Page 3 - Pmi Manufacturing

Buoyant demand pushes India's services PMI to 6-month high in January

January figure marks 30 months of the index remaining above the 50-mark since July 2021. A reading above 50 in the survey indicates expansion of the sector and a figure below that suggests contraction

Manufacturing PMI rises to 56 in Nov as cost inflation hits 40-month low

Inflationary pressures retreated, with purchase costs rising at the weakest pace since the current sequence of increases began in August 2020

Hi-Tech Pipes Q1 net profit grows around 80% to Rs 8 cr, revenue up 24%

Hi-Tech Pipes has reported around an 80 per cent rise in its net profit to Rs 8.02 crore during the quarter ended June 30, mainly due to higher revenues. It had clocked Rs 4.48 crore net profit during the April-June period of the preceding 2022-23 fiscal, the company said in a statement on Monday. The company's revenue from operations also rose 24 per cent to Rs 642.17 crore in Q1 FY24 from Rs 516.17 crore in the year-ago quarter. Its total sales volumes increased to 84.5 thousand tonnes over 70 thousand tonnes in Q1FY23. "The company has registered sales volume growth of 21 per cent. This volume growth has been majorly contributed by increased sales of value-added products like GP coils, colour-coated coils and sheets. The company is well positioned in this market segment," Ajay Kumar Bansal, Chairman and Managing Director, Hi-Tech Pipes, said. On business updates, he said the greenfield facility of large diameter pipes at Makhiyav, Sanand in Gujarat, is expected to start commerc

India's July manufacturing PMI comes at 57.7 on sustained improvement

Meanwhile, growth in new export business picked up to the fastest since last November

May PMI manufacturing comes at 58.7; hits 31-month high on strong demand

Demand conditions demonstrated remarkable strength, with factory orders rising at the fastest pace since January 2021

Manufacturing PMI at 3-month high of 56.4 in March as input costs decline

Companies expect customers, new products, advertising to support sales for 12 months: S&P Global survey

Improved output pushes India's manufacturing PMI to 3-month high in March

Optimism about future output slipped to an eight-month low due to concerns surrounding competitiveness and general inflation

Dec manufacturing PMI at 26-month high of 57.8 as production picks up

Growth in new orders and output enable factories to end 2022 on a strong note: Survey

Data goes private: Positive for India but also a challenge for the govt

The quality of some of the important economic statistics put out by the govt - for much of which there can be no comparable private substitute - remain questionable and undependable, writes T N Ninan

India's manufacturing PMI cools to three-month low in September

To rein in inflation, the RBI had hiked its key interest rate by a cumulative 190 basis points since early May

PMI Manufacturing: June factory growth at 9-month low as inflation bites

While the Manufacturing Purchasing Managers' Index remained resilient, it fell to a nine-month low of 53.9 in June from May's 54.6

Manufacturing PMI steadies in May on increased orders despite inflation

PMI manufacturing was recorded at 54.6 in May, a minor change from 54.7 in April

Top headlines: May GST revenues up 44%; Manufacturing PMI steadies in May

India's manufacturing sector growth steadied in May on the back of rising international orders despite an increase in prices.

India's manufacturing activity moderates in March as production, sales slow

Production, sales expand at the slowest pace in six months; positive sentiment falls substantially

Factory growth slowed to 4-mth low in Jan; inflation fears hit confidence

The Manufacturing Purchasing Managers' Index, compiled and collected by IHS Markit from Jan. 12-25, fell to 54.0 in January from Dec's 55.5.

Market wrap: Sensex ends above 59,000, up 929 points; Nifty tops 17,600

Eicher Motors surges over 5% on Royal Enfield's strong December sales; TCS gains 4% in three days, hits 13-week high; textile shares rally on improved outlook

PMI manufacturing rises to 10-month high in Nov on high domestic demand

PMI rose to 57.6 in November from 55.9 in the previous month, the highest figure since January this year

Market wrap: Sensex zooms 620 pts on firm economic data; Nifty holds 17,150

IndusInd Bank rebounds after an 8-day fall, gains 5% on BSE; Tega Industries' IPO gets 4 times subscription on first day

India PMI manufacturing up at three-month high in July as lockdowns ease

Jumps to 3-month high after June contraction; marginal rise in jobs

Factory growth rebounded in July, hiring resumed after 15 months: PMI

The Manufacturing Purchasing Managers' Index, compiled by IHS Markit, jumped to 55.3 last month from 48.1 in June, well above 50-level separating growth from contraction.