Diabytes
Manufacturing activity News
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Manufacturing PMI increased to 56.8 in September.
It is highest since January 2012.
It was 52.0 in August.
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The headline seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) stood at 30.8 in May, up from 27.4 in April, pointing to another substantial decline in the health of the country's manufacturing sector, albeit one that was slightly softer than recorded in April.
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The yearly SBI Composite Index fell below the 50 mark to 47.3 in January -- its lowest level in the past one year, indicating "moderation in economic activity going forward".
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India`s manufacturing sector grew at its weakest pace in over two years in November as demand and output continued to soften, a business survey showed on Tuesday.
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The slip in growth rate can partly be attributed to consolidation after two months of impressive upticks.
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Latest data signalled sustained growth of manufacturing activity at the start of 2015, with output and new orders rising simultaneously for the fifteenth consecutive month.
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The country now has another monthly economic index, with the State Bank on Tuesday launching a tool that will primarily track manufacturing activity to offer a forward-looking economic trends.
Indian factory output touched a nine-month low in September on fewer export orders, even as inflationary pressures have eased, a key HSBC survey showed Wednesday.
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