Search Result for : Pmi

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 ...

The Dollar Business Bureau  China’s manufacturing industry growth is unexpectedly quickened in the month of August, indicating that the second largest economy of the world is still growing at a healthy rate in spite of cooling housing market and increasing financing cost.  China’s official factory analyses showed that the Asia’s largest economy continue to be on a solid footing, despite apprehensions that the country’s growth may start fading in the coming months.  The official Purchasing Managers’ Index (PMI), which is released on Thursday, increased to 51.7 in the month of August from 51.4 in July, beating expectations for a slight decline.  According to a separate industry survey, the activity in steel sector accelerated at the fastest rate since April 2016 on the back of ...

The Dollar Business Bureau  India’s services sector activities declined in July to a four-year low due to the disruptions caused by the implementation of Goods and Services Tax (GST), according to a private survey. However, the sector is confident of a speedy revival as the new indirect tax regime settle down.   The Nikkei India Services PMI Business Activity Index dropped from the eight-month high of 53.1 in June to 45.9 in July, the lowest since September 2013.  A reading over the level of 50 on the index indicates expansion whereas a reading below the halfway level shows contraction.   “PMI data for July highlight a reversal in fortunes across India, with the economy going into reverse mode after seeing a pickup in ...

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 ...

The Dollar Business Bureau  Japan has secured new orders, prompting a 3 month manufacturing high in May supported by stronger increases in output, a survey reported. This is a clear sign that its economy is gaining in momentum in the second quarter of 2017. Japan Manufacturing Purchasing Managers Index rose to 53.1 in May stronger than the readings 52.0 and 52.7 recorded in April. This was the highest level recorded  since February the survey said.  Improvement in operating conditions has been linked to accelerated rises in both manufacturing output and new orders. This has prompted Japanese companies to increase hiring since production increased for the tenth consecutive month. Companies are reported to have said, that growth was supported by a demand both domestically as well ...

The Dollar Business Bureau  India’s manufacturing sector recorded growth consecutively for the fourth month in April, but the rate remained unchanged compared to the previous month, as increase in new orders was balanced by moderate rise in production, according to a survey. The Nikkei Markit India Manufacturing PMI (Purchasing Managers’ Index) — a manufacturing activity indicator — matched with 52.5 reading of March. However, the growth was most evident in order books since October last year and fresh export orders surged for the third straight month when the growth rate eased from March. Recording contraction post-demonetisation, the manufacturing sector witnessed growth for the fourth straight month in April. A reading on PMI above 50 shows expansion, whereas a score below that mark indicates contraction. “Buoyant domestic demand coupled with sustained growth of ...

The Dollar Business Bureau The demonetisation move has hit India’s manufacturing sector which contracted in the month of December for the first time in 2016, whereas manufacturing activity in China has recorded the fastest growth in four years. India’s manufacturing sector has contracted in the month of December as fresh work orders and production took a hit for the first time last year, showed a monthly survey by the Nikkei India Manufacturing Purchasing Managers’ Index (PMI), an indicator of manufacturing activity. On the other hand, manufacturing activity in China expanded at its fastest pace in around four years in the month of December, according to another survey by an independent research firm. This is a signal for the improving health ...

The Dollar Business Bureau China’s manufacturing sector registered a sluggish growth in December, giving a sign that the government’s initiatives to control the escalating asset prices have started to reflect on the Chinese economy. The country’s Purchasing Managers' Index (PMI), an indicator of the health of the country’s manufacturing sector, fell marginally to 51.4 in December as against 51.7 in November. December reading of the PMI was slightly below than the country expected. The government’s increased spending on the country’s infrastructure, supplemented by a housing boom during the second half of last year, has helped boost domestic prices for essential commodities such as cement and steel, thereby giving a much-needed fillip to the manufacturing sector. Meanwhile, the Chinese government is also cracking down on property ...