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India s manufacturing PMI improves slightly; reaches 55 5 in April

India s manufacturing PMI improves slightly; reaches 55.5 in April Data released by analytics firm IHS Markit showed purchasing managers index (PMI) for April marginally rose to 55.5 after declining to a seven month low in March at 55.4 Reuters | May 3, 2021 | Updated 11:50 IST India s manufacturing activity improved a tad in April despite fresh domestic factory orders and output easing to eight month lows due to an intensification of the coronavirus pandemic that was nullified by new export orders rising at fastest rate since October last year. Data released by analytics firm IHS Markit showed purchasing managers index (PMI) for April marginally rose to 55.5 after declining to a seven month low in March at 55.4. A figure above 50 indicates expansion, while sub-50 signals contraction.

India s factory activity scales up to 3-month high, lower job cuts reported

India s factory activity scales up to 3-month high, lower job cuts reported Despite the pick-up in demand, manufacturing sector jobs decreased further in January. Companies that refrained from hiring mentioned the observance of government norms to keep workers to a minimum PTI | February 1, 2021 | Updated 12:37 IST India s manufacturing sector activity strengthened in January as companies scaled up production at the quickest pace in three months in response to faster expansions in total sales and new export orders, a monthly survey said on Monday. The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers Index rose from 56.4 in December to 57.7 in January, to signal the strongest improvement in the health of the sector in three months.

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