Factory Activity

China's October factory growth slows as new orders weaken: PMI data

On the price side, the divergence of rising raw material prices and falling finished goods prices remains, keeping corporate profit margins under pressure

China factory activity shrinks for 7th month despite trade truce hopes

China's factory activity contracted for the seventh consecutive month in October, the government said Friday, as a newly announced truce in the trade war between the US and China offers some hope for a stronger recovery in exports. The official manufacturing purchasing managers index slipped to 49 in October from 49.8 in September, worse than forecast, the China's National Bureau of Statistics reported, based on a survey of factory managers. Measured on a scale between 0 and 100, a PMI reading below 50 indicates contraction. On Thursday, US President Donald Trump said the US will cut its fentanyl-related tariffs on China from 20 per cent to 10 per cent after his meeting in South Korea with Chinese leader Xi Jinping, bringing down US tariffs on Chinese goods from 57 per cent to 47 per cent. China has been diversifying exports from the US, with shipments to regions including Southeast Asia and Africa growing. Exports to the US, however, have dropped by double-digits for six straight

China's factory activity slump extends to sixth month, longest since 2019

The official manufacturing purchasing managers' index was 49.8, versus 49.4 in August, the National Bureau of Statistics said

China's manufacturing activity returns to growth in June, Caixin PMI shows

Caixin/S&P Global manufacturing PMI rose to 50.4 in June from 48.3 in May, surpassing analysts' expectations

China factory activity shrinks for third month in June amid weak demand

The official purchasing managers' index (PMI) rose to 49.7 in June from 49.5 in May, remaining below the 50-mark separating growth from contraction

UP govt to invest ₹125 cr in flatted factory project to support MSMEs

Uttar Pradesh plans a ₹125 crore investment in a multi-storey flatted factory in Greater Noida to promote MSMEs and boost regional economic activity and employment

China's factory activity contracts in May as US tariffs take a toll

Two weeks after a breakthrough trade truce, US Treasury Secretary Scott Bessent said Thursday that negotiations with China are "a bit stalled," signalling fresh uncertainty in the talks

Oji India opens new factory in Andhra's Sri City, to generate 300 jobs

Oji India Packaging Pvt Ltd, a subsidiary of Oji Group, inaugurated its fifth facility in the country at Sri City in Andhra Pradesh, a top official said on Saturday. The factory will produce corrugated boxes and packaging accessories and employ approximately 300 people in the region. This expansion reinforces the company's commitment to meeting the growing demand for sustainable and high-quality corrugated packaging solutions in South India. The state-of-the-art automated plant, spread across 43,000 square meters, will cater to the increasing demand for corrugated boxes in the region. With an initial workforce of 130, the company plans to expand to 300. Oji Holdings Corporation President and Group CEO Hiroyuki Isono, Consul General of Japan Muneo Takahashi, and Sri City Founder and Managing Director Ravindra Sannareddy attended the inauguration, according to a company statement. Sannareddy congratulated the Oji India team for establishing the factory in Sri City, noting that Oji is

China's December factory activity expands at slower pace amid trade risks

The National Bureau of Statistics purchasing managers' index (PMI) slowed to 50.1 in December from 50.3 in November

Blaze spread in Delhi factory due to LPG cylinder explosion: Fire officer

Deputy Chief Fire Officer M K Chattopadhyay said that the fire spread due to explosion in LPG cylinder and it has been brought under control

China's factory activity shrinks for first time in 9 months: PMI data

Caixin/S&P Global manufacturing PMI fell to 49.8 in July from 51.8 the previous month, the lowest reading since October

China's factory activity shrinks for 2nd time in June in warning to economy

Meanwhile, the non-manufacturing measure of activity in construction and services fell to 50.5, the statistics office said. That compares with a forecast of 51, and a May reading of 51.1

Major fire engulfs garment, pharma factories in Noida, no casualty reported

A fire ripped through a garment factory here and spread to an adjoining pharmaceutical factory, prompting a major relief operation that lasted for more than eight hours and utilised services of over two dozen water tenders, officials said on Saturday. Chief Fire Officer (CFO) Pradeep Kumar said no one was injured in the incident that took place in B-Block of Sector 67. The fire service unit's control room received an alert call about the fire at 12 noon, he said. "We immediately sent eight vehicles to the spot but found that it was a major fire, which had spread from the garment factory to the adjoining pharmaceutical factory. This pharma factory was shut for the past two years but the items which were stocked inside caught the fire and intensified the blaze," Kumar said. "We had to deploy 28 vehicles and by 8.30 pm we were able to completely extinguish the fire. Fortunately, there was no injury to any person and no loss of life in the incident," the CFO said. Kumar said additiona

China's factory activity growth hits 2-year high, shows Caixin PMI

Production was underpinned by higher new work inflows, as stronger domestic and global demand supported client interest in new products, according to respondents

India's May factory growth slips to 3-month low, but remains sturdy: PMI

The HSBC final India Manufacturing Purchasing Managers' Index, compiled by S&P Global, dipped to 57.5 in May from April's 58.8, below a preliminary estimate of 58.4

China's May factory activity likely expanded at steady pace, shows poll

The official purchasing managers' index (PMI) was forecast at 50.4 in May, unchanged from April, according to the median forecast of 33 economists in the poll

Police arrests one more person in Dombivli chemical factory blast case

Police have arrested another director of a chemical company in connection with a reactor blast at its unit in Dombivli in Maharashtra last week which claimed 10 lives and left more than 60 injured, an official said on Wednesday. With this two directors of the company have so far been arrested in connection with the incident. The impact of the blast on May 23 at Amudan Chemicals unit, located in Dombivli area of Thane district, was so severe that it shattered window panes of houses and damaged cars, roads and electric poles in the vicinity. After the incident, the police had arrested Amudan Chemicals director Malay Mehta (38). On Tuesday, the police summoned the company's another director, Sneha Mehta (35), the wife of Malay Mehta, and placed her under arrest after detailed questioning as prima facie her involvement was established in the case, the crime branch official said. She will be produced in a court on Wednesday for remand, he said. She was not named in the FIR registered

China's factory activity expands for 2nd month, shows sign of recovery

The factory gauge offers encouragement to Chinese policymakers who are relying on the country's industrial producers to offset weak domestic demand

China's factory activity expands at fastest pace in 13 months in March

Citi last week raised its forecast for China's 2024 growth to 5.0 per cent from 4.6 per cent, citing recent positive data and policy delivery

China's factory activity picks up in contrast with govt data, shows survey

The Caixin manufacturing purchasing managers index rose to 50.8 last month from 50.7 in November, the strongest reading since August and above the estimate in a Bloomberg survey of economists.