India's manufacturing sector growth remained stagnant in May. The S&P's monthly report on the Indian manufacturing outlook, released on Wednesday, said the purchase manager's index (PMI) for the manufacturing sector stood at 54.6 in May, up from 54.7 in April. This is indicative of a largely stagnant recovery activity in the manufacturing sector.
The report said that the rate of growth in new orders and production remained the same as last month, despite the jump in selling prices, showing signs of resiliency in demand. Note that a PMI above 50 indicates expansion, while a score below 50 indicates contraction. Poliana de Lima, associate director (economics) at S&P Global Market Intelligence, says India's manufacturing sector maintained a strong growth momentum in May. Thanks to the fastest growth in international sales, total new orders also increased. Seeing the demand flexibility, it continued its efforts to renew its stock and also hired additional people.
The report said that the rate of receipt of new export orders has also increased in May. This is the fastest and fastest expansion since April 2011. Manufacturing jobs also rose in May on the back of continued improvement in sales. Despite modest growth, the manufacturing sector's employment growth rate has become the strongest since January 2020. On the price front, May was the 22nd consecutive month when the cost of production increased. Companies recorded higher prices for electronic components, electricity, foodstuffs, metals, and textiles. According to the survey, business sentiment was adversely affected by inflation concerns in May and the overall level of business confidence was the second-lowest in two years.
The level of AQI in this city of China is 999, Bhopal in India and Lahore in Pakistan are the most toxic
With the onset of winter in the states of North India, smag has also started. Alam is that it is so much in the beginning that because of this, schools have been closed, then somewhere warnings have
Mahakumbh: Lauren Powell reached Sangam for Amrit bath riding on Kailashananda's chariot, seen in saffron clothes
Accompanied by Acharya Mahamandaleshwar Swami Kailashanand Saraswati of Niranjani Akhara, she reached for Amrit Snan (Royal) bath on a chariot. The media of the world was stunned to see Lauren Powell,
Ram Temple: Preparations for Ram Janmabhoomi Pran Pratistha Mahotsav intensified, former Chief Minister of Karnataka will also participate
The date of 22 January 2024 is going to be recorded in the pages of history in Ayodhya. The grand Ram temple is to be consecrated on this day. In such a situation, all preparations have been
Increase in electricity rate in Sri Lanka by 264%: Regulator gave permission, said - change is necessary to make up for the deficit
Tariffs will be increased by 264% for people who consume less electricity in Sri Lanka. Whereas for people who consume more, this rate will be less. The Ceylon Electricity Board (CEB) said the tariff
Vijay Nair sent on five-day CBI remand, arrested in excise policy case
A Delhi court has sent Vijay Nair to CBI remand for five days. CBI had sought seven days remand. The CBI had arrested businessman Vijay Nair in Mangarwar. This is the first arrest in the alleged
MahaKumbh 2025: Training was given from telling the specialty of the city to talking to the tourists, Prayagraj is ready to welcome them
Preparations for the Maha Kumbh are in full swing in Prayagraj. Many efforts are being made to welcome the devotees during the Maha Kumbh. Special preparations are being made by the Tourism Department
Petrol Diesel Price Today: Oil companies released the prices of petrol and diesel, know the prices of your city
Petrol Diesel Price: Oil companies have released the prices of petrol and diesel for today. Today companies have changed the prices of oil in Delhi and Chennai. A few months back, the government
RCB vs KKR Dream 11 Prediction: Kohli-Faf will rock together, Andre Russell will also do wonders, and playing 11 will be like this
In the 36th match of IPL 2023, Royal Challengers Bangalore will clash with Kolkata Knight Riders. The Bangalore team is in excellent form at the moment and in the last match, RCB defeated Rajasthan.
The main contest between these parties in Meghalaya and Nagaland, by-elections in 4 states today, 10 special things
Voting is underway because of the assembly elections in Meghalaya and Nagaland. This time people are going to vote on the demand for a separate state, elimination of corruption, and other issues. The
Russia starts nuclear drill: Ballistic missile launch in the presence of Putin, all three forces on alert
On Wednesday, Russia started a nuclear drill amid the ongoing war with Ukraine. During this, ballistic missiles were also launched. Its footage was released by government TV. According to reports,
