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
Improvements in demand continued to underpin robust increases in factory orders and production
India manufacturing PMI hits 17 year high in August to 59.3 from 59.1 in July driven by a rapid expansion in production, shows HSBC survey as compiled by S&P Global
Services led the growth, with activity hitting a record 65.6, while manufacturing preliminary PMI climbed to 59.8 in August, its strongest level since January 2008
India's Manufacturing PMI for July climbs to 59.1 from 58.4 in June driven by new orders and output, shows HSBC survey as compiled by S&P Global
Flash HSBC India PMI signals expansion as manufacturing activity picks up climbing to 59.2 while India's services PMI eases to 59.8 in July
Companies step up hiring to keep up with strong demand: PMI
June 2025 Manufacturing PMI: This marks a significant turnaround in manufacturing after PMI dipped to a three-month low in May
The HSBC India Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, fell to 57.6 in May from 58.2 in April
Manufacturing PMI May 2025: Although new orders and production continued to rise, the rates of growth softened to three-month lows
Sensex Today | Stock Market Highlights on Thursday, May 22, 2025: In the broader basket, Nifty Midcap100 and Nifty Smallcap100 indices settled lower by 0.52 per cent and 0.26 per cent, respectively
Flash HSBC India PMI signals sharpest expansion in 13 months as services see robust growth and employment gains; input cost inflation at five-month high
'Buoyant' international demand for goods and services prompts companies to hire additional staff
Manufacturing PMI rose to a 1-year high of 58.4 in April; services hit 4-month peak at 59.1, signalling robust private sector growth and strong demand across both segments
Factory production accelerated in February from the previous month, while total new orders increased at the quickest pace in three months
As of 6:40 AM, GIFT Nifty Futures were up 79 points at 22,359, hinting at a higher start
Services sector's index climbed to 61.1 in February, its highest level since March of the previous year, compared to 56.5 in January
Electric commercial vehicle manufacturer PMI Electro Mobility Solutions on Friday said it has secured a Rs 250-crore strategic investment from a consortium of investors through a preferential allotment of equity shares, in its second round of private equity funding. The consortium led by Authum Investment & Infrastructure Limited (Authum), includes Antique Securities and associated HNI family offices and Nikhil Kamath-backed Gruhas, the company said. The fresh capital infusion will enable the company to accelerate its strategic initiatives, including the development of innovative solutions, technological advancements in production capabilities, and scaling of operations, PMI Electro Mobility said. These advancements will further strengthen the company's position in India's burgeoning electric vehicle (EV) sector and contribute significantly to sustainable urban mobility, it added. Incorporated in 2017, the eCV maker has a 2,500 unit annual capacity production facility in ...
Markets Today Highlights: Smallcap shares were among the top laggards in broader markets, with the Nifty Smallcap100 index ending down by 2.13 per cent
The index has been above the 50-mark separating expansion from contraction since July 2021