The Institute for Supply Management (ISM) said on Monday its manufacturing PMI increased to 48.4 last month from 46.5 in October, which was the lowest level since July 2023
Apple suppliers including Luxshare and Foxconn also invested in the Southeast Asian country earlier this year to further diversify production away from China
The 650 square metre facility is capable of shipping up to 60,000 pairs of shoes per day and will interface with Skechers' direct-to-consumer channel and its headquarters in Mumbai as well as the USA
Factory output, which had also contracted in the fourth quarter, was boosted by a 36.7% surge in the production of motor vehicles and parts in the second quarter
Capacity use for the manufacturing sector increased 0.7 percentage point to 78.3% in April. It is 0.1 percentage point above its long-run average
The sector, which accounts for 11.3% of the economy, is being weighed down by the Federal Reserve's fastest interest rate hiking campaign since the 1980
As the US and India bolster local semiconductor manufacturing, China's chip imports nosedived 23 per cent in the first quarter of 2023, the media reported on Friday.
Manufacturing expanded at a 4.5% annualized rate in the fourth quarter, the government reported last week
FPIs buy shares worth Rs 1,345 crore
The Purchasing Managers' Index stood at 56.1 per cent, up 0.7 percentage points from the April reading
Growth in US manufacturing slowed in July amid ongoing supply-chain problems.
Investors will be watching US jobs data due Friday for clues to the Fed's plans for policy in the coming weeks and months
Data showed US manufacturing activity picked up in May as pent-up demand in a reopening economy boosted orders.
The US manufacturing sector saw robust growth in March, marking the highest reading since December 1983, the Institute for Supply Management (ISM) reported Thursday
Manufacturing production dropped 3.1% last month, also weighed down by a global semiconductor shortage, the Federal Reserve said on Tuesday
China's was the first major economy to lead the recovery from the COVID-19 shock, so any signs of prolonged cooling in Asia's engine of growth will likely be a cause for concern
Output at US factories increased more than expected in Jan even as a shortage of semiconductors weighed on the production of motor vehicles, pointing to resilience in the manufacturing sector recovery
Manufacturing output increased 1.0% last month, the Federal Reserve said on Tuesday
While other data on Wednesday showed activity in the vast services sector gained momentum in July as new orders raced to a record high, hiring declined
The Institute for Supply Management, an association of purchasing managers, said Monday that its manufacturing index rose to 54.2 last month, up from a June reading of 52.6