Page 2 - Factory Activity

China's factory activity contracts more than expected for 3 months in a row

The official manufacturing purchasing managers index declined to 49 in December, from 49.4 in November, the National Bureau of Statistics said in a statement on Sunday

China's factory activity 'unexpectedly' contracts in October: Caixin PMI

The Caixin/S&P Global manufacturing PMI fell to 49.5 in October from 50.6 in September, marking the first contraction since July and missing analysts' forecasts of 50.8 by a large margin

China factory activity shrinks in July, adds to pressure to reverse slump

Chinese factory activity contracted in July as export orders shrank, a survey showed Monday, adding to pressure on the ruling Communist Party to reverse an economic slowdown. A purchasing managers' index issued by the national statistics agency and an industry group improved to 49.3 from June's 49 on a 100-point scale but was below the 50-point level that shows activity contracting. China's manufacturing PMI remained in contraction, albeit a softer pace, as the drag from the external sector deepened, Erin Xin of HSBC said in a report. That puts more pressure on Beijing to support growth through both fiscal and monetary measures. Chinese leaders are trying to revive economic activity by promising to support entrepreneurs who generate jobs and wealth. But they have yet to give details possible tax cuts or spending and have avoided announcing a large-scale stimulus. Demand for Chinese exports weakened after U.S. and European interest rates were raised to cool record-breaking inflation

Factory checks in 2019 at 13-year high, convictions doubled over 2018

In 2006, 92,261 inspections were conducted - a higher number than the number carried out in 2019

China factory activity worsens in Dec after sudden reversal of Covid Zero

The official manufacturing purchasing managers index fell to 47 this month from November's 48, the National Bureau of Statistics said Saturday

Global factory activity shrank in November but price pressures ease

While the surveys indicated that factories in the euro zone still face a harsh winter it may not be as bad as initially feared and there were signs rampant inflationary pressures were abating

Manufacturing PMI rises to 55.7 in Nov as factory activity hits 3-mth high

India's factory activity expanded at its fastest pace in three months in November, a private survey showed, signalling resilient demand despite

Global factory activity slumped in August but signs cost pressures easing

Manufacturing activity was weak in countries ranging from Germany to Britain to China in a sign sluggish demand was adding to headaches for companies already suffering from lingering supply constraint

China's factory activity contracts again in Aug as power cuts curb output

China's manufacturing purchasing managers index rose to 49.4 from 49 in July, according to a statement from the National Bureau of Statistics

Chinese factory activity sinks in July, weighing on weak economy: Survey

Chinese manufacturing's recovery from anti-virus shutdowns faltered in July as activity sank, a survey showed on Sunday

China's factories perk up, but weak consumption show slow economic recovery

China's economy showed signs of recovery in May after slumping in the prior month as industrial production rose unexpectedly, but consumption was still weak

Asia's factory activity slows in May as China's Covid curbs weigh

Manufacturers slowed activity last month in countries ranging from Japan to Taiwan and Malaysia, business surveys showed

PMI manufacturing rises to 54.7 in April on robust demand, factory orders

International demand also jumped robustly to a 9-month high after contracting in March and domestic demand was above average.

Heat wave disrupts industrial activity as power demand soars in India

Extreme heat continued to scorch large swathes of south Asia this week, offering no reprieve after the hottest March on record in India

Six people killed in fire at Andhra chemical plant, dozen injured

Six persons died in a fire accident in a chemical factory located in Akkireddygudem in the district and 12 others sustained burns, police said on Thursday.

Britannia Industries aims to have 50% women in factory workforce by 2024

FMCG major Britannia Industries Limited (BIL) has said it aims to achieve a diversity ratio of 50 per cent by 2024 by increasing the participation of women in its factory workforce. BIL Chief Marketing Officer (CMO) Amit Doshi said that at present 38 per cent of the company's factory workforce is women. "We aim to achieve a diversity ratio of 50 per cent by 2024 from the current national average of 38 per cent across our factories," he said. At Britannia's Guwahati factory, the proportion of women in the workforce is 60 per cent and it will be increased to 65 per cent, he said. "We are proud to have a women workforce in areas typically dominated by men like engineering, taping and grinding as well as packing, housekeeping, pantry, lab testing, canteen and security," he said. For empowering women, the company has already launched a start-up challenge among woman entrepreneurs, Doshi said. So far, the company has provided seed capital of Rs 10 lakh each to 30 woman entrepreneurs fo

Asia's factory activity grows in Dec as firms take Omicron risks in stride

For now, the direct hit from Omicron on output appeared subdued, according to surveys released on Monday and Tuesday.

Japan's manufacturing activity growth softens in December: Report

The final au Jibun Bank Japan Manufacturing Purchasing Managers' Index (PMI) in December fell to 54.3 on a seasonally adjusted basis, easing from the previous month's 54.5

China's Dec factory activity returns to growth, beats forecasts: Report

The Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) rose to 50.9 in December - its highest level since June

S Korea factory activity quickens but output, export orders shrink: PMI

Activity in South Korea's factories expanded at the fastest pace in three months in December but the economy struggled to gather momentum