SME Times is powered by   
Search News
Just in:   • Sensex ends 205 pts lower after IMF cuts growth forecast  • HCL launches dedicated Microsoft business unit  • Budget session of Odisha Assembly to begin on Feb 14  • Zomato acquires UberEats India for nearly Rs 2,500 crore   • Relief to consumers as fuel prices dip further on Tuesday 
Last updated: 02 Sep, 2019  

Manufacturing.Border.Thmb.jpg Manufacturing PMI slumps to 15-month low in August

Manufacturing.9.jpg
   Top Stories
» NIC TechConclave 2020 to kick off Tuesday
» Don't want law that looks at businesses with suspicion: Sitharaman
» 186 agri products testing laboratories set up by APEDA
» Indo-German cooperation meeting held
» Goyal to lead Indian delegation to WEF 2020
SME Times News Bureau | 02 Sep, 2019

Slowing economy and high input costs dragged India's August manufacturing Purchasing Managers Index (PMI) to a 15-month low.

The seasonally adjusted IHS Markit India manufacturing PMI came in at 51.4 in August, its lowest since May 2018. In July, the index stood at 52.5.

An index reading of above 50 indicates overall increase compared with the previous month, and below 50 the decrease.

According to the report, despite flow of new business, the rate of expansion eased to a 15-month low.

The subdued sales to domestic and international clients in turn curbed output growth, which softened to the weakest in a year. Some survey members also reported cash-flow issues and lack of available finance.

Commenting on the latest survey, Pollyanna de Lima, Principal Economist at IHS Markit, said, "August saw an undesirable combination of slowing economic growth and greater cost inflationary pressures in the Indian manufacturing industry."

Most PMI indices moved lower, including key health-check measures for new orders, output and employment. In the last two cases, the rate of expansion was particularly weak when we look at the survey history.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 21 Jan, 2020
  Daily Poll
Ease of doing business improved in last one year
 Yes
 No
 Can't say
  Commented Stories
» MRF to set up a new plant in Gujarat(3)
» MSME: Budget expectations(1)
» China's forex reserves reach USD 2.85 trillion(1)
» 'Capital Adequacy Ratio' above regulatory norms: Yes Bank(1)
» SMEs can enhance RoI with 'Planet NI Program': Victor Mieres(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter