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June manufacturing PMI records fastest growth in 2018 so far
Mon, Jul 02, 2018
This is the 11th consecutive month that the manufacturing PMI remained above the 50-point mark. In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction. "India's manufacturing economy closed the quarter on a solid footing against a backdrop of robust demand conditions, highlighted by the sharpest gains in output and new orders since last December," said Aashna Dodhia, Economist at IHS Markit and author of the report.
Services PMI falls to 6-month low of 47.8 in February
Mon, Mar 05, 2018
The Indian services sector contracted in February and fell to a six-month low, as new work orders suffered amid weak underlying demand conditions, says a monthly survey. The seasonally adjusted Nikkei India Services Business Activity Index fell from 51.7 in January to 47.8 in February, its lowest
China's service sector grows at fastest pace in nearly six years in January
Mon, Feb 05, 2018
China`s services sector got off to a flying start this year, expanding at its fastest pace in almost six years, as new orders surged and companies rushed to hire more staff, a private survey showed on Monday.
India's December Nikkei manufacturing PMI rises to 54.7
Tue, Jan 02, 2018
Euro zone businesses to start 2018 on near seven-year high
Thu, Dec 14, 2017
Businesses across the euro zone are ending 2017 on a near seven-year high, with demand and price pressures picking up and forward-looking indicators pointing to a busy start to 2018.
PMI rises to 13-month high of 52.6 in November
Fri, Dec 01, 2017
India's November PMI data is at a 13-month high. Roll-out of GST along with ‘higher order volumes’ led to PMI expansion.
Business conditions in India stagnated in October as manufacturing PMI drops, Nikkei says
Wed, Nov 01, 2017
“On the bright side, the labour market continued to improve, with manufacturers further increasing their staffing levels, and at a pace similar to September’s 59-month high. Business confidence eased to the weakest since February as some firms expressed concerns over negative GST effects. However, those manufacturers that were optimistic forecasted benefits of GST materialising over the next 12 months," Dodhia said.
India's manufacturing PMI remains unchanged at 51.2 in Sept; IHS downgrades GDP forecast
Tue, Oct 03, 2017
IHS Markit downgraded its real GDP growth forecast to 6.8% for fiscal year 2017/18 as the lingering effects of recent economic shocks continue to cast a shadow on economic growth.
Nikkei's India Services PMI at 51.2 points in August
Fri, Sep 01, 2017
Order book volumes increased in August, after having posted the worst performance since early- 2009 during July, stated Nikkei.
Services PMI declines at its quickest pace in four years, Nikkei says
Thu, Aug 03, 2017
Key Highlights: Output and new orders fall for first time since January... ...and at fastest rates for almost four years Charge inflation at 53-month peak
Output slides in July as GST comes in force; fastest drop since global financial crisis
Tue, Aug 01, 2017
At 47.9 in July, down from 50.9 in June, the Nikkei India Manufacturing Purchasing Managers’ Index® (PMI® ) was at its lowest mark since February 2009 and highlighted the first deterioration in business conditions in 2017 so far, IHS Markit said in a statement on Tuesday.
Nikkei's Services PMI show that India's GDP is going to bounce back in Q1
Wed, Jul 05, 2017
Key Highlights Growth of new business and activity fastest in current five-month sequences of expansion Rate of increase in headcounts matches May's 47-month high
India's Nikkei Manufacturing PMI at four-month low in June
Mon, Jul 03, 2017
India's manufacturing PMI came in at 50.9 in June 2017 compared to May 2017. This is the third straight month of production growth ease in the country due to weak demand.
India's manufacturing PMI continues to expand in May
Thu, Jun 01, 2017
KEY HIGHLIGHTS: Factory orders rise again, but at slower rate Fifth consecutive expansion in production Growth of input buying accelerates
India moves further away from demonetisation; services PMI rises in March
Thu, Apr 06, 2017
India’s service sector Purchasing Managers’ Index (PMI) for the month of March rose to 50.3, Nikkei said on Thursday.
India's March manufacturing PMI expands to five month high
Mon, Apr 03, 2017
India’s manufacturing Purchasing Manager’s Index (PMI) rose to a five month high of 52.5 in March from 50.7 in February, Japanese stock index Nikkei said on Monday. “March's reading marked the above-50 level for the third consecutive month,” the report by Nikkei said.
India's manufacturing PMI in February grows but more jobs lost
Wed, Mar 01, 2017
Indeed, the vast majority of survey participants signalled unchanged payroll numbers. Evidence provided by panellists indicated that current staffing levels were sufficient to cope with existing production requirements, Nikkei said.
Prime Minister Narendra Modi says cash crackdown is a fight for the poor
Tue, Feb 07, 2017
Prime Minister Narendra Modi on Tuesday defended his decision to abolish high denomination bank notes that has left the economy reeling, calling it a "fight" for the poor.
China services sector extends strong growth in January but pace eases: Caixin PMI
Mon, Feb 06, 2017
China's services PMI has declined marginally to 53.1 in January on a seasonally adjusted basis from 53.4 in December, showed the Markit/Caixin services purchashing managers' index (PMI).
India manufacturing PMI rebounds post demonetisation debacle
Wed, Feb 01, 2017
Having eased since the previous month, the rate of reduction was marginal, the report said.