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HSBC Flash India Composite PMI slipped to 58.9 in December from 59.7 in November. Manufacturing and services lose momentum even as export orders pick up and inflation pressures remain muted
The performance of the services sector was in contrast to the manufacturing index, which witnessed a decline in activity to a 14-month low of 56.3 in February
UBS has a neutral rating on Siemens India, while Elara and Nuvama have Accumulate and Hold rating, respectively. Antique has maintained a buy call citing growth opportunities, and HDFC Securities has a buy rating, with a target price of Rs 8114.
The final composite Purchasing Managers' Index for India for February, released on March 5, had come in at 60.6
The February flash Purchasing Managers' Index for the Indian manufacturing sector, released on February 22, had come in at 56.7.
The forthcoming Monetary Policy Committee meeting will have to take into account both the strength of the manufacturing PMI for July and the inflationary pressures
For the economy, one important takeaway from the tepid Chinese PMI manufacturing numbers is that input cost inflation will remain low. That should help commodity importers such as India
India’s manufacturing PMI is far higher than that of most other economies in Asia. That explains the return of the FIIs and should provide support to the Indian stock market
For the US, UK and the Eurozone, the Flash Manufacturing PMIs for May are all below 50, which means they have shrunk compared to the previous month. In contrast, the Flash PMI for the services sector shows robust expansion
Both manufacturing and services PMIs indicate very strong growth
While manufacturing activity expanded, input cost inflation eased to its second-lowest level in two-and-a-half years, S&P Global said
The manufacturing PMI has now been above 50 for 19 months in a row
While the global manufacturing decline is likely to get worse with new orders decreasing, in India new orders show strong growth
June is the 12th consecutive month in which India's manufacturing PMI has stayed above 50.
Manufacturing growth continues to be strong in spite of higher output prices
Manufacturing growth has not only remained strong but has seen increased momentum despite the supply disruptions caused by the Ukraine war, Chinese shutdowns and high fuel prices
At 54.0, the March manufacturing PMI for India is the joint-lowest since September 2021.
There could, however, be a restocking bounce in March, as finished goods stocks are low
The pick-up in the manufacturing PMI comes after a month in which the Omicron-variant-led third COVID-19 wave dampened activity
Supply chain problems persisted, with vendor performance worsening to the greatest extent since August 2020
Manufacturing PMI signals India is seeing the strongest pace of expansion in Asia
Festival demand boosted manufacturing sector, but input prices surged
In today’s edition of Moneycontrol Pro Weekender: The PMI shine, Opec+ has its task cut out, the Weekly Tactical, the Immunity Tracker, digital health ID and policy gaps, and more
The India Manufacturing PMI gained momentum in September, signalling better consumer demand
Business sentiment in both manufacturing and services was subdued, in marked contrast to euphoria in equity markets
