Manufacturing PMI News

Manufacturing PMI increased to 56.8 in September. It is highest since January 2012. It was 52.0 in August.

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.

This is the 15th consecutive month that the manufacturing PMI remained above the 50-point mark.

The Nikkei India Manufacturing Purchasing Managers Index (PMI) stood at 52.3 in July, down from 53.1 in June.

Manufacturing sector in India contracted in July following the GST launch as new orders and output dropped for the first time since the downturn in December last year post demonetisation.

Manufacturing growth eased to a four-month low in June owing to weak client demand, water scarcity and concerns related to GST, a monthly survey showed today, rekindling rate cut call.

After four months of selling frenzy, overseas investors turned net buyers in February and pumped in over Rs 2,300 crore in the capital market over the last three sessions, enthused by clarity on FPI taxation.

Recording "solid improvement", manufacturing sector growth touched a 13-month high in August bolstered by expansion in new works as well as acceleration in buying and production levels, says a survey.  

India's manufacturing growth remained unchanged in February following price reductions even as new orders registered the strongest upturn since last September.