Search Result for : Pollyanna De Lima

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 Demonetisation has put an end to the 16-month expansion of India's services activity with the sector witnessing a decline in the month of November. In totality, the seasonally adjusted Nikkei India Composite PMI Output Index has decreased from October’s 45-month high of 55.4 to 49.1 in November, reflecting a slight contraction in private sector activity. A reading above 50 on the index reflects economic expansion whereas a figure below that indicates contraction. According to Pollyanna De Lima, an Economist at Markit and author of the report, the ban of Rs. 500 and Rs. 1000 notes have heavily impacted the services sector with cash shortages leading to lesser new business intakes. This has ultimately led to a fall in activity and ended a ...

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 ...

The Dollar Business Bureau A business survey on Monday revealed that due to weak demand, the growth of India’s manufacturing sector slowed down to a 4-month low in April.  This has raised the demand for a cut in the interest rates by Reserve Bank (RBI) in the coming months, the survey said. In April, the Markit PMI (Purchasing Managers’ Index) fell to 50.5 from 52.4 in previous month, closing to the 50 mark that segregates the growth from shrinkage and the year’s lowest reading. The survey pointed out that manufacturers in India have increased their output at a slow pace in the month of April as inflows of new business were mostly unchanged all through the month. The growth in new orders of exports ...

Source: PTI Raising concerns about India's economic growth momentum, a survey today showed that the services sector contracted for the second consecutive month in June as new orders declined for the first time in 14 months. The deterioration in the key services sector, coupled with weakening manufacturing output, may add to the clamour for further rate cuts by RBI but comes at a time when rating agencies like Fitch and Moody's have flagged a weak business environment and an urgent need to speed up the reforms. The Nikkei India Services Business Activity Index, which tracks changes in activity at service companies on a monthly basis, fell to 47.7 in June, down from 49.6 in May -- its lowest level since March ...

The Dollar Business Bureau India’s manufacturing PMI (Purchasing Manufacturing Index) is at a four-month high with a positive outlook for solid and quicker rise in incoming new work, said HSBC India Purchasing Managers’ Index. The upturn in the Indian manufacturing sector gathered pace in May, with levels of production and new orders rising at the fastest rates since the opening month of 2015. Meanwhile, a further increase in input costs was seen and, consequently, charges were raised following a decline seen in the preceding month. Up to a four-month high of 52.6 in May, from 51.3 in April, the seasonally adjusted HSBC India Purchasing Managers’ IndexTM (PMITM) signalled a further improvement in business conditions. Furthermore, gains were seen in all three monitored ...