Production, sales expand at the slowest pace in six months; positive sentiment falls substantially
Japan's manufacturing activity expanded at the slowest pace in five months in February as output contracted, underscoring the prolonged impact that global supply chain disruptions are having on Japan.
With the worst most likely behind it, the bruised Indian economy looks poised to regain its vitality. We look at the current state of the Indian economy and how some key sectors are performing
For now, the direct hit from Omicron on output appeared subdued, according to surveys released on Monday and Tuesday.
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
The Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) rose to 50.9 in December - its highest level since June
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Inflation at six-month high keeps business confidence muted but companies generate highest employment since pre-Covid period of February 2020
Input costs hot 92-month high, prompting some firms to raise selling prices
Auto sector to be among the most affected by the crisis
If the trend persists in September, it may give further boost to services growth in the country in Q2FY22
Smaller manufacturers are resorting to cuts in the wage bill to keep afloat, as the demand situation in the economy remains low
The index for manufacturing fell to 52.3 in the month from 55.3 in July, forcing companies to pause their hiring efforts
Growth in China's services sector accelerated in July, a private survey showed on Wednesday, although the spread of the COVID-19 Delta variant across the country threatens to undercut the recovery
Jumps to 3-month high after June contraction; marginal rise in jobs
India needs a new medium-term economic road map
Growth in China's factory activity dipped to a four-month low in June, weighed by higher raw material costs, global shortage of semiconductors and a resurgence of Covid cases in major export province
The country's official manufacturing purchasing managers' index (PMI) fell to 51.1 in April from 51.9 in March
The advance to decline ratio favoured bulls as nearly 2x stocks rose for every 1 stock that declined on the BSE
The slowdown in the manufacturing sector underscores the fragility of the ongoing economic recovery in China, as Beijing grapples with a resurgence of local Covid-19 cases in northern China