Manufacturing PMI

Why is it in the news
  • As per the recent data, the country's manufacturing sector performance eased to an eight-month low in April.
  • The business growth moderated, curbed by the elections and a challenging economic environment.
Core Sector
    • The Nikkei India Manufacturing Purchasing Managers' Index(PMI) declined from 52.6 in March to 51.8 in April.
    • This is the 21th consecutive month that the manufacturing PMI remained above the 50-point mark.
    • In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction.
    • Report Findings:
      (1) A softer increase in new orders created a domino effect in the Indian manufacturing industry, restricting growth of output, employment, input buying and business sentiment.
      (2) The one bright spot in April was exports, which expanded solidly and at a slightly quicker pace than in March.
      (3) Broken down by sector, capital goods was the key source of weakness, recording contractions in new business and output.
      1. Growth was meanwhile sustained at both consumer and intermediate goods makers.
Source
The Hindu.




Posted by Jawwad Kazi on 3rd May 2019
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