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India's Service Sector PMI Shows Contraction For Third Straight Month In July

The country's service sector continued to be stuck in contraction during July month. As per the data released by IHS Markit, purchasing managers' index (PMI) for services for July month came in at 45.4 versus 41.2 in June. A figure below 50 ...

India's Manufacturing PMI Rose To A Three-Month High In July

The IHS Markit purchasing managers' index (PMI) reported on Monday that manufacturing activity in India rebounded to a three-month high in July after falling owing to lockdowns in sections of the country to contain Covid-19. In July, the index increased to ...

India's Service PMI Slips In June, COVID-Hit Service Sector Decline In Sales

The purchasing managers' index (PMI) is an indicator based on company surveys that can be used to gain economic insight into a sector. The Manufacturing PMI and the Services PMI are the two most common PMI surveys. The IHS Markit India ...

Manufacturing PMI: Buying Levels Slip Fastest Amid Covid Crises

India's factory activity dropped for the first time in almost a year in June as limitations to contain the fatal second wave of the coronavirus sparked losses in demand and output, forcing firms to slash more positions, according to a private ...

India Services Sector Contracts For The First Time In 8 Months

The IHS Markit Services Purchasing Managers' Index in India fell to a nine-month low of 46.4 in May from 54.0 in April, sliding below the 50-level that separates growth from contraction for the first time in eight months. "PMI data ...

India's Manufacturing PMI At 10-Month Low; Heads Towards Stagnation In May

Despite the fact that the health of India's manufacturing sector improved in May, the newest figures suggest a considerable loss of growth momentum. Companies had the smallest increases in new work and output in ten months as the COVID-19 problem intensified ...

India's Service Sector PMI Dips To Three-Month Low In April Due To Covid Crisis

India's services sector index dropped to its lowest level in three months, though it stayed in the expansion zone and above the long-run average. The Indian service sector held up well in the face of the COVID-19 crisis, with a solid ...

India's Manufacturing Jobs Continued To Decline In April: PMI

In April, business conditions in India's manufacturing sector remained favorable, as companies increased production in response to increased demand. Though production and sales grew at the slowest rates since August as the COVID-19 crisis worsened, foreign orders increased at a faster ...

April PMI Manufacturing Improved By A Tad; Downsizing Eased

India's manufacturing activity improved marginally for the month of April. This is even as fresh domestic factory orders came in and output was again eased to eight-month low as the coronavirus situation in the country became intense amid the second ...

March Factory Activity Slows To 7-Month Low On Fresh Coronavirus Curbs

As per a private survey, India's factory activity witnessed slowest growth in seven months in March owing to fresh lockdowns to curb the spread of rising coronavirus cases which dragged both domestic demand as well as supply lower. Also, at the ...

February Services PMI Rise At Its Fastest Rate In A Year

Services activity in the country last month grew at its fastest rate in a year as there was seen robust recovery in demand though input cost increased at the fastest rate in eight years time, the survey showed. In the ...

February Manufacturing Activity Marginally Slows To 57.5

In February, manufacturing activity declined by a margin as tracked by IHS Markit India Manufacturing Purchasing Managers' Index (PMI). For the February month, manufacturing PMI came in at 57.5 versus 57.7 in the previous month. The headline figure remained above the ...

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