India’s Manufacturing Growth Jumped To The Highest In Over 8 Years

[Gaali_Gottam_Govinda]

A gauge of activity across India’s manufacturing sector jumped to highest level in over eight years in September as manufacturers saw a sharp pick-up in new orders. The IHS Markit India Manufacturing Purchasing Managers’ Index rose to 56.8 in September 2020, from 52 in August. This is second straight month of expansion and the highest reading since January 2012. 

Concurrently, there were renewed expansions in export sales and input stocks as well as an improvement in business confidence. Output prices rose for the first time in six months, reflecting an uptick in input costs.

The headline seasonally adjusted IHS Markit India Manufacturing PMI increased from 52 in August to 56.8 in September, signalling back-to-back improvements in the health of the sector. Moreover, the latest reading was the highest in over eight-and-a-half years.

Amid reports of loosened coronavirus disease 2019 (COVID-19) restrictions and higher demand, Indian manufacturers lifted output for the second straight month in September. The increase was sharp and the third-quickest in the history of the survey.

Similarly, there were back-to-back increases in new business inflows. The rate of expansion picked up to the fastest since early-2012.

The upturn in total sales was supported by a renewed expansion in new export orders, the first since prior to the escalation of the COVID-19 outbreak.

Despite strong growth of order book volumes, Indian goods producers signalled another reduction in payroll numbers. In many cases, this was attributed to efforts to observe social distancing guidelines. Employment has now decreased for six consecutive months.

"The Indian manufacturing industry continued to move in the right direction with PMI data for September highlighting many positives," said Pollyanna De Lima, Economics Associate Director at IHS Markit.

"Due to loosened COVID-19 restrictions, factories went full steam ahead for production, supported by a surge in new work. "Exports also bounced back, following six successive months of contraction while inputs were purchased at a sharper rate and business confidence strengthened," she said.

Almost one-third of manufacturers expect output growth in the coming 12 months against 8 per cent that foresee a contraction, resulting in the strongest degree of overall optimism in over four years.

Upbeat projections reflected hopes of fewer coronavirus cases, projects in the pipeline and enquiries from new clients.

The IHS Markit India Manufacturing PMI is compiled from responses to questionnaires sent to purchasing managers in a panel of around 400 manufacturers. The panel is stratified by detailed sector and company workforce size based on contributions to GDP.

IHS Markit is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government. (ANI)

 

 

[Spartan]

business and labor market...6 months band unte...

 

labor and working people papam 1000km more walk chestu sonta urlaki velle sthiti lo chanipoina kuda..

meek manf rates etla perginai....

e whatsapp andh bhakt batch endo emo...

[dasari4kntr]

Source link please....

[keviinusa]

1 minute ago, Spartan said:

business and labor market...6 months band unte...

 

labor and working people papam 1000km more walk chestu sonta urlaki velle sthiti lo chanipoina kuda..

meek manf rates etla perginai....

e whatsapp andh bhakt batch endo emo...

anni negative news kada konchem positive news ala create chesinam danikee ila ante ela vayya

nbetter than nano gps chip kada we are improved in ferformance

[bhaigan]

22 minutes ago, dasari4kntr said:

Source link please....

https://www.markiteconomics.com/Public/Home/PressRelease/bd16e81d9f6749dba9935ac5faa56fd8

[vaakel_saab]

ram mandir construction kosam order chesinam vaa

[Picheshwar]

Vuu

adhi lekka

[Pappu_Packitmaar]

Evadu padithe vadu survelu tayarchestunaru...whatsapp Lo tipputunaru...

 

[Picheshwar]

2 hours ago, dasari4kntr said:

Source link please....

mee lanti antis ki Burnol moment

[batman2]

2 hours ago, keviinusa said:

anni negative news kada konchem positive news ala create chesinam danikee ila ante ela vayya

nbetter than nano gps chip kada we are improved in ferformance

propaganda cloud nunchi bayataki vasthe real/fake ento thelusthai

dont worry nee twitter feed lo ee news ravule

[keviinusa]

Just now, batman2 said:

propaganda cloud nunchi bayataki vasthe real/fake ento thelusthai

dont worry nee twitter feed lo ee news ravule

Endi 8 yrs high ki manufacturing ki poinda sab changasii 

[batman2]

6 minutes ago, Picheshwar said:

mee lanti antis ki Burnol moment

may 2019 lo burnol motham out of stock

overseas nundi importing inka...

lockdown tharavatha malla adhe shortage antis ku

[Picheshwar]

1 minute ago, batman2 said:

may 2019 lo burnol motham out of stock

overseas nundi importing inka...

lockdown tharavatha malla adhe shortage antis ku

 from overseas

[batman2]

41 minutes ago, keviinusa said:

Endi 8 yrs high ki manufacturing ki poinda sab changasii 

bloomberg lo kuda vachindi news kuda created by bajapa antava??

https://www.bloombergquint.com/economy-finance/manufacturing-pmi-surges-to-the-highest-in-over-eight-years

[Spartan]

1 minute ago, batman2 said:

bloomberg lo kuda vachindi news kuda created by bajapa antava??

https://www.bloombergquint.com/economy-finance/manufacturing-pmi-surges-to-the-highest-in-over-eight-years

@dasari4kntr  source link.