Page 5 - Pmi
Economy remains resilient, manufacturing regaining momentum: NCAER
High frequency indicators reveal that the Indian economy remains resilient with Purchasing Manager's Index (PMI) for services accelerating and manufacturing regaining momentum, economic think tank National Council of Applied Economic Research (NCAER) said in report released on Wednesday. Further, NCAER said the composite PMI accelerated to 61.2 in January from 58.5 in December 2023. PMI for manufacturing activity accelerated to 56.5 in January from 54.9 in December 2023, reflecting an expansionary momentum while PMI for services went up to 61.8 in January from 59 in December 2023, it added. "The markers for the month like PMI and GST collections point to a resilient macroeconomic environment. "An encouraging signal comes from easing of inflationary pressure, especially the moderation in food price inflation," NCAER Director General Poonam Gupta said. The report mentioned about healthy GST collections which reached a value of Rs 1.7 lakh crore in January, registering a year-on-year
 "Economy remains resilient, manufacturing regaining momentum: NCAER")
India's manufacturing PMI rises to four-month high of 56.5 in January
New orders placed with Indian goods producers rose at a sharp pace in January and were the strongest in four months
 "India's manufacturing PMI rises to four-month high of 56.5 in January")
India's services growth at three-month high in Dec on buoyant demand: PMI
The HSBC India Services Purchasing Managers' Index, compiled by S&P Global, rose sharply in December to 59.0 from November's one-year low of 56.9
 "India's services growth at three-month high in Dec on buoyant demand: PMI")
India's manufacturing PMI declines to 54.9 to hit 18-month low in Dec
Despite the decline, the December figure marked 30 months of the index remaining above 50. A survey print above 50 indicates manufacturing expansion, and below that, contraction
 "India's manufacturing PMI declines to 54.9 to hit 18-month low in Dec")
Softening demand drags India's November PMI to 12-month low of 56.9
Growth momentum weakens despite demand fuelling new business intakes and output
 "Softening demand drags India's November PMI to 12-month low of 56.9")
India's services PMI falls to 56.9 in November, lowest in 2023 so far
S&P Global said that the slowdown in services PMI was mainly owing to a slowdown in new orders as well as output across sectors
 "India's services PMI falls to 56.9 in November, lowest in 2023 so far")
India's Oct services PMI falls to 58.4 vs 61 in Sept on rising inflation
In October, there were faster increases in input costs and output charges, with rates of inflation outpacing their respective long-run averages
 "India's Oct services PMI falls to 58.4 vs 61 in Sept on rising inflation")
Manufacturing PMI at eight-month low in October due to decline in demand
According to the survey, growth eased in October due to competitive pressures despite an increase in new orders
 "Manufacturing PMI at eight-month low in October due to decline in demand")
India's October manufacturing PMI slips to 55.5, lowest in eight months
The hiring activity and business confidence slipped to a five-month low in October, said S&P Global
 "India's October manufacturing PMI slips to 55.5, lowest in eight months")
China factory activity unexpectedly shrinks in Oct, dents recovery momentum
The non-manufacturing PMI also fell to 50.6 last from 51.7 in September, indicating a slowdown in activity in the vast service sector and construction
 "China factory activity unexpectedly shrinks in Oct, dents recovery momentum")
India's September services PMI hits 61 on positive demand environment
September's expansion in output was associated with effective marketing, favourable demand conditions and strong influxes of new business
Manufacturing PMI at five-month low in Sept but remains strong: Survey
Job creation in industry continues as firms continue getting new business, says S&P Global
September PMI manufacturing comes at 57.5, slowest expansion in 5 months
The fall in PMI was primarily attributed to a softening in the number of new orders
 "September PMI manufacturing comes at 57.5, slowest expansion in 5 months")
China services activity expands at slowest pace in September this year
"Services supply and demand grew at a slower pace in September, as market conditions improved less than expected," said Wang Zhe, senior economist at Caixin Insight Group.
 "China services activity expands at slowest pace in September this year")
Services PMI slows down in Aug as sales wane off despite record exports
Optimistic outlook of companies bodes well for growth prospects, says S&P Global survey
India manufacturing PMI grows to three-month high in August: S&P Global
'Sharp expansion' in international sales show companies' focus on international business, says survey
 "India manufacturing PMI grows to three-month high in August: S&P Global")
India's manufacturing PMI jumps to 58.6 in August, hits 3-month high
This marked a sustained expansion, with 26 months above the 50-mark separating growth from contraction, the longest stretch since March 2020 when pandemic-induced lockdowns were imposed
 "India's manufacturing PMI jumps to 58.6 in August, hits 3-month high")
India manufacturing PMI softens in July to three-month low: S&P Global
Manufacturers' output has increased continuously on a monthly basis since July 2021
PMI manufacturing: Factory output drops to 57.8 in June from 58.7 in May
According to S&P Global, the overall level of business confidence rose to a six-month high in June
China growth momentum slows further amid calls for more policy support
Speculation about potential policy support has been mounting as the recovery for the world's second-largest economy loses traction
 "China growth momentum slows further amid calls for more policy support")