Ihs markit india manufacturing - Latest News Update, Information, Photos & Videos on Ihs markit india manufacturing at Lokmat Times

The Indian manufacturing industry enjoyed a strong start to 2021 with compes scaling up production at the quickest pace in three months, according to the latest IHS Markit Manufacturing Purchasing Managers' Index (PMI) released on Monday.Firms were successful in their stock-building initiatives with a sharper upturn in quantity of purchases underpinning the strongest rise in input inventories in over a decade.While employment fell further, job shedding moderated. Price pressures meanwhile intensified, driven by capacity constraints in supply chains.The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) rose from 56.4 in December to 57.7 in January to signal the strongest improvement in the health of the sector in three months.Sustained sales growth supported a further upturn in manufacturing sector output in January. The rise in production was the sixth in successive months and the quickest since last October.Firms noted a faster expansion in new business inflows at the start of the year, the quickest in three months. Anecdotal evidence pointed to higher sales to new and existing clients as well as the securing of bulk orders.New orders and output rose across each of the three broad areas of the manufacturing sector. For both measures, rates of expansion picked up at consumer and capital goods firms but eased at intermediate goods makers.Aggregate new export orders continued to increase in January, taking the current stretch of growth to five months. Moreover, the pace of expansion was solid and quickened from December.Despite the pick-up in demand, manufacturing sector jobs decreased further in January. The pace of contraction was modest, however, and the slowest in the current ten-month sequence of reduction.Compes that refrained from hiring mentioned the observance of government norms to keep workers to a minimum."An important insight from the January survey was a pick-up in inflationary pressures as lingering supply-side squeeze drove the sharpest increase in purchasing costs for over two years," said Pollyanna De Lima, Economics Associate Director at IHS Markit."The favourable demand environment was accommodative of price hikes and charges were raised at the fastest pace in over a year," she said."Compes cheered the roll-out of Covid-19 vaccines and became more optimistic towards growth prospects, a position that is supportive of investment and job creation as businesses attempt to rebuild their inventories of finished goods and meet demand needs," said De Lima.The IHS Markit India Manufacturing PMI is compiled from responses to questionnaires sent to purchasing managers in a panel of around 400 manufacturers. The panel is stratified by detailed sector and company workforce size based on contributions to GDP.IHS Markit is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Salman Khan

Ihs Markit India ManufacturingFOLLOW

Ihs markit india manufacturing, Latest News

International :Covid 2.0 debts India's June manufacturing output: PMI

New Delhi, July 1 India's manufacturing sector output declined on a sequential basis in June, as the second ... ...

Business :Factory orders, production rise at slowest rates in 8 months: IHS Markit

Economic conditions in India's manufacturing sector remained favourable in April as companies scaled up production in line with a further improvement in demand, according to the latest IHS Markit Manufacturing PMI released on Monday. ...

Business :New orders, production in India continue to rise sharply: IHS Markit

Manufacturing sector conditions in India continued to improve sharply in March despite some loss of growth momentum, according to the latest IHS Markit Manufacturing PMI released on Monday. ...

Business :Feb manufacturing growth remains flat: PMI

New Delhi, March 1 India's manufacturing sector growth remained flat-to-positive in February, as improving business environment pushed order ... ...

Business :Indian manufacturing industry starts 2021 with strong growth: IHS Markit

The Indian manufacturing industry enjoyed a strong start to 2021 with companies scaling up production at the quickest pace in three months, according to the latest IHS Markit Manufacturing Purchasing Managers' Index (PMI) released on Monday. ...