FOREX TradingCharts.com

Financial News: India Manufacturing Sector Improves Sharply In October

India Manufacturing Sector Improves Sharply In October

11/02/2020 - 03:41:00 (RTTNews)

(RTTNews) - India's manufacturing activity improved sharply in October, survey results from IHS Markit showed on Monday.

The headline IHS Markit manufacturing Purchasing Managers' Index, or PMI, rose to 58.9 in October from 56.8 in September. Economists had expected a fall of 55.4. Any reading above 50 indicates expansion in the sector.

Sales increased at the strongest pace since mid-2008 in October and new export orders rose at the quickest pace in nearly six-years.

Firms increased the production at the strongest pace recorded since late-2007 and led to an increase in input buying.

Employment fell for the seventh month in a row in October, albeit at the weakest sequence. Backlogs of work rose at the slowest pace in the current six-month period.

Suppliers' delivery time lengthened for the seven months in October.

Input cost increased at a quicker pace in October, though the rate of inflation remained modest by historical standards. Output charges rose, but the rate of charge inflation was negligible.

The confidence toward the 12-month outlook for production increased as firms hoped for an end of Covid-19 cases and reopening of sectors. The level of confidence was the highest in 50 months.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


UK Chancellor Sunak Boosts Spending, Warns Of Economic Emergency (16 min(s), 37 sec(s) ago)
(RTTNews) - UK Chancellor of the Exchequer Rishi Sunak on Wednesday boosted spending on infrastruc ...Full Story»

U.S. Personal Income Drops In October, But Personal Spending Rises (01 hr(s), 06 min(s), 37 sec(s) ago)
(RTTNews) - The Commerce Department released a report on Wednesday showing a decrease in U.S. pers ...Full Story»

U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated (01 hr(s), 19 min(s), 37 sec(s) ago)
(RTTNews) - Revised data released by the University of Michigan on Wednesday showed consumer senti ...Full Story»

U.S. New Home Sales Unexpectedly Dip 0.3% In October (01 hr(s), 36 min(s), 37 sec(s) ago)
(RTTNews) - New home sales in the U.S. unexpectedly edged lower in the month of October, according ...Full Story»

U.S. Durable Goods Orders Jump 1.3% In October, More Than Expected (01 hr(s), 58 min(s), 37 sec(s) ago)
(RTTNews) - New orders for U.S. manufactured durable goods increased by more than expected in the ...Full Story»

U.S. Weekly Jobless Claims Unexpectedly Climb To 778,000 (02 hr(s), 06 min(s), 37 sec(s) ago)
(RTTNews) - Fist-time claims for U.S. unemployment benefits unexpectedly increased in the week end ...Full Story»

Spike In U.S. GDP In Third Quarter Unrevised At 33.1% (03 hr(s), 06 min(s), 37 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Wednesday showed the spike in gross do ...Full Story»

U.S. Durable Goods Orders Jump More Than Expected In October (03 hr(s), 10 min(s), 37 sec(s) ago)
(RTTNews) - New orders for U.S. manufactured durable goods increased by more than expected in the ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

UK Chancellor Sunak Boosts Spending, Warns Of Economic Emergency

11/25/2020 - 11:38 AM (RTTNews)
(RTTNews) - UK Chancellor of the Exchequer Rishi Sunak on Wednesday boosted spending on infrastruc ...Full Story>>

U.S. Personal Income Drops In October, But Personal Spending Rises

11/25/2020 - 10:48 AM (RTTNews)
(RTTNews) - The Commerce Department released a report on Wednesday showing a decrease in U.S. pers ...Full Story>>

U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated

11/25/2020 - 10:35 AM (RTTNews)
(RTTNews) - Revised data released by the University of Michigan on Wednesday showed consumer senti ...Full Story>>

U.S. New Home Sales Unexpectedly Dip 0.3% In October

11/25/2020 - 10:18 AM (RTTNews)
(RTTNews) - New home sales in the U.S. unexpectedly edged lower in the month of October, according ...Full Story>>

U.S. Durable Goods Orders Jump 1.3% In October, More Than Expected

11/25/2020 - 09:56 AM (RTTNews)
(RTTNews) - New orders for U.S. manufactured durable goods increased by more than expected in the ...Full Story>>

Do not sell my personal information

Copyright © 2020. 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.