PMI

Strong demand, easing price pressures amid mild job creation drive index

The survey noted that the February data pointed to a consecutive twenty-month rise in manufacturing production

Companies increase input inventories by purchasing additional materials, but hiring remains unchanged broadly

The govt's official PMI on Saturday showed that China's abrupt reversal of its Covid Zero policy pushed economic activity - its service sector in particular - to the slowest pace since February 2022

The 30-share BSE Sensex climbed 184.54 points or 0.29 per cent to settle at 63,284.19, its fresh record closing high

Manufacturing employment increases at 'marked rate' as factories report rise in orders, says survey

Fund raise drops by 93.3% year-on-year to $210 mn in the quarter

The data is further evidence of the toll China's Covid Zero strategy is taking on consumer spending and the economy.

PMI for services sector released by S&P Global dipped to 54.3 in September from 57.2 in August as weak external demand weighed on overall sales, with international order declining during the month

Those hikes have stoked fears of a sharp downturn in global demand that had underpinned exports

To rein in inflation, the RBI had hiked its key interest rate by a cumulative 190 basis points since early May

Rebound due to gains in new business, improvements in demand, and overtime work: Survey

US composite PMI at lowest since February 2021; Zoom tumbles on weak forecast; Macy's shares rise on earnings beat

The domestic market remained the key source of sales growth as international demand for Indian services worsened further, the survey said

The PMI decreased to 55.5 in July 2022 from 59.2 in June

Job creation is subdued though companies step up purchasing and report solid manufacturing activity

Weekend data indicated a surprise contraction in Chinese factory activity, highlighting the cost of Beijing's preference for mobility curbs to tackle Covid-19

Unrelenting inflation continued to worry businesses that were cautiously optimistic about the year-ahead outlook for business activity

However, companies resumed hiring in April, as seen by the first increase in employment since November

In PMI parlance, a print above 50 means expansion, while a score below 50 denotes contraction