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New orders, production in India continue to rise sharply: IHS Markit

IHS Markit is a world leader in critical information, analytics and solutions for major industries and markets.
New orders, production in India continue to rise sharply: IHS Markit
ANI |
Updated: Apr 05, 2021 11:34 IST
New Delhi [India], April 5 (ANI): Manufacturing sector conditions in India continued to improve sharply in March despite some loss of growth momentum, according to the latest IHS MarkitManufacturing PMI released on Monday.
Firms scaled up production and input buying in line with another upturn in sales but employment decreased due to coronavirus disease (Covid-19) restrictions and a lack of pressure on capacity.
On the price front, the rate of input cost inflation was among the strongest seen over the past three years. However, selling prices increased only moderately as companies limited their adjustments to retain a competitive edge and boost sales. ....

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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
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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. ....

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Manufacturing Activity Falls Marginally in February: PMI

Manufacturing Activity Falls Marginally in February: PMI
The PMI fell slightly to 57.5 in February from 57.7 in January, but goods producers expect output to increase over the year.
Representative image. Photo: Reuters
Economy01/Mar/2021
New Delhi:Â India’s manufacturing sector activities eased slightly in February, but firms were upbeat as they responded to increased new work intakes by stepping up production and purchasing activities, a monthly survey said on Monday.
The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) fell marginally to 57.5 in February from 57.7 in January, indicating that even though the pace of growth eased from January it remained sharp in the context of historical data. The headline figure for February remained above its long-run average of 53.6, the survey noted. ....

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