Smaller manufacturers are resorting to cuts in the wage bill to keep afloat, as the demand situation in the economy remains low
The index for manufacturing fell to 52.3 in the month from 55.3 in July, forcing companies to pause their hiring efforts
Growth in China's services sector accelerated in July, a private survey showed on Wednesday, although the spread of the COVID-19 Delta variant across the country threatens to undercut the recovery
Jumps to 3-month high after June contraction; marginal rise in jobs
India needs a new medium-term economic road map
Growth in China's factory activity dipped to a four-month low in June, weighed by higher raw material costs, global shortage of semiconductors and a resurgence of Covid cases in major export province
The country's official manufacturing purchasing managers' index (PMI) fell to 51.1 in April from 51.9 in March
The advance to decline ratio favoured bulls as nearly 2x stocks rose for every 1 stock that declined on the BSE
The slowdown in the manufacturing sector underscores the fragility of the ongoing economic recovery in China, as Beijing grapples with a resurgence of local Covid-19 cases in northern China
Indian economy will need careful policy handling
One area that failed to show an improvement was employment, with jobs being shed once again at the end of 2020
The annual wholesale price index rose in November, mainly because of an increase in prices of manufacturing items
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
The companies indicated that sales growth was underpinned by resilient demand, though curbed by the Covid-19 pandemic
Asia's third-largest economy and the second most affected country by the pandemic contracted 7.5% in the July-September quarter
The bloc's economy is on track for its first double-dip recession in nearly a decade as a second wave of the coronavirus sweeps across Europe, a Reuters poll suggested last week
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Some believe recent indicators like GST numbers are overstated, most are sceptical about the impact of a stubborn pandemic
Upturn in total sales was supported by a renewed expansion in new export orders, says index
E-way bills, after showing an uptrend since April, stagnated in August