Factory Growth
Strong demand revives manufacturing PMI to 57.5 in October after 8-mth low
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
 "Strong demand revives manufacturing PMI to 57.5 in October after 8-mth low")
Bikaji to acquire majority stake in Hazelnut Factory for Rs 131 crore
This investment will be made in tranches and is expected to be completed over the next two years
 "Bikaji to acquire majority stake in Hazelnut Factory for Rs 131 crore")
 "Factors to consider when selecting the right geyser for your home")
China's exports grow 7.6% in May despite trade tensions with US, Europe
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 ...
 "China's exports grow 7.6% in May despite trade tensions with US, Europe")
Japan's factory activity expands for first time in year, shows PMI
The au Jibun Bank flash Japan manufacturing purchasing managers' index (PMI) climbed to 50.5 in May
 "Japan's factory activity expands for first time in year, shows PMI")
 "Saarthi Greentech Unveils First Factory in Pune to produce Hydrogen Fuel Systems that aim to reduce Fuel Consumption and Carbon Emissions in an Indo- Australian collaboration.")
Factory growth ends 2023 at 18-month low on weaker new orders, output
'Growth of both output and new orders softened, but on the other hand, the future output index rose since November'
 "Factory growth ends 2023 at 18-month low on weaker new orders, output")
China's factory activity contracts as economy struggles to sustain momentum
A non-manufacturing gauge of activity in the services and construction sectors declined to 56.4 from 58.2 in March
China's factory activity contracts as economy struggles to sustain momentum
A non-manufacturing gauge of activity in the services and construction sectors declined to 56.4 from 58.2 in March
 "China's factory activity contracts as economy struggles to sustain momentum")
Asia's factory activity shrinks in Nov as China lockdown impact widens
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
 "Asia's factory activity shrinks in Nov as China lockdown impact widens")
India's Manufacturing PMI rises to 55.3 in October, hiring at 33-mth high
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 Manufacturing PMI rises to 55.3 in October, hiring at 33-mth high")
Top headlines: Gold import duty raised to 15%, GST receipts up 56% in June
India's factory output expanded at its slowest pace in nine months in June. More on that in our top headlines
 "Top headlines: Gold import duty raised to 15%, GST receipts up 56% in June")
China's Oct factory activity expands more quickly, but output weighs: PMI
A sub-index for output showed production shrank for the third consecutive month and at a faster rate than in September.
 "China's Oct factory activity expands more quickly, but output weighs: PMI")
China's Oct factory activity expands more quickly, but output weighs: PMI
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.
Japan's factory activity expands at fastest pace in 6 months in October
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.
 "Japan's factory activity expands at fastest pace in 6 months in October")
Asia subdued by slow Covid-19 vaccinations, eye on factory surveys
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
 "Asia subdued by slow Covid-19 vaccinations, eye on factory surveys")
China's factory gate price growth slows, but inflationary pressures persist
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
 "China's factory gate price growth slows, but inflationary pressures persist")
Factory investment rate tumbled to 17-year low after demonetisation
Employment and wages rise in factories, but key sectors lose jobs
 "Factory investment rate tumbled to 17-year low after demonetisation")
Inflation may trend higher as IIP, CPI expected to go up: Morgan Stanley
India's retail inflation had swelled to 5-month high of 3.36 per cent in August on costlier vegetables and fruits
 "Inflation may trend higher as IIP, CPI expected to go up: Morgan Stanley")
