Contact Your Financial Adviser Money Making MC
3
July 2017
India's
manufacturing sector's expansion slowed last month due to weak demand, a key
macro-economic data showed on Monday. The Total
Investment & Insurance Solutions
The
Nikkei India Manufacturing Purchasing Managers' Index (PMI), which is a composite
indicator of manufacturing performance stood at a four-month low of 50.9 in
June from the index reading of 51.6 reported in May 2017. The Total Investment & Insurance Solutions
Nevertheless,
the headline figure averaged 51.7 during the April to June quarter, above the
51.2 seen in fourth quarter FY 2016. 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
"For
the third month in a row production growth in India eased during June. The
slowdown occurred due to weak client demand, with order books up at a slight
and softer pace," said Pollyanna De Lima, economist at IHS Markit and the
author of the report.
"In
many cases, businesses indicated that growth was held back as a reflection of
water scarcity and the impending introduction of the goods and services tax
(GST)."
According
to the report, input costs continued to increase, with "anecdotal
evidence" pointing towards higher prices of chemicals, food, plastics and
rubber.
However,
the rate of inflation was modest and the weakest since August 2016. Likewise,
output charges rose only slightly and at a below-trend pace.
"On
a more cheerful pitch, the PMI survey showed strong foreign demand for
Indian-manufactured products in June. New orders from external markets
increased at a solid rate that was the most pronounced in eight months,"
De Lima said.
No comments:
Post a Comment