Page 7 - Latest Updates on Manufacturing PMI
India November WPI up at 1.55 over jump in prices of manufactured goods
The annual wholesale price index rose in November, mainly because of an increase in prices of manufacturing items
 "India November WPI up at 1.55 over jump in prices of manufactured goods")
Fitch now expects lower GDP contraction in India at 9.4% for FY21
Says Covid vaccines aren't likely to reach majority even in a year, Cautions against weak balance sheets, challenges in financial sector
 "Fitch now expects lower GDP contraction in India at 9.4% for FY21")
Services sector grows for second straight month, but rate falls in Nov: PMI
Hiring reverses declining trend, services inflation accelerates
 "Services sector grows for second straight month, but rate falls in Nov: PMI")
After manufacturing, services loses steam in Nov on weak demand: PMI
India's manufacturing recovery also faltered last month as coronavirus fears weighed on demand and output
 "After manufacturing, services loses steam in Nov on weak demand: PMI")
Manufacturing activity loses pace in Nov, falls to three-month low: PMI
While all three broad areas of the manufacturing industry recorded expansion, consumer goods segment led the growth, the only sector to see a stronger rate of increase
 "Manufacturing activity loses pace in Nov, falls to three-month low: PMI")
India's manufacturing PMI loses steam slips to three-month low in November
The companies indicated that sales growth was underpinned by resilient demand, though curbed by the Covid-19 pandemic
 "India's manufacturing PMI loses steam slips to three-month low in November")
India's factory activity falters in November as Covid-19 fears persist: PMI
Asia's third-largest economy and the second most affected country by the pandemic contracted 7.5% in the July-September quarter
 "India's factory activity falters in November as Covid-19 fears persist: PMI")
India's manufacturing PMI rises to decade high amid Covid-19 pandemic
Index stood at 58.9 in October, as companies raise output fastest in 13 years
 "India's manufacturing PMI rises to decade high amid Covid-19 pandemic")
Factory output hits decade high in October as demand bounces back: PMI
The Nikkei Manufacturing Purchasing Managers' Index rose to 58.9 in October from September's 56.8
 "Factory output hits decade high in October as demand bounces back: PMI")
Near zero GDP today, among fastest growing next year: FM on Indian economy
GDP to be flat in FY21, FDI inflow up 13 per cent between April to August 2020, compared to 2019
 "Near zero GDP today, among fastest growing next year: FM on Indian economy")
India witnessing V-shaped recovery, govt steps to spur economic growth: FM
Sitharaman mentioned that recovery and rehabilitation efforts in these countries must not be allowed to be undermined in any manner, a Finance Ministry statement said
 "India witnessing V-shaped recovery, govt steps to spur economic growth: FM")
Service activity moves towards recovery in September; PMI at 49.8
At 49.8 in Sept from 41.8 in August, but contracts for 7th month in row
 "Service activity moves towards recovery in September; PMI at 49.8")
Services activity improves in September, PMI at 49.8 vs 41.8 in August
The latest reading was indicative of broadly stable output across the sector
 "Services activity improves in September, PMI at 49.8 vs 41.8 in August")
From tax collection to car sales, India's economic recovery picks up pace
GST mop-up at 7-month high, manufacturing PMI at 8-year high, but new projects down 81% in Q2
 "From tax collection to car sales, India's economic recovery picks up pace")
Manufacturing activity expands at fastest pace in 8 years in September: PMI
The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, jumped to 56.8 in September from 52.0 in August
 "Manufacturing activity expands at fastest pace in 8 years in September: PMI")
Top headlines: Manufacturing PMI down to 46, Tamil Nadu against NEP & more
Here are the top headlines of the day
 "Top headlines: Manufacturing PMI down to 46, Tamil Nadu against NEP & more")
June manufacturing activity shrinks for third month in a row; PMI at 47.2
Job losses continue as domestic demand struggles and export orders remain absent
 "June manufacturing activity shrinks for third month in a row; PMI at 47.2")
Fiscal prudence still matters
Govt will need to spend more, but should credibly commit through institutional reform to future transparency and prudence
 "Fiscal prudence still matters")
About time the govt stopped discussing a stimulus package and announced it
There is no sight of reform measures as well
 "About time the govt stopped discussing a stimulus package and announced it")
Covid-19: Biz sentiment sinks to record low; mfg activity down in March
"The most prominent signs of trouble came from the new export orders and future activity indices, which respectively indicated tumbling global demand and softening domestic confidence," Kerr noted.
 "Covid-19: Biz sentiment sinks to record low; mfg activity down in March")
