Factory Activity

Blaze spread in Delhi factory due to LPG cylinder explosion: Fire officer

Deputy Chief Fire Officer M K Chattopadhyay said that the fire spread due to explosion in LPG cylinder and it has been brought under control

China's factory activity shrinks for first time in 9 months: PMI data

Caixin/S&P Global manufacturing PMI fell to 49.8 in July from 51.8 the previous month, the lowest reading since October

China's factory activity shrinks for 2nd time in June in warning to economy

Meanwhile, the non-manufacturing measure of activity in construction and services fell to 50.5, the statistics office said. That compares with a forecast of 51, and a May reading of 51.1

Major fire engulfs garment, pharma factories in Noida, no casualty reported

A fire ripped through a garment factory here and spread to an adjoining pharmaceutical factory, prompting a major relief operation that lasted for more than eight hours and utilised services of over two dozen water tenders, officials said on Saturday. Chief Fire Officer (CFO) Pradeep Kumar said no one was injured in the incident that took place in B-Block of Sector 67. The fire service unit's control room received an alert call about the fire at 12 noon, he said. "We immediately sent eight vehicles to the spot but found that it was a major fire, which had spread from the garment factory to the adjoining pharmaceutical factory. This pharma factory was shut for the past two years but the items which were stocked inside caught the fire and intensified the blaze," Kumar said. "We had to deploy 28 vehicles and by 8.30 pm we were able to completely extinguish the fire. Fortunately, there was no injury to any person and no loss of life in the incident," the CFO said. Kumar said additiona

China's factory activity growth hits 2-year high, shows Caixin PMI

Production was underpinned by higher new work inflows, as stronger domestic and global demand supported client interest in new products, according to respondents

India's May factory growth slips to 3-month low, but remains sturdy: PMI

The HSBC final India Manufacturing Purchasing Managers' Index, compiled by S&P Global, dipped to 57.5 in May from April's 58.8, below a preliminary estimate of 58.4

China's May factory activity likely expanded at steady pace, shows poll

The official purchasing managers' index (PMI) was forecast at 50.4 in May, unchanged from April, according to the median forecast of 33 economists in the poll

Police arrests one more person in Dombivli chemical factory blast case

Police have arrested another director of a chemical company in connection with a reactor blast at its unit in Dombivli in Maharashtra last week which claimed 10 lives and left more than 60 injured, an official said on Wednesday. With this two directors of the company have so far been arrested in connection with the incident. The impact of the blast on May 23 at Amudan Chemicals unit, located in Dombivli area of Thane district, was so severe that it shattered window panes of houses and damaged cars, roads and electric poles in the vicinity. After the incident, the police had arrested Amudan Chemicals director Malay Mehta (38). On Tuesday, the police summoned the company's another director, Sneha Mehta (35), the wife of Malay Mehta, and placed her under arrest after detailed questioning as prima facie her involvement was established in the case, the crime branch official said. She will be produced in a court on Wednesday for remand, he said. She was not named in the FIR registered

China's factory activity expands for 2nd month, shows sign of recovery

The factory gauge offers encouragement to Chinese policymakers who are relying on the country's industrial producers to offset weak domestic demand

China's factory activity expands at fastest pace in 13 months in March

Citi last week raised its forecast for China's 2024 growth to 5.0 per cent from 4.6 per cent, citing recent positive data and policy delivery

China's factory activity picks up in contrast with govt data, shows survey

The Caixin manufacturing purchasing managers index rose to 50.8 last month from 50.7 in November, the strongest reading since August and above the estimate in a Bloomberg survey of economists.

China's factory activity contracts more than expected for 3 months in a row

The official manufacturing purchasing managers index declined to 49 in December, from 49.4 in November, the National Bureau of Statistics said in a statement on Sunday

China's factory activity 'unexpectedly' contracts in October: Caixin PMI

The Caixin/S&P Global manufacturing PMI fell to 49.5 in October from 50.6 in September, marking the first contraction since July and missing analysts' forecasts of 50.8 by a large margin

China factory activity shrinks in July, adds to pressure to reverse slump

Chinese factory activity contracted in July as export orders shrank, a survey showed Monday, adding to pressure on the ruling Communist Party to reverse an economic slowdown. A purchasing managers' index issued by the national statistics agency and an industry group improved to 49.3 from June's 49 on a 100-point scale but was below the 50-point level that shows activity contracting. China's manufacturing PMI remained in contraction, albeit a softer pace, as the drag from the external sector deepened, Erin Xin of HSBC said in a report. That puts more pressure on Beijing to support growth through both fiscal and monetary measures. Chinese leaders are trying to revive economic activity by promising to support entrepreneurs who generate jobs and wealth. But they have yet to give details possible tax cuts or spending and have avoided announcing a large-scale stimulus. Demand for Chinese exports weakened after U.S. and European interest rates were raised to cool record-breaking inflation

Factory checks in 2019 at 13-year high, convictions doubled over 2018

In 2006, 92,261 inspections were conducted - a higher number than the number carried out in 2019

China factory activity worsens in Dec after sudden reversal of Covid Zero

The official manufacturing purchasing managers index fell to 47 this month from November's 48, the National Bureau of Statistics said Saturday

Global factory activity shrank in November but price pressures ease

While the surveys indicated that factories in the euro zone still face a harsh winter it may not be as bad as initially feared and there were signs rampant inflationary pressures were abating

Manufacturing PMI rises to 55.7 in Nov as factory activity hits 3-mth high

India's factory activity expanded at its fastest pace in three months in November, a private survey showed, signalling resilient demand despite

Global factory activity slumped in August but signs cost pressures easing

Manufacturing activity was weak in countries ranging from Germany to Britain to China in a sign sluggish demand was adding to headaches for companies already suffering from lingering supply constraint

China's factory activity contracts again in Aug as power cuts curb output

China's manufacturing purchasing managers index rose to 49.4 from 49 in July, according to a statement from the National Bureau of Statistics