Page 5 - Pmi Manufacturing

GST rate cut boosts Nov manufacturing PMI to 52.6, fastest since Oct 2016

The Nikkei India Manufacturing Purchasing Managers' Index (PMI) rose from 50.3 in October to 52.6 in November

Manufacturing PMI grows marginally in October as GST stings

It fell to 50.3 last month from September's 51.2, marking its third month above the 50-point threshold

Manufacturing expands for second month post-GST, but growth fails to cheer

Growth in manufacturing activities remained intact in September compared to August, but job generation accelerated to the fastest pace in almost five years, according to a widely-tracked Nikkei purchasing managers' index (PMI). Investments continued to be subdued, indicating that the economy will take time to recover.PMI stood at 51.2 in September, the same as its August reading. The figure was below the long-run trend of 54.1. A reading below 50 denotes contraction and one above that means expansion. Aashna Dodhia, the author of the PMI report, says that demonetisation and the goods and services tax (GST) continue to have lingering effects on the economy. IHS Markit, compiler of the data, downgraded economic growth projections for India to 6.8 per cent for the current financial year.However, manufacturing activities expanded for the second month in a row after these contracted in July due to the GST roll out.The author says it will be interesting to see if India's new economic ...

PMI manufacturing rebounds in August after GST jitters

Job creation at fastest pace since March 2013

PMI manufacturing slows to four-month low in June over GST roll-out jitters

Water scarcity also slows down growth; strong foreign demand for Indian products in June