Indias manufacturing sector growth declines in Mar, a 5-month low
The Dollar Business Bureau After remaining positive for the eight consecutive months, manufacturing sector activity in India declined in March to a low of five months, as the fresh business orders grew at a slower pace, and companies showed reluctance for recruitment, according to a private survey. The Nikkei India Manufacturing Purchasing Managers Index (PMI) declined to a five-month low of 51 in March from 52.1 in February. “This indicated the slowest improvement in operating conditions recorded by the survey since last October,” Nikkei said in a statement. This is consecutively for the eighth months that the PMI remained above the mark of 50-point. In PMI parlance, a reading above the 50 point mark means growth, while below that mark shows a contraction. Commenting on ...
Nikkei PMI has positive news for Indian manufacturing and services
By Abin Daya It just might be that things are slowly falling in place for the Indian economy. The Nikkei Purchasing Manager’s Index for Manufacturing and Services has positive news, both in performance and sentiments. What we now need is better capacity utilisation leading to improvement in private investment. A good monsoon this year should create that. Some indication of that is also seen in the performance of the infrastructure industries during the month of March. Performance improved from 1% growth in Feb, to 5% growth in Mar, though it was far from the 9.3% growth achieved a year back. While growth for the full year improved from the previous FY, the fertiliser industry seems to have been badly affected. One topic that ...
Nikkei India Manufacturing PMI at 13-month high in Aug
The Dollar Business Bureau Witnessing a strong improvement, the growth in manufacturing sector reached a high of 13-month in August encouraged by expansion in new works and acceleration in production and buying levels, a survey said. Nikkei Manufacturing Purchasing Managers' Index (PMI) of India increased to 52.6 in the month of August against 51.8 in the previous month as the manufacturers in India enjoyed a strong progress in operating conditions in the past month. A reading of beyond 50 shows expansion. The PMI jumped due to a sharp improvement in inflows of new business which increased at the fastest speed since December 2014. The increase is led by consumer goods producers, however strong growth was also recorded in the capital and intermediate goods categories. “Manufacturing PMI ...
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 ...
Manufacturing shrinks for first time in over 2 years
The monthly PMI (Purchasing Managers Index) survey showed that the rate of contraction was sharpest in almost seven years since the global financial crisis Source: PTI The Nikkei India Manufacturing PMI, a composite monthly indicator of manufacturing performance, dipped from 50.3 in November to 49.1 in December. In the first contraction in over two years, manufacturing sector output dipped in December to a 28-month low as new orders fell sharply and production took a big hit from heavy rains in Chennai, putting pressure on RBI to keep rates low. Painting an even gloomier picture, the monthly PMI (Purchasing Managers Index) survey showed that the rate of contraction was sharpest in almost seven years since the global financial crisis. The Nikkei India Manufacturing PMI, a ...
