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.
IND vs PAK: Nine cricketers from India have experience playing against PAK in the World Cup, five such players in Pakistan
Team India will have enough experience in handling the pressure in the great World Cup match between India and Pakistan. Nine cricketers in the Indian team have played against Pakistan in the World
Amritpal Singh: Fugitive Amritpal surrounded in Hoshiarpur, Punjab? Police sealed the area; ongoing search operation
Police are continuously raiding in search of Khalistan supporter Amritpal Singh. Since Tuesday night, the police have put a blockade in Hoshiarpur in search of Amritpal. The police have still sealed
From perfume boxes to marble pots, PM Modi presented G-7 leaders with unique gifts made in UP
Prime Minister Narendra Modi looks for opportunities to introduce the world to India's rich culture and heritage. The PM, who arrived in Germany to participate in the G-7 summit, presented invaluable
Mankirat Aulakh again surrounded in Musewala murder: Father's question without taking name - will action be taken against those who call Lawrence a friend
The statement of Balkaur Singh, father of Punjabi singer Sidhu Musewala, has re-highlighted a 2014 post by singer Mankirat Aulakh. However, he did not mention Mankirat Aulakh's name anywhere in his
PM Modi addressed the meeting of G-20 Foreign Ministers, said- Many countries are facing the sad consequences of failed misgovernance
Prime Minister Narendra Modi addressed the meeting of G-20 Foreign Ministers on Thursday. During this, he said, "I welcome you to India for the G20 Foreign Ministers' meeting. This indicates the need
Kolkata: Fire breaks out at Netaji Subhash Chandra Bose International Airport, no casualties; Check-in and flight operations restored
A fire broke out at the Netaji Subhash Chandra Bose International Airport in West Bengal's capital Kolkata on Wednesday night. The airport official said that the airport 3C departure was located near
Dollar vs Rupee: Rupee falling due to the indifference of foreign funds, reached a record low of 79.11
In early trade on Friday, the Indian rupee has slipped to the lowest level of Rs 79.11 against the dollar. It is believed that this has happened due to increasing bearish sentiment among investors due
Hardik Pandya found a new love! Who is the cricketer dating after separating from Natasha?
After separating from Natasha Stankovic, cricketer Hardik Pandya's name is being linked with a British singer. The singer's name is Jasmine Walia. Natasha and Hardik had confirmed the news of their
After 45 years, the babysitter was found, VIDEO: 8000 KM The person met the midwife after traveling, told- you were the one who raised her ... cried as soon as she recognized it
Those people who have loved you in your childhood are always in your mind. Something similar happened with Huanito Johnson, a resident of Spain. After 45 years, he found his childhood Aya and traveled
Bharat Jodo Yatra: Bharat Jodo Yatra is not for vote bank, Congress said – We forgot door-to-door contact
Congress General Secretary Jairam Ramesh said in Maharashtra's Washim on Tuesday that the purpose of the Bharat Jodo Yatra is not linked to the vote bank. "Our aim is above politics," he said.
