Tag: Purchasing Managers Index

India business activity grew faster in June, job creation at 18-year high, PMI shows

June 21, 2024 admin

Image used for representational purpose. | Photo Credit: Reuters Business activity in India expanded at a faster clip this month from May thanks to gains in manufacturing and services, according to a business survey that also showed the pace of job creation was at its strongest in over 18 years. Robust gains in both sectors…

Business

India’s April manufacturing PMI sees second-best improvement in operating conditions in three-and-a-half years

May 2, 2024 admin

Bolstered by current and anticipated upticks in demand, manufacturers reported higher confidence levels with expectations of higher output a year ahead. File (Representational image) | Photo Credit: Reuters India’s manufacturing sector activity moderated slightly in April, but still witnessed the second-best improvement in operating conditions in three-and-a-half years, as per the seasonally adjusted HSBC India…

Business

India’s services sector growth eases in February on softer expansions in business activity, sales

March 5, 2024 admin

New business from abroad placed with services firms in India rose for the thirteenth successive month. Filephoto | Photo Credit: The Hindu The services sector growth in India moderated in February amid softer expansions in business activity, sales and jobs, a monthly survey said on Tuesday, March 5, 2024. The seasonally adjusted HSBC India Services…

Business

India’s manufacturing PMI inched up to 56.9 in February

March 1, 2024 admin

A reading of over 50 on the PMI, which rose from 56.5 in January to 56.9 last month, indicates an expansion in activity. File. | Photo Credit: B. Velankanni Raj India’s manufacturing sector continued its recovery in February from an 18-month low in December, with production levels and sales rising at the fastest pace in…

Business

S&P Global India Manufacturing PMI signals August activity hit nearly three-year high

September 1, 2023 admin

Representational image only. | Photo Credit: The Hindu Manufacturing firms’ order books and output levels expanded at the fastest pace in nearly three years this August, as per the S&P Global India Manufacturing Purchasing Managers’ Index (PMI) that rose to 58.6 last month from 57.7 in July. A reading of over 50 on the index…

Business