Ukraine war-induced commodity price spike could derail mfg rebound in India
The final au Jibun Bank Japan Manufacturing Purchasing Managers' Index (PMI) in December fell to 54.3 on a seasonally adjusted basis, easing from the previous month's 54.5
PMI rose to 57.6 in November from 55.9 in the previous month, the highest figure since January this year
An industry group and the national statistics agency said a monthly purchasing managers' index rose to 50.1 from October's 49.2 on a 100-point scale
The IHS Markit PMI for manufacturing rose to 53.7 in September from 52.3 recorded in August, highlighting a stronger expansion in overall business conditions
Jumps to 3-month high after June contraction; marginal rise in jobs
A contraction in India's services sector deepened as localized curbs to control the virus spread hurt consumer demand and business activity
The Covid-19 pandemic restricted international demand for Indian goods. In response to another robust increase in total new orders, production was raised again in February
Imports also grow for second month, signifying domestic demand recovery
Experts said this did not indicate that there was a turnaround in manufacturing, as it continued to contract in volume terms
Bengaluru airport shows positive growth. Delhi and Hyderabad airports handle over 90 per cent of September 2019 volume
Upturn in total sales was supported by a renewed expansion in new export orders, says index
New orders pulled up output, but job losses continue for 5th month
The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, rose to 52.0 in August from 46.0 in July
Analysts at BofA Securities have turned positive on the Indian steel sector due to higher steel prices and improving China's steel demand outlook
Job losses continue as domestic demand struggles and export orders remain absent
India imports about $70 billion worth of goods from China, mostly manufactured goods.
Agriculture was expected to be the only silver lining in the economy in the current financial year
The lockdown has also resulted in effects that people cannot see, like the gradual repair of the ozone hole, point out scientists
A nationwide lockdown in April, coupled with a crash in export orders, had led to conditions across sectors falling by the biggest margin ever.