Factory Growth

Prime Minister Narendra Modi's "Make in India" campaign has also got lost somewhere in the labyrinths of this bureaucratic maze

The survey also noted that new export orders exhibited stronger growth, following the weakest increase in a year and a half during September, with gains reported in new contracts

This investment will be made in tranches and is expected to be completed over the next two years

.

China's exports in May grew at their fastest pace in more than a year despite trade tensions, though imports fell short of analyst expectations, according to customs data released on Friday. Exports jumped 7.6 per cent in May from the same month last year to USD 302.35 billion, rising at the fastest pace since April 2023. Imports rose by 1.8 per cent to USD 219.73 billion, missing estimates of about 4 per cent growth. The uptick in exports is also partly due to a lower base in the same period last year, when exports declined 7.5 per cent. In comparison, exports grew by 1.5 per cent in April compared with the same period last year, while April imports rose by 8.4 per cent. The strong exports caused China's trade surplus to widen to USD 82.62 billion, up from April's USD 72.35 billion. The growth in exports comes as China faces escalated trade tensions with the US and Europe. The US is ramping up tariffs on Chinese-made electric cars while Europe is considering levying similar ...

The au Jibun Bank flash Japan manufacturing purchasing managers' index (PMI) climbed to 50.5 in May

.

'Growth of both output and new orders softened, but on the other hand, the future output index rose since November'

A non-manufacturing gauge of activity in the services and construction sectors declined to 56.4 from 58.2 in March

A non-manufacturing gauge of activity in the services and construction sectors declined to 56.4 from 58.2 in March

The results highlight Asia's darkening economic outlook for 2023, as lockdowns in China disrupt international supply and heighten fears of a further slump in its economy

Unlike some other economies, India has shown better resiliency to persistently-high inflation and a sinking currency against the US dollar since the start of this year

India's factory output expanded at its slowest pace in nine months in June. More on that in our top headlines

A sub-index for output showed production shrank for the third consecutive month and at a faster rate than in September.

Growth in new orders cooled in October, as the index retreated to 51.6 from 52.2. New export orders were 49.9 in October, pointing to a contraction, from 50.2 in September.

The final au Jibun Bank Japan Manufacturing Purchasing Managers' Index in Oct rose to 53.2 on a seasonally adjusted basis from 51.5 in the previous month, expanding for the ninth consecutive months.

Asian share markets were in a muted mood on Friday after a volatile week in which sentiment over global growth waxed and waned with every new headline on the Delta variant

China's factory gate prices rose at a slightly slower pace in June, providing some reprieve for businesses though persistently high raw material costs are threatening to undermine economic recovery

Employment and wages rise in factories, but key sectors lose jobs

India's retail inflation had swelled to 5-month high of 3.36 per cent in August on costlier vegetables and fruits