FOREX TradingCharts.com

Financial News: India Manufacturing Growth At 8-Month Low

India Manufacturing Growth At 8-Month Low

05/02/2019 - 04:27:00 (RTTNews)

(RTTNews) - India's manufacturing expansion eased to an eight-month low in April, as almost all components except exports weakened, survey data from IHS Markit showed on Thursday.

The headline Nikkei/ IHS Markit manufacturing Purchasing Managers' Index, or PMI, fell to 51.8 in April from 52.6 in March.

Any reading above 50 indicates an expansion in the sector.

Order book volumes increased at the weakest pace in eight months, damped by the elections and a challenging economic environment. New export order growth remained solid and was marginally faster than in March.

Holdings of finished items continued to decline and the pace of depletion was the quickest in seven months.

Employment in manufacturing rose fractionally which was the weakest in the current thirteen-month sequence of job creation.

Quantities of purchases expanded at the slowest pace since mid-2018.

Input cost inflation eased to a forty-three-month low. The rate of charge inflation was marginal and below its long-run average.

Outstanding business at factories was the slowest in six months.

"Firms seem to have adopted a wait-and-see approach on their plans until public policies become clearer upon the formation of a government," Pollyanna De Lima, Principal Economist at IHS Markit, said.

"With price pressures in the manufacturing economy cooling and growth losing momentum, it's increasingly likely that the RBI may cut its official rate for a third successive time in June."

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


OECD Trims Global Growth Outlook On Trade Disputes (21 min(s), 02 sec(s) ago)
(RTTNews) - The Organization for Economic Co-operation and Development lowered the 2019 global gro ...Full Story»

Slovenia Output Prices Rise In April (02 hr(s), 06 min(s), 02 sec(s) ago)
(RTTNews) - Slovenia output prices rose in April, figures from the Statistical Office of the Repub ...Full Story»

UK Manufacturing Orders Lowest Since Late 2016: CBI (02 hr(s), 26 min(s), 02 sec(s) ago)
(RTTNews) - UK manufacturing orders hit its lowest level since October 2016, the Industrial Trends ...Full Story»

Thailand Cuts Outlook After Economy Logs Weakest Growth Since 2014 (03 hr(s), 36 min(s), 02 sec(s) ago)
(RTTNews) - The Thai economy grew at the slowest pace in more than four years in the first quarter ...Full Story»

OECD Downgrades 2019 Global Growth Projection (03 hr(s), 49 min(s), 02 sec(s) ago)
(RTTNews) - The Organization for Economic Co-operation and Development downgraded the global growt ...Full Story»

Turkey Consumer Confidence Eases In May (04 hr(s), 54 min(s), 02 sec(s) ago)
(RTTNews) - Turkey's consumer confidence eased in May after rising in the previous month, figu ...Full Story»

Denmark Consumer Confidence At 8-Month High (05 hr(s), 06 min(s), 02 sec(s) ago)
(RTTNews) - Denmark's consumer confidence grew to the highest level in eight months in May, su ...Full Story»

New Zealand Credit Card Spending Rises In April (05 hr(s), 41 min(s), 02 sec(s) ago)
(RTTNews) - New Zealand's credit card spending increased in April, after falling in the previo ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

OECD Trims Global Growth Outlook On Trade Disputes

05/21/2019 - 08:56 AM (RTTNews)
(RTTNews) - The Organization for Economic Co-operation and Development lowered the 2019 global gro ...Full Story>>

Slovenia Output Prices Rise In April

05/21/2019 - 07:11 AM (RTTNews)
(RTTNews) - Slovenia output prices rose in April, figures from the Statistical Office of the Repub ...Full Story>>

UK Manufacturing Orders Lowest Since Late 2016: CBI

05/21/2019 - 06:51 AM (RTTNews)
(RTTNews) - UK manufacturing orders hit its lowest level since October 2016, the Industrial Trends ...Full Story>>

Thailand Cuts Outlook After Economy Logs Weakest Growth Since 2014

05/21/2019 - 05:41 AM (RTTNews)
(RTTNews) - The Thai economy grew at the slowest pace in more than four years in the first quarter ...Full Story>>

OECD Downgrades 2019 Global Growth Projection

05/21/2019 - 05:28 AM (RTTNews)
(RTTNews) - The Organization for Economic Co-operation and Development downgraded the global growt ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.