FOREX TradingCharts.com

Financial News: India Manufacturing Growth Remains Strong Despite Slowing

India Manufacturing Growth Remains Strong Despite Slowing

01/03/2022 - 03:30:00 (RTTNews)

(RTTNews) - India's manufacturing sector growth eased in December, but the pace of expansion remained robust amid substantial, albeit slower, gains in sales and output, survey results from IHS Markit showed on Monday.

The manufacturing Purchasing Managers' Index fell to 55.5 in December from 57.6 in November. A score above 50.0 indicates expansion.

The quarterly reading was 56.3, the highest score since the final quarter of fiscal year 2020/21.

New orders increased further in December and production rose at a sharp pace.

The rate of inflation eased to the lowest in three months in December and output charges increased, with the overall rate of inflation being the weakest since October 2020.

The overall degree of optimism remained below its long-run average.

Employment declined in December and input inventories expanded. Lead time increased and new export orders rose for the sixth straight month.

"The last PMI results of 2021 for the Indian manufacturing sector were encouraging, with the economic recovery continuing as firms were successful in securing new work from domestic and international sources," Pollyanna De Lima, economics associate director at IHS Markit, said.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


UK Govt Borrowings Stay Below OBR Forecast (11 min(s), 59 sec(s) ago)
(RTTNews) - The UK government borrowing remained below the forecast of the Office for Budget Respo ...Full Story»

Hungary Average Gross Wages Increase In November (01 hr(s), 35 min(s), 59 sec(s) ago)
(RTTNews) - Hungary's average gross earning growth accelerated in November, figures from the H ...Full Story»

Turkish Manufacturing Capacity Utilization Declines In January (01 hr(s), 36 min(s), 59 sec(s) ago)
(RTTNews) - Turkey's manufacturing capacity utilization rate decreased in January, figures fro ...Full Story»

UK Manufacturers Expect Order Growth To Slow: CBI (01 hr(s), 47 min(s), 59 sec(s) ago)
(RTTNews) - The UK manufacturers expect total new order growth to slow in coming three months, ref ...Full Story»

Spain Producer Price Inflation At Record High (02 hr(s), 07 min(s), 59 sec(s) ago)
(RTTNews) - Spain's producer price inflation accelerated for an eleventh month in December to ...Full Story»

Lithuania Industrial Production Rises In December (02 hr(s), 26 min(s), 59 sec(s) ago)
(RTTNews) - Lithuania's industrial production increased in December, figures from Statistics L ...Full Story»

Germany Ifo Business Confidence Strengthens In January (02 hr(s), 52 min(s), 59 sec(s) ago)
(RTTNews) - German business confidence improved at the start of the year as companies expect the d ...Full Story»

Finland Jobless Rate Falls In December (04 hr(s), 27 min(s), 59 sec(s) ago)
(RTTNews) - Finland's jobless rate declined in December, figures from Statistics Finland showe ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

UK Govt Borrowings Stay Below OBR Forecast

01/25/2022 - 08:06 AM (RTTNews)
(RTTNews) - The UK government borrowing remained below the forecast of the Office for Budget Respo ...Full Story>>

Hungary Average Gross Wages Increase In November

01/25/2022 - 06:42 AM (RTTNews)
(RTTNews) - Hungary's average gross earning growth accelerated in November, figures from the H ...Full Story>>

Turkish Manufacturing Capacity Utilization Declines In January

01/25/2022 - 06:41 AM (RTTNews)
(RTTNews) - Turkey's manufacturing capacity utilization rate decreased in January, figures fro ...Full Story>>

UK Manufacturers Expect Order Growth To Slow: CBI

01/25/2022 - 06:30 AM (RTTNews)
(RTTNews) - The UK manufacturers expect total new order growth to slow in coming three months, ref ...Full Story>>

Spain Producer Price Inflation At Record High

01/25/2022 - 06:10 AM (RTTNews)
(RTTNews) - Spain's producer price inflation accelerated for an eleventh month in December to ...Full Story>>

Do not sell my personal information

Copyright © 2022. 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.