Manufacturing Activity

Factories across Europe, Asia struggled in July as demand waned, shows PMIs

It was a broadbased downturn in the euro zone while a slump in China's manufacturing activity suppressed its Asian neighbours

China's mfg activity seen extending decline for 3 straight month in July

The world's second-largest economy grew much slower than expected in the second quarter, with the consumer sector a particular cause for concern

China's factory activity shrinks in July, service sector grow more slowly

The official purchasing managers' index (PMI) fell to 49.4 in July from 49.5 in June

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

Nifty Metal index hits record high on May 21; what's fuelling the rally?

The surge in the metal index, analysts believe, is largely credited to Vedanta's robust Q4 performance and its first interim dividend declaration of Rs 11 for FY25

China's factory activity expands on export order boost, shows survey

The export index may have been affected by the Lunar New Year which will fall on Feb. 10 this year, as factories and workers geared up for the pre-holiday shipment of goods

China's manufacturing activity returned to contraction in Oct, shows data

Policymakers have since June unveiled a raft of measures to shore up growth, including modest interest rate cuts, increased cash injections and more aggressive fiscal stimulus

AMSL to defence equipment manufacturing facility in Telangaga at Rs 150 cr

Apollo Micro Systems Ltd (AMSL) is planning to set up a defence equipment manufacturing facility in Telangana at an investment of Rs 150 crore. The proposed facility will come up on an area of 3 lakh sq ft at its facility in Hyderabad, AMSL said in a statement on Monday. "Apollo Micro Systems Ltd proposes to set up a state-of-the-art defence equipment manufacturing facility in Hardware Park, Hyderabad. The company has estimated total investment in the upcoming ventures to be around Rs 150 crore," it said. The company said it is planning to complete the project in nine months. The company recently incorporated a wholly owned subsidiary -- Apollo Defence Industries Private Ltd -- to take forward its plans of manufacturing defence equipment. This subsidiary will focus on forming alliances and technological partnerships with international companies to provide cutting-edge defence solutions and serve the nation, the statement said. Baddam Karunakar Reddy, Founder and Managing Director

US manufacturing activity nears three-year low; price pressures abate

Manufacturing expanded at a 4.5% annualized rate in the fourth quarter, the government reported last week

US economy started strong in 2023 on firm consumer spending: Fed Beige Book

"Amid heightened uncertainty, contacts did not expect economic conditions to improve much in the months ahead," the report said

China's manufacturing activity expands at fastest pace since 2012

The world's second-largest economy recorded one of its worst years in nearly half a century in 2022 due to strict Covid lockdowns and subsequent widespread infections

Work out strategies to draw global manufacturers to India: FM to industry

Finance Minister Nirmala Sitharaman on Friday asked Indian industry to work out strategies as to how businesses operating in developed countries can look at India as a production or sourcing hub amid recession fears in the western countries. India has brought in a lot of facilitation and tweaking of rules to attract foreign investment into India and is also engaging with industries who want to co-locate in the country, the minister said. "As much you are preparing yourself for a long-drawn recession in the Western world, in the Developed world, I think it is also the best time for you to work out strategies for drawing those manufacturers from there to India. "Even as they are headquartered there, it might be useful for them to think of sourcing many things from here and producing from here at least for markets in this part of the globe," Sitharaman said at an event here. She said the suspected long-drawn recession, which is likely to affect Europe, is not just going to affect expo

Zetwerk set for over $1-billion revenue in FY23 on China Plus One

Zetwerk's acquisition of Unimacts will provide the company with immediate access to marquee solar and wind-power customers

Manufacturing picked up in Sept qtr, may sustain for 6-9 mths: FICCI study

61% respondents in survey reported higher production level in September quarter over the year-ago period, as against 55% who reported higher output in June quarter of FY23

Fresh salvo at GDP for not capturing ground manufacturing activities

While most criticisms of the data related to GDP are on overestimating economic activities on ground, the latest one in fact censures it for underestimating the manufacturing sector in recent times

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

India's manufacturing activity expands at quickest pace in 8 months

Job creation is subdued though companies step up purchasing and report solid manufacturing activity

PMI Manufacturing: June factory growth at 9-month low as inflation bites

While the Manufacturing Purchasing Managers' Index remained resilient, it fell to a nine-month low of 53.9 in June from May's 54.6

China manufacturing activity fell to 6 month low amid Covid lockdowns

China's manufacturing activity fell to a six-month low in April as lockdowns continued in Shanghai and other manufacturing hubs in an attempt to stem COVID-19 outbreaks, according to a survey

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