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India`s services sector growth eases to 60.1 in August India’s services sector growth eased in the month of August, but remained among the best in 13 years, with a series-record increase in new export business inducing another sharp expansion in total sales.  As per the survey report, the seasonally adjusted S&P Global India Services PMI Business Activity Index fell at 60.1 in August from 62.3 in July. Further, the S&P Global India Composite PMI Output Index -- which measures both manufacturing and services -- eased to 60.9 in ...
India`s services sector growth eases to 60.1 in August
India`s services sector growth eases to 60.1 in August
Source: Accord Fintech
5/09/2023 12:57:09 PM
Dollar steadies, Aussie slips as RBA looms The dollar was firm on Tuesday and the Aussie under a little pressure as traders watched out for the Reserve Bank of Australia's interest rate decision with bets that rates may have peaked. The Aussie was 0.5% lower at $0.6431 in early trade. Softer than expected inflation data for July has markets all but certain the cash rate will stay on hold at 4.1% when the RBA announces its decision in the next few hours, far lower than where U.S. overnight rates are at about 5.25-5.5%. The me...
Dollar steadies, Aussie slips as RBA looms
Dollar steadies, Aussie slips as RBA looms
Source: Reuters
5/09/2023 9:01:10 AM
India`s manufacturing sector activity jumps to 58.6 in August Indicating the second-best improvement in the health of the sector for nearly three years, India's manufacturing sector activity showed a robust growth in the month of August, as new orders and output increased at the quickest rates. According to the report, the seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) jumped to 58.6 in August, 2023 from 57.7 in July.  The report noted that a healthy demand environment and favourable market cond...
India`s manufacturing sector activity jumps to 58.6 in August
India`s manufacturing sector activity jumps to 58.6 in August
Source: Accord Fintech
1/09/2023 1:49:11 PM
Near term market outlook turns positive The near-term market outlook has turned distinctly positive with the US economy’s soft landing narrative lifting sentiments globally and Chandrayaan-3's successful soft landing on the moon boosting sentiments in India, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. Weakening US economic data, particularly the decline in the US manufacturing PMI from 49 to 47, has led to sharp decline in the US 10-year bond yield by 14 bp to 4.19 per cent. This mi...
Near term market outlook turns positive
Near term market outlook turns positive
Source: IANS
24/08/2023 11:40:19 AM
Yen eyes first monthly gain since March; dollar headed for monthly loss The yen fell on Monday, extending losses from a volatile session at the end of last week after the Bank of Japan (BOJ) loosened its grip on interest rates, but was still on track to reverse three consecutive months of declines. Elsewhere in Asia, China's manufacturing activity fell for a fourth straight month in July, albeit at a slower pace, an official factory survey showed on Monday. The yen was about 0.3% lower at 141.57 per dollar, but was headed to end July with a roughly 2% g...
Yen eyes first monthly gain since March; dollar headed for monthly loss
Yen eyes first monthly gain since March; dollar headed for monthly loss
Source: Reuters
31/07/2023 9:05:36 AM
REC shines on inking MoU with PMI Electro Mobility REC is currently trading at Rs. 173.40, up by 11.55 points or 7.14% from its previous closing of Rs. 161.85 on the BSE. The scrip opened at Rs. 162.05 and has touched a high and low of Rs. 173.95 and Rs. 162.05 respectively. So far 1747614 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 173.95 on 24-Jul-2023 and a 52 week low of Rs. 91.00 on 17-Oct-2022. Last one week high and low of the scrip stood at Rs. 173....
REC shines on inking MoU with PMI Electro Mobility
REC shines on inking MoU with PMI Electro Mobility
Source: Accord Fintech
24/07/2023 12:41:19 PM
India's growth weakened in June Limited available data suggests that India's growth weakened in June'23, Motilal Oswal Financial Services said in a report. Manufacturing PMI fell to 57.8 in June'23 from 58.7 in May'23, but it still remained in expansionary territory, the report said. Additionally, a contraction in CV sales, weak freight traffic growth, deceleration in toll collections and PV sales growth, and falling water reservoir levels would have adversely impacted economic activity in June'23,...
India's growth weakened in June
India's growth weakened in June
Source: IANS
6/07/2023 2:18:56 PM
India June services growth remained strong despite high price inflation  India's service sector growth weakened to a three-month low but remained resilient in June amid strong demand, according to a private business survey on Wednesday, despite prices rising at their quickest pace in nearly six years. Sustained growth in the sector, which accounts for around 60% of overall output, indicates Asia's third-largest economy will continue to outpace many of its major peers over the coming quarters. The S&P Global India services Purchasing Manager...
India June services growth remained strong despite high price inflation
India June services growth remained strong despite high price inflation
Source: Reuters
5/07/2023 12:38:44 PM
Domestic-focused sectors push up market; IT, commodities pull it down Domestic and private consumption oriented business sectors are driving up the Indian stock markets, which are nearing their high points, experts said. The market indices -- NSE Nifty and BSE Sensex -- are nearing their 52-week high points. The Nifty on Friday opened at 18,723.30 and touched a high of 18,864.70 points. The 52-week high point is 18,887.60. Similarly, the Sensex opened at 62,960.73, touched a high of 63,520.36 and closed at 62,917.63 points. The 52-week highest level is...
Domestic-focused sectors push up market; IT, commodities pull it down
Domestic-focused sectors push up market; IT, commodities pull it down
Source: IANS
18/06/2023 3:16:41 PM
India`s services sector output increases at second-fastest pace in close to 13 years India’s services sector output increased at second-fastest pace in close to 13 years in the month of May, supported by sustained growth of new business in the face of positive demand trends, despite falling from April reading. As per the survey report, the seasonally adjusted S&P Global India Services PMI Business Activity Index stood at 61.2 in May from 62.0 in April. Further, the S&P Global India Composite PMI Output Index -- which measures both manufacturing and services -- s...
India`s services sector output increases at second-fastest pace in close to 13 years
India`s services sector output increases at second-fastest pace in close to 13 years
Source: Accord Fintech
5/06/2023 12:53:06 PM
Oil prices rise as Congress approves US debt ceiling bill Oil prices rose on Friday amid bullish sentiment following the passage of a U.S. debt ceiling bill in Washington, while markets weighed the likelihood of price-supportive OPEC+ production cuts over the weekend. Brent crude futures rose 34 cents, or 0.46% to $74.62 a barrel by 0302 GMT, while U.S. West Texas Intermediate crude (WTI) rose 30 cents, or 0.43%, to $70.40, following two consecutive days of losses. Markets were reassured by Congress' passage of a bill suspending the U.S. g...
Oil prices rise as Congress approves US debt ceiling bill
Oil prices rise as Congress approves US debt ceiling bill
Source: Reuters
2/06/2023 9:02:52 AM
India`s May factory activity grows at fastest pace since October 2020 SOURCE India's factory output expanded at the quickest pace since October 2020 last month thanks to strong demand and output, while improved optimism led firms to hire at the fastest rate in six months, a private survey showed on Thursday. While regional peers such as China, Japan and South Korea have seen their manufacturers struggle for prolonged periods, solid growth in the sector has been one of the primary drivers of India's economy over the past few quarters. The Manufacturing Pu...
India`s May factory activity grows at fastest pace since October 2020 SOURCE
India`s May factory activity grows at fastest pace since October 2020 SOURCE
Source: Reuters
1/06/2023 10:48:36 AM
India`s services sector activity hits near 13-year high in April India’s services sector witnessed a fastest growth in the month of April, with demand strength promoting the fastest increases in new business and output in close to 13 years. Companies became more optimistic towards future business activity, but job creation remained negligible. As per the survey report, the seasonally adjusted S&P Global India Services PMI Business Activity Index jumped to 62.0 in April from 57.8 in March. Further, the S&P Global India Composite PMI Output ...
India`s services sector activity hits near 13-year high in April
India`s services sector activity hits near 13-year high in April
Source: Accord Fintech
3/05/2023 1:07:12 PM
India`s manufacturing sector activity jumps to 57.2 in April India's manufacturing sector activity improved in the month of April, as factory orders and production rose at the strongest rates in 2023 so far, more jobs were created and companies stepped up input purchasing owing to stock-replenishment efforts. According to the report, the seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) surged to 57.2 in April from 56.4 in March.  The report further noted that new orders placed with goods producer...
India`s manufacturing sector activity jumps to 57.2 in April
India`s manufacturing sector activity jumps to 57.2 in April
Source: Accord Fintech
2/05/2023 1:22:36 PM
Corporate India: Dodging global headwinds Credit Quality Assessment for H2FY23 Mumbai: CareEdge Ratings' credit ratio, which measures the ratio of upgrades to downgrades, normalised to 2.72 in H2FY23 after reaching an all-time high of 3.74 in H1FY23. During H2FY23, CareEdge Ratings upgraded the ratings of 383 entities and downgraded the ratings of 141 entities. While the credit ratios for both, Investment Grade (IG)1 and Below Investment Grade (BIG)2 portfolios saw a moderation in H2FY23, the IG portfolio's credit ratio continues to remain superior at 2.9...
Corporate India: Dodging global headwinds Credit Quality Assessment for H2FY23
Corporate India: Dodging global headwinds Credit Quality Assessment for H2FY23
Source: PR Agency
1/04/2023 9:28:19 AM
IPM India reaffirms its commitment to DigitALL: Innovation and Technology for gender equality, this International Women`s Day IPM India Wholesale Trading Private Ltd (IPM India), a country affiliate of Philip Morris International, Inc. (PMI) sees digital technologies as a powerful driver in accelerating the progress towards gender equality. Aligning with International Women’s Day theme this year, the organisation recognizes the need for inclusive and transformative technology and digital education for women.  IPM India is committed to building an inclusive culture and workplace, reflective of the ...
IPM India reaffirms its commitment to DigitALL: Innovation and Technology for gender equality, this International Women`s Day
IPM India reaffirms its commitment to DigitALL: Innovation and Technology for gender equality, this International Women`s Day
Source: PR Agency
7/03/2023 6:04:10 PM
Rupee reaches over two-week high on likely inflows, positive Asian cues The Indian rupee reached the highest level against the U.S. dollar in more than two weeks on Wednesday, helped by likely inflows and an uptick in its Asian peers. The rupee was at 82.5250 to the dollar at 11:08 a.m. IST, up from 82.6650 in the previous session. It had earlier reached 82.3625 on the interbank order matching system, its highest level since Feb. 20. The rupee's opening price action "was quite surprising", a trader at a private sector bank said. "It...
Rupee reaches over two-week high on likely inflows, positive Asian cues
Rupee reaches over two-week high on likely inflows, positive Asian cues
Source: Reuters
1/03/2023 11:37:22 AM
Strong India services growth dipped slightly in January BENGALURU - Robust growth in India's services industry eased last month after touching a six-month high in December, with softening orders spurring caution in companies' business outlooks for the year, a private business survey showed on Friday. The South Asian nation's economy is expected to grow 6.0% to 6.8% next fiscal year, the government said this week, slower than the 7.0% growth projected for the current year amid faltering global demand. But Finance Minister Nirmala ...
Strong India services growth dipped slightly in January
Strong India services growth dipped slightly in January
Source: Reuters
3/02/2023 11:18:13 AM
Lower global growth could bode well for India which is better positioned With growth concerns to intensify globally in 2023, India's growth trends may remain resilient given the country's macroeconomic stability and well-controlled inflation, foreign brokerage Credit Suisse said in a report. "Key trends to watch out for in 2023 are the sustainability of credit growth, equity inflows and solid corporate earnings momentum, which were the key drivers of India's outperformance in 2022. These trends should persist, in our view, and keep India's ...
Lower global growth could bode well for India which is better positioned
Lower global growth could bode well for India which is better positioned
Source: IANS
12/01/2023 9:52:33 AM
India`s e-bus ambition hits financing speed bump Indian banks are reluctant to lend to electric-bus makers for supply to ailing state transport operators over concerns on recovery of dues, hurting the country's goal of curbing vehicle emissions, said banking, industry and government sources. The lack of funding is limiting the ability of e-bus makers to participate in federal government tenders to supply to states, the sources told Reuters, threatening to slow the electrification of major public transport now reliant on diesel. In...
India`s e-bus ambition hits financing speed bump
India`s e-bus ambition hits financing speed bump
Source: Reuters
17/12/2022 3:21:02 PM
U.S. dollar gains as risk tolerance drops with hawkish central banks The dollar rose on Friday in choppy trading, extending sharp gains in the previous session as risk appetite soured and investors grappled with the prospect that borrowing costs still have a long way to climb. The greenback briefly fell after data showed U.S. business activity shrank further in December as new orders slumped to their lowest in more than 2-1/2 years, while softening demand helped to significantly cool inflation. S&P Global said on Friday its flash U.S. Composite PMI O...
U.S. dollar gains as risk tolerance drops with hawkish central banks
U.S. dollar gains as risk tolerance drops with hawkish central banks
Source: Reuters
17/12/2022 10:20:50 AM
Contraction in manufacturing in October worst since August 20 The 5.6 per cent contraction in manufacturing was the worst since August 2020, the Anand Rathi Research said in a report. The worsening was broad-based yet part of the deterioration was due to transitory factors such as loss of workdays due to festival holidays, the report said, adding that the unfavourable base also played a role. Simultaneously, as 20 per cent of manufactured production is for exports, lower global demand poses a structural headwind. Abatement of transitory factors...
Contraction in manufacturing in October worst since August 20
Contraction in manufacturing in October worst since August 20
Source: IANS
13/12/2022 4:34:56 PM
Comment on RBI Monetary Policy by Mr. KV Srinivasan, Executive Director & CEO, Profectus Capital Below Comment on RBI Policy by Mr. KV Srinivasan, Executive Director & CEO, Profectus Capital “The RBI’s action in raising the repo rate by 35 bps is in line with market expectations and their consistent objective to rein in inflation. With the PMI (which reflects business confidence) and other indicators being positive, I expect capex to continue in spite of higher interest cost and do not see economic growth being impacted in any significant way. Repo rate has in rea...
Comment on RBI Monetary Policy by Mr. KV Srinivasan, Executive Director & CEO, Profectus Capital
Comment on RBI Monetary Policy by Mr. KV Srinivasan, Executive Director & CEO, Profectus Capital
Source: PR Agency
7/12/2022 2:06:45 PM
Dollar holds firm on upbeat U.S. data, RBA rate rise lifts Aussie The U.S. dollar index held firm on Tuesday, following its biggest rally in two weeks after strong services data in the United States fuelled expectations for higher interest rates from the Federal Reserve than recently projected. The Australian dollar perked up from near one-week lows after the Reserve Bank of Australia (RBA) raised rates for the eighth time in as many months. The U.S. dollar index, which measures the currency against six major peers, was at 105.24, steady after Monday&...
Dollar holds firm on upbeat U.S. data, RBA rate rise lifts Aussie
Dollar holds firm on upbeat U.S. data, RBA rate rise lifts Aussie
Source: Reuters
6/12/2022 9:24:38 AM
Stocks slip, dollar up as data challenges Fed pause hopes Global stocks headed for a third straight day of losses on Tuesday and the dollar rose after more U.S. data reinforced the belief among investors that the Federal Reserve might stick longer with aggressive interest rate rises. MSCI's world index fell 0.3%, led by tech stocks which are often more sensitive to broader shifts in sentiment. Europe's STOXX tech sub index lost 0.3% , Hong Kong listed tech giants fell 1.8% and Korea's tech-heavy KOSPI benchmark shed 1%. The oil ...
Stocks slip, dollar up as data challenges Fed pause hopes
Stocks slip, dollar up as data challenges Fed pause hopes
Source: Reuters
6/12/2022 8:55:12 AM
European markets stay cautious after China eases pandemic measures European stock indexes opened slightly lower on Monday, finding little support from an easing of China's domestic pandemic restrictions, after market sentiment was dampened by U.S. jobs data on Friday that raised fears of persistent inflation. Asian shares had been boosted early on Monday by hopes that China taking steps to ease its zero-COVID policy would support global growth and increase commodity demand. More Chinese cities announced an easing of COVID-19 measures on Sunday, aft...
European markets stay cautious after China eases pandemic measures
European markets stay cautious after China eases pandemic measures
Source: Reuters
5/12/2022 4:53:35 PM
Indian Services PMI witnesses strong growth; jumps to 56.4 in November India’s services sector witnessed strong growth in the month of November, as business activity and sales rose at faster rates. As per the survey report, the seasonally adjusted S&P Global India Services PMI Business Activity Index surged to 56.4 in November from 55.1 in October. Further, the S&P Global India Composite PMI Output Index -- which measures both manufacturing and services -- improved to 56.7 in November from 55.5 in October. The report further noted that new order...
Indian Services PMI witnesses strong growth; jumps to 56.4 in November
Indian Services PMI witnesses strong growth; jumps to 56.4 in November
Source: Accord Fintech
5/12/2022 2:28:08 PM
Takeaways from RBI`s MPC meeting can be more than repo rate hike Apart from the decision on the repo rate hike by the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) at its upcoming meeting, one can also expect few more things post the discussions. Economic experts expect the MPC to hike the repo rate by 25-35 basis points (bps) with industry lobby body ASSOCHAM also urging the central bank to do the same. Further it will also be interesting to see whether there will be unanimity amongst the members of the MPC on the decisions taken...
Takeaways from RBI`s MPC meeting can be more than repo rate hike
Takeaways from RBI`s MPC meeting can be more than repo rate hike
Source: IANS
5/12/2022 9:57:29 AM
Rupee may inch higher after yuan's jump on reopening hopes The Indian rupee is likely to open marginally higher versus the U.S. dollar on Monday after the Chinese yuan climbed above a key level on optimism over the country's reopening. The rupee is expected to open at around 81.25 per dollar, compared with 81.3175 in the previous session. The onshore yuan jumped about 1% against the dollar to 6.9792, breaching the 7-level to hit its highest in two-and-a-half months and adding to last week's 1.5% advance. More Chinese cities in the far w...
Rupee may inch higher after yuan's jump on reopening hopes
Rupee may inch higher after yuan's jump on reopening hopes
Source: Reuters
5/12/2022 9:08:02 AM
Indian manufacturing activity expands faster in November Indian manufacturing activity expanded further in the month of November, on the back of quickest increases in new orders and production. Buying levels expanded at a marked and accelerated rate as firms also sought to benefit from relatively mild price pressures. According to the report, the seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) increased to 55.7 in November from 55.3 in October. The report further noted that a stronger upturn in facto...
Indian manufacturing activity expands faster in November
Indian manufacturing activity expands faster in November
Source: Accord Fintech
1/12/2022 3:05:35 PM
Marketmind: PMI, PMI baby A look at the day ahead in Asian markets from Jamie McGeever. Asian markets are looking to round off the week on a positive note on Friday, with regional stocks on course to chalk up their fourth straight weekly rise. The relative calm may not last, however, if recession risks and fears accelerate. There are good reasons to believe this is in the cards. Indications from the initial batch of November purchasing managers index (PMI) data released so far show that private sector busines...
Marketmind: PMI, PMI baby
Marketmind: PMI, PMI baby
Source: Reuters
25/11/2022 8:56:52 AM
Growth in India's services sector quickened in Oct, optimism highest since early 2015 Activity in India's dominant services industry gathered pace in October despite high inflationary pressures, underpinned by robust domestic demand, leading to the second fastest hiring pace in over three years, a private survey showed. The S&P Global India services Purchasing Managers' Index edged up to 55.1 in October from September's six-month low of 54.3, easily beating the Reuters poll expectation for 54.6 and above the 50-mark that separates expansion from contraction ...
Growth in India's services sector quickened in Oct, optimism highest since early 2015
Growth in India's services sector quickened in Oct, optimism highest since early 2015
Source: Reuters
3/11/2022 12:52:33 PM
Indian manufacturing activity surges to 55.3 in October amid mild inflationary pressures Indian manufacturing activity surged in the month of October, on the back of expansions in factory orders and quantities of purchases, while production growth outpaced its long-run average despite softening to a four-month low. At the same time, cost burdens rose at a broadly similar rate to September's 23-month low, while selling charge inflation moderated to the weakest since February. According to the report, the seasonally adjusted S&P Global India Manufacturing Purchasing Mana...
Indian manufacturing activity surges to 55.3 in October amid mild inflationary pressures
Indian manufacturing activity surges to 55.3 in October amid mild inflationary pressures
Source: Accord Fintech
1/11/2022 3:06:33 PM
PMI Electro emerges as 2nd largest electric bus brand in India  With over 777 electric buses running across the country, PMI Electro Mobility, India's leading electric bus manufacturer and operator, on Friday announced that it is now the second largest electric bus brand in the country. PMI Electro made this announcement on the heels of its foray into Surat where it delivered 25 electric buses as part of a larger order to supply 150 electric buses to the Surat Municipal Corporation. "We are elated to emerge as the second largest elect...
PMI Electro emerges as 2nd largest electric bus brand in India
PMI Electro emerges as 2nd largest electric bus brand in India
Source: IANS
7/10/2022 2:56:46 PM
India’s Services PMI declines to 54.3 in September India’s services sector growth declined in the month of September, as both new business inflows and output rose at the slowest rates since March, amid inflationary pressures and competitive conditions, which in turn dampened job creation. The seasonally adjusted S&P Global India Services PMI Business Activity Index fell from 57.2 in August to 54.3 in September. Further, the S&P Global India Composite PMI Output Index -- which measures both manufacturing and services -- slipped f...
India’s Services PMI declines to 54.3 in September
India’s Services PMI declines to 54.3 in September
Source: investmentguruindia
6/10/2022 11:02:18 AM
India`s manufacturing PMI dips to 55.1 amid 15 months of straight growth India's manufacturing sector dipped to a three-month-low of 55.1 in September 2022, against August's 56.2, and in face of estimates of 55.8, but still logged the 15th straight month of rising factory activity, despite global headwinds and increasing recession risks, as per the S&P Global India Manufacturing PMI. As per the report, firms stepped up output, alongside a sustained gain in new orders as there was greater demand from domestic and international clients, while rates of...
India`s manufacturing PMI dips to 55.1 amid 15 months of straight growth
India`s manufacturing PMI dips to 55.1 amid 15 months of straight growth
Source: IANS
4/10/2022 9:30:53 AM
Indian manufacturing activity growth eases to 55.1 in September Indian manufacturing activity growth eased further in the month of September, but it remains above the boom-or-bust line of 50 that separates expansion from contraction, as companies stepped up production in tandem with a sustained increase in new work intakes. According to the report, the seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) fell to 55.1 in September from 56.2 in August. The report further noted that factory orders continued to incr...
Indian manufacturing activity growth eases to 55.1 in September
Indian manufacturing activity growth eases to 55.1 in September
Source: Accord Fintech
3/10/2022 2:30:32 PM
India`s Services PMI accelerates to 57.2 in August With stronger gains in new business, ongoing improvements in demand, job creation and overtime work, India’s services sector activity witnessed a sharp improvement in the month of August. The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from July’s four-month low of 55.5 to 57.2 in August, amid a quicker upturn in business activity and the sharpest rise in employment for over 14 years. This is thirteenth straight month when the services sector...
India`s Services PMI accelerates to 57.2 in August
India`s Services PMI accelerates to 57.2 in August
Source: Accord Fintech
5/09/2022 5:29:36 PM
Asia's factory activity slumps on China's COVID curbs, U.S. Asia's factory activity slumped in August as China's zero COVID curbs and cost pressures continued to hurt businesses, surveys showed on Thursday, darkening the outlook for the region's fragile recovery. Manufacturing activity was weak in countries ranging from Japan, China, South Korea to Taiwan in a sign sluggish demand was adding to headaches for companies already suffering from lingering supply constraints. The U.S. Federal Reserve's resolve to continue aggressive in...
Asia's factory activity slumps on China's COVID curbs, U.S.
Asia's factory activity slumps on China's COVID curbs, U.S.
Source: Reuters
1/09/2022 9:27:05 AM
The commodity market boom is over Energy, metals and agriculture prices have all tumbled from their March peak on inflationary recession fears amid a slew of economic warning signs, but a commodity bust is far from inevitable, S&P Global Commodity Insights said in a report. The commodity market boom is over, the report said. Since early 2020, more and more analysts have been championing the idea of a new commodity supercycle, with an economic recovery turbo-charged by low interest and pandemic-led fiscal stimulus measu...
The commodity market boom is over
The commodity market boom is over
Source: IANS
2/08/2022 4:04:01 PM
Oil drops as weak Chinese factory data heightens demand concerns Oil prices dropped on Monday as weak manufacturing data from China and Japan weighed on the demand outlook while investors braced for this week's meeting of officials from OPEC and other top crude producers on supply adjustments. Brent crude futures were down $1.42, or 1.4%, at $102.55 a barrel by 1017 GMT. U.S. West Texas Intermediate crude was down $1.85, or 1.9%, at $96.77. Fresh COVID-19 lockdowns snuffed out a brief recovery for factory activity in China, the world's larges...
Oil drops as weak Chinese factory data heightens demand concerns
Oil drops as weak Chinese factory data heightens demand concerns
Source: Reuters
1/08/2022 8:37:15 AM
India Manufacturing PMI weakens to 53.9 in June The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) stood at 53.9 in June, lower than 54.6 in May. The latest reading showed the weakest pace of growth since last September. Softer increases in production, factory orders, stocks of purchases and employment all dragged down the PMI in June, alongside an improvement in supplier performance which is inverted before entering the calculation. The PMI indices vary bet...
India Manufacturing PMI weakens to 53.9 in June
India Manufacturing PMI weakens to 53.9 in June
Source: Dion Global Solutions Ltd
1/07/2022 4:50:16 PM
Indian manufacturing activity steadies in May at 54.6 Indian manufacturing activity steadied in the month of May, with new orders and production increasing at similar rates to those registered in April. According to the report, the seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) fell to 54.6 in May from 54.7 in April. The report further said that companies were able to secure new work despite lifting selling prices at the fastest rate in over eight-and-a-half years as additional cost burdens conti...
Indian manufacturing activity steadies in May at 54.6
Indian manufacturing activity steadies in May at 54.6
Source: Accord Fintech
1/06/2022 1:47:41 PM
Perspective on PMI Data for April By Ms. Madhavi Arora, Emkay Global Financial Services Below is Perspective on PMI Data for April By Ms. Madhavi Arora, Lead Economist, Emkay Global Financial Services India PMI: Manufacturing expands amidst inflationary pressures * India’s manufacturing PMI slightly improved in Apr (54.7 vs 54 earlier), continuing its 10 straight month of expansion amidst global inflationary pressures. That said, there has been a gradual yet consistent easing in momentum since the beginning of CY22, and high global commodity prices ...
Perspective on PMI Data for April By Ms. Madhavi Arora, Emkay Global Financial Services
Perspective on PMI Data for April By Ms. Madhavi Arora, Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
3/05/2022 9:53:32 AM
Indian manufacturing activity witnesses faster growth in April Indian manufacturing activity witnessed faster growth in the month of April, amid a solid and faster improvement in operating conditions across the sector. Growth gathered momentum in the intermediate and capital goods segments, but there was a slowdown at consumer goods makers. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) fell to 54.7 in April from 54.0 in March. As per the report, the retreat of COVID-19 restrictions continued to suppo...
Indian manufacturing activity witnesses faster growth in April
Indian manufacturing activity witnesses faster growth in April
Source: Accord Fintech
2/05/2022 1:50:43 PM
India's March manufacturing sector growth weakens: PMI The growth rate of India's manufacturing sector sequentially slowed in March 2022 due to softer rise in demand. Accordingly, the seasonally-adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) came in at 54 (index reading) from 54.9 in February. The PMI ranges between 0 and 100, with a reading of above 50 indicating an overall increase compared to the previous month. As per the PMI report, business conditions improved in March, but the latest results s...
India's March manufacturing sector growth weakens: PMI
India's March manufacturing sector growth weakens: PMI
Source: IANS
4/04/2022 12:37:16 PM
India's factory activity slowed in March, optimism at two-year low - PMI BENGALURU  - India's factory activity expanded at a slower pace in March as rising prices meant new orders and output grew at their weakest rate since September, according to a survey released on Monday that also showed optimism at a two-year low. The survey provides the latest evidence the recovery in Asia's third-largest economy is slowing. Hikes in oil prices, primarily driven by uncertainties around the Russia-Ukraine war, have already taken a toll on consumer spending - t...
India's factory activity slowed in March, optimism at two-year low - PMI
India's factory activity slowed in March, optimism at two-year low - PMI
Source: Reuters
4/04/2022 11:26:22 AM
Healthy demand buoys India's February service sector growth: PMI Healthy demand as well as easing Covid-19 restrictions sequentially accelerated India's service sector growth in February 2022. Accordingly, the seasonally adjusted India Services Business Activity Index came in at 51.8 (index reading) for February, higher than 51.5 in January. The PMI ranges between 0 and 100, with a reading of above 50 indicating an overall increase compared to the previous month. Besides, the headline figure pointed to a moderate rate of expansion that was mar...
Healthy demand buoys India's February service sector growth: PMI
Healthy demand buoys India's February service sector growth: PMI
Source: IANS
4/03/2022 5:05:47 PM