Business conditions across the Indian manufacturing economy improved further in October, but purchasing manager index showed weakness, research commissioned by The Nikkei newspaper showed. October saw the weakest rise in output in current 24-month sequence of expansion and new orders increased at a slower pace. The Nikkei India PMI hit a 22-month low in October. […]
HSBC’s manufacturing PMI for India was weaker in June due to a decline in output and new order flow, including from overseas, the financial services firm said. PMI or purchasing manager’s index, is a gauge of confidence levels of purchasing managers in companies. It gives an indication of what companies expect will happen in the […]
HSBC said its manufacturing PMI (purchasing managers’ index) improved at the margin in June, led by output and new export orders. HSBC’s India manufacturing PMI rose marginally (51.5 vs. 51.4 in May) thanks to improved output (52.4 vs. 51.7 in May). However, ‘new orders’ (53.0 vs. 53.2 in May) slowed slightly despite a jump in […]
