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Factory activity extends growth, input costs soar

‘Factory activity extends growth, input costs soar’ Updated: Updated: Manufacturing PMI shows mild easing Share Article Manufacturing PMI shows mild easing India’s factory activity expanded for the seventh straight month in February, driven by strong demand and increased output, according to a private sector survey that also showed input-cost inflation hitting a 32-month high. Although the Nikkei Manufacturing Purchasing Managers’ Index, compiled by IHS Markit, eased slightly to 57.5 in February from 57.7 in January, it was well above the 50-level separating growth from contraction. New orders Sub-indexes showed output and new orders rose sharply last month, albeit at a slower pace than in January, indicating strong demand.

PMI: India s factory activity extends growth in February, input costs soar: PMI

PMI: India s factory activity extends growth in February, input costs soar: PMI
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India s January Diesel Sales Post Slowest Decline in Three Months: Preliminary Data

India s January Diesel Sales Post Slowest Decline in Three Months: Preliminary Data FOLLOW US ON: India s diesel sales fell 2.3 per cent year-on-year in January, their slowest pace of decline in three months, preliminary data showed on Tuesday, indicating a gradual recovery in industrial growth in Asia s third-largest economy. Local diesel sales by state-run refiners have been falling since March, when coronavirus-related restrictions slammed industrial activity and mobility. However demand for diesel saw a temporary year-on-year rise in October ahead of the country s festival season. Diesel consumption, a key indicator of economic growth which accounts for about 40 per cent of overall refined fuel sales in India, totalled 6.04 million tonnes in January, the data compiled by state retailers showed.

Diesel Sales: India s Diesel Sales Record Slowest Decline In Three Months: Report

Demand for diesel saw a temporary year-on-year rise in October ahead of the country s festival season The country s diesel sales fell 2.3 per cent year-on-year in January, their slowest pace of decline in three months, preliminary data showed on Tuesday, indicating a gradual recovery in industrial growth in Asia s third-largest economy. Local diesel sales by state-run refiners have been falling since March when coronavirus-related restrictions slammed industrial activity and mobility. However, demand for diesel saw a temporary year-on-year rise in October ahead of the country s festival season. Diesel consumption, a key indicator of economic growth that accounts for about 40 per cent of overall refined fuel sales in India, totalled 6.04 million tonnes in January, the data compiled by state retailers showed.

India s January factory activity hit 3-month high, job cuts subside

India s January factory activity hit 3-month high, job cuts subside Top Searches India s January factory activity hit 3-month high, job cuts subside Reuters / Feb 1, 2021, 10:41 IST FacebookTwitterLinkedinEMail (Representative image) BENGALURU: India s factory activity expanded at its strongest pace in three months in January, fuelled by a continued recovery in demand and output, according to a private survey which also showed firms cut jobs at the slowest pace in 10 months. The Nikkei Manufacturing Purchasing Managers Index , compiled by IHS Markit, rose to 57.7 in January from December s 56.4, above the 50-level separating growth from contraction for the sixth straight month. Sub indexes tracking new orders and output rose to their highest since October, indicating strong growth in demand.

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