Page 3 - Pmi Data News Today

Indias manufacturing sector achieved a 16-year high in March, propelled by robust growth in new orders and production, marking a stellar close to FY24. The HSBC India Manufacturing Index surged to 59.1, reflecting strong expansion across consumer, intermediate, and investment goods sectors, driven by domestic and export demand. Despite inflation concerns, confidence remained elevated.

India Business News: India's business activity expanded at the fastest pace in four months in January on stronger demand, indicating that it is likely to maintain its posi

The flash Purchase Managers index (PMI) jointly launched by HSBC and Standard and Poors indicates that consumer price inflation is expected to rise moderately in the coming months. According to the data, service providers have not passed on input price increases to final consumers, and while manufacturers have, composite output prices are rising at a lower rate than the previous month.

India’s Manufacturing PMI for December is the highest in the world---strong domestic demand combined with low input costs as a result of low global growth have resulted in high animal spirits 

The PMI gives an idea about the direction of economy. It helps decide on production needs based on new orders in the coming months.

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The S&P Global India Manufacturing Purchasing Managers Index (PMI) climbed to 56 last month, rebounding from Octobers eight-month low of 55.5

The PMI data highlighted a particularly marked slowdown in the consumer goods sector

India’s purchasing manager indices for manufacturing and services companies are based on surveys conducted by S&P Global, and are an early indicator of the health of the economy

Last months purchasing managers�* index — a measure of the health of the economy — was 10.9. the figure was well below the 50.3 economists had forecast. faltering activity in the uk was mirrored in the eurozone, where the index fell to a 33—month low of a7. both figures will be closely monitored by bank of england and ecb policymakers ahead of their next interest rate decisions. joining me now is chris williamson, chief business economist at s&p global market intelligence. s&p global is ...