FOREX TradingCharts.com

Financial News: India Manufacturing Growth At 2-Year Low

India Manufacturing Growth At 2-Year Low

11/01/2019 - 02:42:00 (RTTNews)

(RTTNews) - India's manufacturing activity grew at the slowest pace in two years in October driven by weak orders and production, survey data from IHS Markit showed on Friday.

The headline IHS Markit manufacturing Purchasing Managers' Index, or PMI, decreased to 50.6 in October from 51.4 in September. However, any reading above 50 indicates expansion in the sector.

Sales increased for the twenty-fourth month in a row in October but the upturn was the slowest over this period. Similarly, output expanded at the slowest rate in two years.

New export orders at a quicker pace than seen in September signaling that the domestic market was the source of weakness.

The overall cost burden declined with lower demand for raw materials and semi-finished items. At the same time, selling prices rose at the fastest pace in seven months.

Both pre- and post-production inventories decreased in October.

Payroll numbers continued to increase for 19 months, though the upturn in employment was the second weakest over this period, ahead of that seen in April. Further, the rise in backlogs was the fastest since March.

Finally, manufacturers were least upbeat towards the 12-month outlook for production since February 2017.

"Weakening demand had a domino effect in the manufacturing industry, knocking down rates of increase in production, employment and business sentiment," Pollyanna de Lima, principal economist at IHS Markit, said.

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


U.S. Consumer Sentiment Improves Much More Than Previously Estimated In November (02 hr(s), 55 min(s), 08 sec(s) ago)
(RTTNews) - With consumers more optimistic about the future than previously estimated, the Univers ...Full Story»

ECB's Lagarde Seeks New Policy Mix (04 hr(s), 34 min(s), 08 sec(s) ago)
(RTTNews) - Eurozone needs a new European policy mix that focuses on boosting public investment to ...Full Story»

German Economy Skirts Recession As Estimated (05 hr(s), 42 min(s), 08 sec(s) ago)
(RTTNews) - The German economy avoided a technical recession in the third quarter, as initially es ...Full Story»

Eurozone Private Sector Logs Subdued Growth (06 hr(s), 05 min(s), 08 sec(s) ago)
(RTTNews) - Euro area private sector grew at a much slower pace in November, indicating spillover ...Full Story»

UK Private Sector Contracts Most Since Mid-2016 (06 hr(s), 31 min(s), 08 sec(s) ago)
(RTTNews) - The UK private sector contracted at the fastest pace in more than two years in Novembe ...Full Story»

Latvia Producer Prices Fall In October (06 hr(s), 49 min(s), 08 sec(s) ago)
(RTTNews) - Latvia producer prices declined in October, led by a sharp fall in prices for the expo ...Full Story»

Taiwan Jobless Rate Eases Further (08 hr(s), 01 min(s), 08 sec(s) ago)
(RTTNews) - Taiwan's unemployment rate dropped for a second consecutive month in October, figu ...Full Story»

Eurozone Private Sector Remains Close To Stagnation (08 hr(s), 35 min(s), 08 sec(s) ago)
(RTTNews) - The euro area private sector remained close to stagnant for a third consecutive month ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Improves Much More Than Previously Estimated In November

11/22/2019 - 10:19 AM (RTTNews)
(RTTNews) - With consumers more optimistic about the future than previously estimated, the Univers ...Full Story>>

ECB's Lagarde Seeks New Policy Mix

11/22/2019 - 08:40 AM (RTTNews)
(RTTNews) - Eurozone needs a new European policy mix that focuses on boosting public investment to ...Full Story>>

German Economy Skirts Recession As Estimated

11/22/2019 - 07:32 AM (RTTNews)
(RTTNews) - The German economy avoided a technical recession in the third quarter, as initially es ...Full Story>>

Eurozone Private Sector Logs Subdued Growth

11/22/2019 - 07:09 AM (RTTNews)
(RTTNews) - Euro area private sector grew at a much slower pace in November, indicating spillover ...Full Story>>

UK Private Sector Contracts Most Since Mid-2016

11/22/2019 - 06:43 AM (RTTNews)
(RTTNews) - The UK private sector contracted at the fastest pace in more than two years in Novembe ...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.