2022 12:54 AM EST Manufacturing and service sector surveys show retreat in January as latest Covid-19 outbreaks hit domestic demand The Chinese economy started the year on an uncertain footing, as Covid-19 flare-ups disrupted factory activity and consumer spending, according to a trio of manufacturing and service sector surveys released Sunday. China’s official …
Despite easing marginally, the services PMI was in the expansion territory for the seventh straight month. New Delhi: The country’s services sector activity slowed slightly in December, as new work orders and business activity moderated from November’s recent high, while job creation saw a significant uptick, a monthly survey said on Friday. The seasonally adjusted Nikkei India Services Business Activity …