The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, jumped to 56.8 in September from 52.0 in August
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Job losses continue as domestic demand struggles and export orders remain absent
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"The most prominent signs of trouble came from the new export orders and future activity indices, which respectively indicated tumbling global demand and softening domestic confidence," Kerr noted.
Coronavirus scare keeps companies spooked and business optimism low
The growth was driven by a sharp rise in new business orders amid a rebound in demand conditions.
The government on Monday said the Non Performing Assets (NPAs) of Public Sector Banks (PSBs) stood at Rs 7.27 trillion as on September 30, 2019
The IHS Markit India Manufacturing PMI rose from 52.7 in December to 55.3 in January, its highest level in just under eight years
In response to the jump in sales, factories hired new workers at the fastest rate in more than seven years
However, the upturn remaining subdued compared to earlier, growth rates for new orders and production remained modest
Although business conditions in the Indian manufacturing sector improved in November, the rise, however, remained subdued
Although business conditions in the Indian manufacturing sector improved in November, the rise, however, remained subdued compared to earlier this year and the survey history, the study said.
The PMI report said the cooling of manufacturing sector conditions continued in October, with both factory orders and production rising at the weakest rates.
The government will by the end of October submit its report on potential wrongdoing at three Indiabulls Group companies.
The survey noted that business confidence sank to one of the lowest levels seen in over two-and-a-half years
Overall demand only rose marginally in September, hurt by almost no growth in exports, and firms barely increased headcount last month, the survey showed
The manufacturing sector activities improved in July as new work orders and output strengthened from the previous month
This is the 23rd consecutive month that the manufacturing PMI has shown a growth