The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) stood at 52.3 in August, down from 55.3 in July, indicating a softer rate of growth that was subdued and below its long-run average.
IHS Markit said its manufacturing PMI climbed to 57.1 in December from 56.7 in November.
A merged LSE and Refinitiv would still be eclipsed by financial data leader Bloomberg LP but it will outrank a combination of S&P and IHS Markit, whose $44 billion deal announced this week was the largest acquisition of 2020.
American cloud-based software company, Salesforce.com Inc has announced that it is acquiring Slack, a workforce chat platform, for $27.7 billion. Earlier the data giant S&P Global also announced its acquisition of IHS Markit in a deal worth $44 billion - the biggest merger of 2020. Here's a look at top 10 global deals of the year
Information has always been central to the workings of financial institutions, whether a Swiss private bank, Boston money manager or a City of London investment bank
S&P Global, valued at around $82 billion, controls the Standard and Poor's ratings agency and traces its roots to the 1860s.
IHS said the medium-term economic outlook for India remains favourable, supported by a number of key growth drivers.
A national lockdown began on March 25 and has continued in various phases into the month of June, albeit with significant easing of restrictions since early May.
Manufacturing continued to shrink in May, testimony to the severity of the lockdown.
The reduction in employment was the quickest in the survey’s history
The March numbers had provided a glimpse of how bad things were, but the April data can only be described as horrific.
The COVID-19 pandemic has left crude oil stranded and may have caught speculators on the wrong foot
The Nikkei/IHS Markit Services Purchasing Managers' Index climbed to 57.5 in February from January's 55.5. It was the highest reading since January 2013 and comfortably above the 50-mark separating growth from contraction for a fourth month.
With the exception of the government shutdown of 2013, US business activity contracted in February for the first time since the global financial crisis
The PMIs show a divergence between the US and the other economies, but that has been around for quite some time.
The upturn is among the weakest in the last one and a half years
A survey by IHS Markit shows that sentiment towards output, profitability and capital spending are at their lowest levels since 2009
Capital markets in Asia are diverse, characterized by differing levels of structural maturity, complex regulatory frameworks
That seems to suggest that goods producers too believe that this is a cyclical slowdown which will pass in some time. Remember that the RBI has predicted that economic growth will be better from the second half of the current year itself.
The IHS Markit India Composite PMI for July at eight-month high
The IHS Markit India survey says conditions in the manufacturing sector improved in July
Businesses are discouraged from investing when demand is tepid. We need to watch out for the precursors of a permanent lowering of income expectations by consumers. It is time to shine the spotlight on the structural aspects of the slowdown.
The reasons for plummeting optimism are all too familiar. Companies are worried about a slowing economy, public policies, weak sales, rupee depreciation, lack of skilled labour and even water shortages.
Will the economy revive once the political uncertainty is over?
The Nikkei India Manufacturing Purchasing Managers' Index strengthened from 52.2 in September to 53.1 in October as new orders and production increased at the quickest rate in four months.