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Manufacturing activity rebounds to a 3-month high: Survey

Manufacturing activity rebounds to a 3-month high: Survey Top Searches Manufacturing activity rebounds to a 3-month high: Survey TNN / Aug 3, 2021, 04:27 IST FacebookTwitterLinkedinEMail NEW DELHI: Manufacturing activity in the country bounced back to a three-month high in July on the back of rising new orders, exports, quantity of purchases and input stocks helped by the lifting of curbs across the country as Covid cases moderated and economic activity resumed, a survey showed on Monday. After slipping into contraction for the first time in 11 months during June, the IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) moved back above the critical 50-point mark in July. The headline figure was up from 48.1 in June to 55.3. The 50-point separates expansion from contraction.

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Manufacturing Purchasing Managers' Index jumps to 55.3 in July

FINANCIAL CHRONICLE Updated Aug 3, 2021, 11:36 am IST According to monthly IHS Markit India Manufacturing Purchasing Managers’ Index survey, the index moved above the critical 50.0 threshold Output rose at a robust pace, with over one-third of companies noting a monthly expansion in production,” Pollyanna De Lima, economics associate director at IHS Markit, said. Representational image/By arrangement New Delhi: After slipping into contraction for the first time in 11 months in June, India’s manufacturing activity posted the strongest growth in Covid-hit three months in July, with states easing localised pandemic restrictions. All the manufacturing activities recovered from a major fall in June, as output, new orders, exports, quantity of purchases and input stocks all returned to growth territory.

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Manufacturing rebounds in July, exports at record high

Manufacturing rebounds in July, exports at record high SECTIONS Last Updated: Aug 03, 2021, 06:51 AM IST Share Synopsis Backing the recovery in manufacturing, official data released Monday showed India’s exports rising a sharp 48% year-on-year to a record $35.2 billion in July, buoyed by a growth in petroleum products, gems and jewellery, and engineering goods. Imports last month were at the second highest in history. Agencies India’s merchandise exports in July 2021 was $35.17 bn, an increase of 34% over July 2019. India’s manufacturing activity revived in July and posted the strongest growth in three months along with a marginal increase in employment as states eased localised restrictions, a private survey showed on Monday.

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sensex and nifty today: Sensex hits all time high: Key factors driving the market

sensex and nifty today: Sensex hits all time high: Key factors driving the market
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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India output growth reinstated amid rebound in factory orders: IHS Markit

India output growth reinstated amid rebound in factory orders: IHS Markit
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