Page 4 - Manufacturing Activity
Rise in petroleum production drives core sector output to 11-month high
Grows by 5.5% in Feb, driven by petroleum production, rise in electricity output
 "Rise in petroleum production drives core sector output to 11-month high")
Now what?
Once the lockdown is lifted, we will need the mother of all fiscal and monetary policy support to sustain the economy
 "Now what?")
Industrial output breaks 3-month downward streak, expands by 1.8% in Nov
The rise in IIP helped pull up cumulative growth in industrial output to 0.6 per cent in the April-November period of FY20
 "Industrial output breaks 3-month downward streak, expands by 1.8% in Nov")
Service sector returns to growth on strong demand; PMI at 52.7 in November
Wednesday's upbeat survey comes after official data showed India's annual economic growth slowed to 4.5% in the July-September quarter, its weakest pace since 2013.
 "Service sector returns to growth on strong demand; PMI at 52.7 in November")
GDP growth tanks to 4.5% in Q2; core industries' output shrinks 5.8% in Oct
Fiscal deficit in the first seven months of FY20 already at 102% of government's target for full financial year
 "GDP growth tanks to 4.5% in Q2; core industries' output shrinks 5.8% in Oct")
India's Q2 GDP growth dips to over 6-yr low of 4.5%; manufacturing weighs
This GDP growth data for the September 2019 quarter is the lowest since January-March of 2012-13, when it was registered at 4.3%
 "India's Q2 GDP growth dips to over 6-yr low of 4.5%; manufacturing weighs")
US October job growth beats expectations despite General Motors strike
Job growth has slowed this year, averaging 167,000 per month compared with an average monthly gain of 223,000 in 2018
 "US October job growth beats expectations despite General Motors strike")
Tipping point: India's export of services will soon exceed that of goods
As services exports succeed, the rupee will get stronger and the manufacturing sector will find it harder to compete globally, causing a shortage of domestic jobs for rural youth, writes T N Ninan
India's factory output falls to 2% in June as manufacturing slows
The manufacturing segment constitutes the bulk of the IIP at 77.6%
 "India's factory output falls to 2% in June as manufacturing slows")
RBI monetary policy review: New orders grew, sales declined in Q4
This survey provides a snapshot of demand conditions in India's manufacturing sector
 "RBI monetary policy review: New orders grew, sales declined in Q4")
Pick-up in services, manufacturing activity
Smaller stocks have already seen a significant correction in the last six months. If the FIIs stay net positive through July, the major indices could move up some more. However, the hike in MSP might
 "Pick-up in services, manufacturing activity")
Manufacturing activity growth at 22-month high
PMI rises to 54.4 in October from 52.1 in September, indicating robust improvement in manufacturing business conditions
 "Manufacturing activity growth at 22-month high")
