Key Points
For Indias manufacturing sector, new orders and production levels recorded their strongest growth so far in 2023 during April as per the seasonally adjusted S&P Global India Manufacturing Purchasing Managers Index (PMI), which rose to 57.2 from 56.4 in March...
Overall business sentiment about output prospects a year ahead, improved from an eight-month low in March, as manufacturers gained confidence that volumes will be higher going forward..
After a fractional reduction in the workforce in March, April saw a reversal of trend as firms sought to expand capacities by taking on additional workers and stockpiling inputs..
Not only did buying levels expand for the 22nd successive month, but also at a sharp rate that was the strongest since February 2021, S&P Global noted, adding that suppliers were able to deliver on the higher demand...
Besides seeing the strongest inflow of new work in 2023 so far, capacities were expanded through job creation, input buying was lifted and pre-production inventories rose at a record rate, she pointed out..
You might be interested in
India's factory growth softened slightly in June but stayed strong
03, Jul, 23India's manufacturing industry expanded at the second-fastest rate this year in June, albeit at a slightly slower pace than in May, supported by robust demand despite higher inflationary pressures, a private survey showed on Monday.
India’s manufacturing PMI hits highest level since October 2020 in May
01, Jun, 23The S&P Global India Manufacturing Purchasing Managers’ Index (PMI) surged to a 31-month high of 58.7 in May, with factory orders rising at the fastest clip since January 2021 and producers accumulating inputs at an unprecedented pace thanks to lower costs.
Manufacturing PMI at three-month high in March: S&P Global PMI
03, Apr, 23The seasonally adjusted PMI reading moved up from 55.3 in February to 56.4 in March, signalling the strongest improvement in operating conditions in 2023 so far
August cheer: Numbers show economy on firm ground
02, Sep, 23India's goods and services tax (GST) increased by 11% in August to ₹1.59 lakh crore, maintaining strong growth. Other high-frequency indicators for August, including the S&P Global India Manufacturing Purchasing Managers' Index (PMI) and car sales, also showed positive signs for the economy. The demand for aviation turbine fuel (ATF) rose by 9.5% year-on-year, and the Unified Payments Interface (UPI) crossed 10 billion transactions for the first time in August.
India's manufacturing sector activity eases in June, but output remained in growth territory: PMI
03, Jul, 23Manufacturing sector activities in India moderated in June from a 31-month high in May, but output remained in the growth territory, as new work orders expanded sharply amid favourable demand conditions, a monthly survey said on Monday.
India's manufacturing activity eases marginally in September
03, Oct, 23The Manufacturing Purchasing Managers' Index INPMI=ECI, compiled by S&P Global, fell to 57.5 last month from 58.6 in August.
Manufacturing activity rises to four month high of 56.5 in January
01, Feb, 24HSBC India Manufacturing Purchasing Managers' Index rose to a four-month high of 56.5 in January, recovering from the previous month's 18-month low of 54.9. The rise in production was driven by robust domestic demand, with current output expanding and domestic orders growing faster than export orders.
India's manufacturing sector growth reaches five-month high in February
01, Mar, 24India Business News: India's manufacturing sector growth reached a five-month high in February, driven by increased production and sales. The HSBC India Manufacturing PMI