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June 2017
India's
manufacturing sector output slowed down last month due to a softer expansion in
new orders and production, a key macro-economic data showed on Thursday.
The
Nikkei India Manufacturing Purchasing Managers' Index (PMI), which is a
composite indicator of manufacturing performance stood at 51.6 from the index
reading of 52.5 reported in April 2017. The
Total Investment & Insurance Solutions
An
index reading of above 50 indicates an overall increase in economic activity,
and below 50 an overall decrease. The Total
Investment & Insurance Solutions
"The
upturn in the Indian manufacturing sector took a step back in May, with softer
demand causing lower expansions in output and the amount of new work received
by firms. Moreover, there was a renewed decline in new export orders,"
said Pollyanna De Lima, economist at IHS Markit and the author of the report. The Total Investment & Insurance Solutions
"Echoing
a more positive tone, the PMI dataset highlighted a stronger increase in
businesses' input purchasing, while optimism reached a six-month peak.
Additionally, cost inflationary pressures cooled."The Total Investment & Insurance Solutions
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