FOREX TradingCharts.com

Financial News: India Manufacturing Growth Unexpectedly Slows

India Manufacturing Growth Unexpectedly Slows

01/04/2021 - 04:08:00 (RTTNews)

(RTTNews) - India's manufacturing expansion unexpectedly slowed, but slightly, in December, survey results from IHS Markit showed on Monday.

The headline IHS Markit manufacturing Purchasing Managers' Index, or PMI, rose to 56.4 in December from 56.3 in November. Any reading above 50.0 indicates expansion in the sector.

Economists had expected the score to improve to 56.6.

Factory orders increased in December as the Covid-19 restrictions eased. At the same time, demand strengthened and market conditions improved, leading to rising production.

New export orders rose, but at the slowest pace in the current-four month sequence of expansion, and additional input purchases were made in December.

Stocks of purchases rose at the quickest pace since March 2011, while stocks of finished goods declined. Employment fell in December.

Input cost inflation rose to the highest in twenty-six months in December and output charges increased with rising cost burden. The rate of inflation was marginal.

The degree of optimism weakened to the lowest in four moths, as some firms were concerned about the effect of Covid-19 pandemic on the global economy.

"But, when we combine the latest three months we see that the performance of the manufacturing industry for the third quarter of fiscal year 2020/21 was notably better than in the second quarter," Pollyanna De Lima, economics associate director at IHS Markit, said.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


South Korea Producer Prices Jump 0.7% In December (15 min(s), 38 sec(s) ago)
(RTTNews) - Producer prices in South Korea were up 0.7 percent on month in December, the Bank of K ...Full Story»

U.S. Homebuilder Confidence Unexpectedly Drops In January (05 hr(s), 34 min(s), 38 sec(s) ago)
(RTTNews) - Reflecting concerns about rising material costs and the resurgence of the coronavirus, ...Full Story»

Cyprus HICP Inflation Remains Negative (06 hr(s), 15 min(s), 38 sec(s) ago)
(RTTNews) - Cyprus's EU measure of inflation remained in the negative territory for the ninth ...Full Story»

Luxembourg Jobless Rate Rises In December (06 hr(s), 22 min(s), 38 sec(s) ago)
(RTTNews) - Luxembourg's unemployment rate rose in December, after remaining steady in the pre ...Full Story»

UK House Price Inflation Highest Since Mid-2016 (09 hr(s), 20 min(s), 38 sec(s) ago)
(RTTNews) - UK house prices grew at the fastest pace in more than four years in November as homebu ...Full Story»

Greece Current Account Gap Narrows In November (09 hr(s), 36 min(s), 38 sec(s) ago)
(RTTNews) - The Greece current account deficit narrowed in November from the previous year, the Ba ...Full Story»

Austria Inflation Slows In December (09 hr(s), 50 min(s), 38 sec(s) ago)
(RTTNews) - Austria's consumer price inflation eased in December, figures from Statistics Aust ...Full Story»

Slovakia HICP Inflation Steady In December (09 hr(s), 56 min(s), 38 sec(s) ago)
(RTTNews) - Slovakia's EU measure of inflation remained stable in December, data from the Stat ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

South Korea Producer Prices Jump 0.7% In December

01/20/2021 - 16:19 PM (RTTNews)
(RTTNews) - Producer prices in South Korea were up 0.7 percent on month in December, the Bank of K ...Full Story>>

U.S. Homebuilder Confidence Unexpectedly Drops In January

01/20/2021 - 11:00 AM (RTTNews)
(RTTNews) - Reflecting concerns about rising material costs and the resurgence of the coronavirus, ...Full Story>>

Cyprus HICP Inflation Remains Negative

01/20/2021 - 10:19 AM (RTTNews)
(RTTNews) - Cyprus's EU measure of inflation remained in the negative territory for the ninth ...Full Story>>

Luxembourg Jobless Rate Rises In December

01/20/2021 - 10:12 AM (RTTNews)
(RTTNews) - Luxembourg's unemployment rate rose in December, after remaining steady in the pre ...Full Story>>

UK House Price Inflation Highest Since Mid-2016

01/20/2021 - 07:14 AM (RTTNews)
(RTTNews) - UK house prices grew at the fastest pace in more than four years in November as homebu ...Full Story>>

Do not sell my personal information

Copyright © 2021. 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.