Contact Your Financial Adviser Money
Making MC
2
May 2018
 |
manufacturing sector
growth (The Total Investment &
Insurance Solutions)
Strong
demand accelerated India's manufacturing sector growth in April 2018, the
Nikkei India Manufacturing Purchasing Managers' Index (PMI) showed on
Wednesday. The Total Investment
& Insurance Solutions
The
composite indicator of manufacturing performance increased to 51.6 in April
2018 from 51 in March. The Total
Investment & Insurance Solutions
An
index reading of above 50 indicates an overall increase in economic activity
and below 50 an overall decrease.
According
to the PMI, faster expansions in output and new orders led to a higher reading
for April. The Total Investment
& Insurance Solutions
Commenting
on the PMI data, Aashna Dodhia, Economist at IHS Markit and the author of the
report, said: "The Indian manufacturing economy started the quarter on a
slightly stronger footing as growth picked-up from March's five-month low, buoyed
by stronger demand conditions.
"Putting
the PMI data under a magnifying glass, consumer goods was again the bright
spot, with output growth being the fastest among all the three market groups.
Meanwhile, investment goods was the weakest performing category as both
production and new orders declined during April."The Total Investment & Insurance Solutions
No comments:
Post a Comment