Chinas services sector growth slows down in July: Survey
The Dollar Business Bureau The growth of China’s services sector was marginally low in the month of July as the expansion of new businesses eased, said a private business survey on Thursday. The latest findings were in sync with an official estimate of non-manufacturing sector released on Monday that showed cooling down of growth in services sector, adding to the speculations that the world’s second largest economy could grow slightly slower in upcoming months. The Caixin/Markit services purchasing managers' index (PMI) declined a little to 51.5 in July compared to 51.6 in the previous month. Though the decline was marginal, the figures matched with the level of reading in April this year that was lowest since May last year. New businesses continued to grow at ...
Indias pvt sector activity growth eases in April
The Dollar Business Bureau India’s private sector activity eased slightly in the month of April, in the wake of slower growth in inflows of new businesses in the services sector, while the manufacturing sector is still struggling to get into the motion, revealed a survey on Wednesday. The Composite Manufacturing Purchasing Managers' Index (PMI) of Nikkei India, which records manufacturing as well as services sector, declined from the 37-month high of 54.3 in March 2016 to 52.8 last month, indicating a slower expansion in the activity of private sector across India. An economist at Markit, Pollyanna De Lima said that having grown to the 37-month high during March, India’s private sector activity growth eased a little in April. She further said that manufacturers in India ...
New export orders spur Indias manufacturing sector in July: Survey
The Dollar Business Bureau Increasing number of fresh export orders have led to a robust growth in India’s manufacturing sector in the past six months, a market survey said. The country’s manufacturing purchasing managers’ index (PMI)—a performance indicator of manufacturing sector—has reached 52.7%, the highest in six months, the latest Nikkei survey said. The index was 51.3% in June. The figure below 50 indicates contraction in business activity. The report said that growth of new export business accelerated in July and was the “most pronounced in five months”. A majority of respondents of the survey reported to have secured new contracts in tandem with successful price negotiations with clients. “Growth in India’s manufacturing economy rebounded in July, with the PMI rising since ...
Slow business inflows affect Indias manufacturing PMI in June
The Dollar Business Bureau The health of Indian manufacturing economy improved in June, but output growth eased on the back of a weaker rise in new business inflows, said an economic survey report released on Wednesday. Workforce numbers remained unchanged during the month, thus, reflecting companies’ efforts to keep expenses stable. However, inflation rates softened with both input costs and output charges rising at below-trend rates, noted the Markit Economics report. Notably, the survey said, “India’s Manufacturing Purchasing Managers’ Index (PMI) fell from 52.6 in May to 51.3 in June, continuing ‘above the 50.0 no-change index mark’ for the twentieth successive month.” Incoming works expanded at a modest pace in June 2015 recording a weakest pace since September 2014 and work ...
Outlook for services output in current fiscal positive: HSBC Survey
The Dollar Business Bureau Hopes of better economic conditions and forecasts of stronger demand contributed to positive sentiment regarding the outlook for services output in the coming 12 months, said the HSBC India Services Business Activity Index. Moreover, the level of optimism signalled in April was the highest since January. Among the six observed categories, confidence was strongest at Hotels & Restaurants, said the survey. Down to a three-month low of 52.4 in April (March: 53.0), the Index pointed to a modest and softer rise in output across the sector. Where growth was noted, this was linked by firms to higher volumes of incoming new business. By category, the quickest increase was seen in Post & Telecommunication, while Hotels & Restaurants was ...
India's manufacturing growth slips in April as orders drop
The Dollar Business Bureau India’s manufacturing sector witnessed slower growth during April as companies reduced staffing due to weaker pace of order flows, an HSBC survey said on Monday. At 51.3 in April, down from 52.1 in March, the HSBC India Purchasing Managers’ Index (PMI) pointed to a weaker improvement in operating conditions across the sector. However, new order volumes continued to rise in April, marking an 18-month expansionary sequence, said the report compiled by Markit. The index below 50 point means that the manufacturing sector is contracting. “Despite recording softer rates of expansion, the Indian manufacturing sector held its ground in April, benefitting from ongoing improvements in operating conditions,” said Pollyanna De Lima, Economist at Markit. The survey also highlighted strong ...
