India HSBC Manufacturing PMI
Based on a survey of 500 manufacturing enterprises, The IHS Markit India Manufacturing Purchasing Managers Index evaluates the performance of the manufacturing sector in India. All five indicators were evaluated based on the characteristics: New Orders (30%), Production (25%), Workforce (20%), Provider Delivery Times (15%), and Inventory of Items Purchased (10%), and Stock of Items Purchased (10%), with the Delivery Times index reversed so that it moves in the same direction as the other four indexes. A rating above 50 indicates that the manufacturing sector increased in the preceding month, a reading below 50 implies a decline, and a reading of 50 shows no change.
A higher than expected figure should be seen as positive (bullish) for the INR while a lower than expected figure should be seen as negative (bearish) for the INR.
News (INR)
India Services Growth Strengthens In October
India's services activity growth recovered from September's ten-month low on sharper expansion in output and new business, final data from S&P Global showed on Wednesday. The HSBC final services Purchasing Managers' Index registered 58.5 in October, up from 57.7 in September. The flash score was 57.9. New business growth accelerated from a ten-month low seen in September.
RTTNews | 15 days ago
India Manufacturing Activity Growth Gains Momentum
India's manufacturing sector growth accelerated in October as rising new orders lifted production and confidence, data compiled by S&P Global showed on Monday. The HSBC final manufacturing Purchasing Managers' Index rose to 57.5 in October from an eight-month low of 56.5 in September. The flash reading was 57.4. A score above 50.0 indicates expansion.
RTTNews | 17 days ago
India Central Bank Policy Stance Shift To Neutral Opens Door For Rate Cuts
The Reserve Bank of India maintained its interest rate for the tenth straight meeting on Wednesday, and shifted its monetary policy stance to neutral, paving the way for the first interest rate cut in four years as inflation is expected to moderate. The RBI Monetary Policy Committee, led by Governor Shaktikanta Das, voted 5-1 to keep the policy repo rate unchanged at 6.50 percent.
RTTNews | 42 days ago
