In the growing cases of Corona virus, work in factories is getting affected. In March, the manufacturing PMI (Purchase Manager Index) was at a 7-month low. In March it has been 55.4, while in February the PMI was 57.5. According to IHS market data, factory production in March has come...
PMI slips to 3-month low
New Delhi: The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) fell from 58.9 in October to a three-month low of 56.3 in November, indicating that the manufacturing sector growth remained strong, despite losing traction. In PMI parlance, a print above 50 means expansion, while a score below...
Manufacturing PMI Tumbles After Rebound In June; Business Optimism Improves
Manufacturing PMI for the month of July tumbled to 46 highlighting the impact of localized lockdowns being imposed to curb the spread of the virus. For the June month, the figure came in at 47.2. Though levels below 50 indicate contraction in the economic activity. The data shed light on...
PMI: Manufacturing activity contracts for the 2nd straight month in May
New Delhi:In Monday, India's manufacturing purchasing managers' index (PMI) was recorded at 30.8 for the month of May, which is the second straight month of contraction after the all-time low of 27.4 seen in April. A recording below 50 means contraction in the economy. Economic activity in the country has...
India’s service sector growth hits 7-year high in January
New delhi: india's services sector surged to a seven-yr high in January driven by sharp demand in new business orders, leading to job creation and business optimism amid beneficial marketplace conditions, a month-to-month survey said on wednesday. The IHS Markit India Services Business Activity Index rose from 53.3 in December...
PMI Survey noted an uptick in business confidence
New Delhi: The PMI survey additionally cited an uptick in business self belief, factories’ output recorded a grand establishing in January, as Purchasing Managers’ Index (PMI) for production surged to 55.3 in the month, the best in almost 8 years. Manufacturing PMI is compiled by IHS Markit from responses to...