PMI Index: PMI was at the peak of eight months in July due to new orders, the effect of inflation reduced

Posted on 1st Aug 2022 05:15 pm by rohit kumar

The manufacturing sector activities in the country have seen a significant increase in July. The PMI index has reached the highest level in the last eight months. A weekly survey has revealed that business orders have seen a significant uptick in the past months.

 

The S&P Global India Manufacturing Purchasing Managers' Index, which was 53.9 in June, has risen to 56.4 in July. According to these figures, the condition of the manufacturing sector in the country is the best in the last eight months.

 

As per PMI data, the overall operating conditions of the construction sector are looking better than in the last 13 months. Let us tell you that in the PMI index, a figure above 50 indicates growth, while a figure below 50 indicates contraction in the construction sector.

 

According to Pollyanna De Lima, Economics Associate Director, S&P Global Market Intelligence, the Indian construction industry has seen little impact on economic growth and inflation in July. This is a good sign from an economic point of view.

 

Also Read: OLA Uber Merger: Bhavish Aggarwal clarified on the discussion of the merger of Ola and Uber, said- 'Absolutely rubbish...'

Other news

Sikkim Flood: Relief Commissioner of Sikkim visited the disaster-affected areas of Mangan district, took stock of the damage

Secretary of Revenue and Disaster Management Department and Relief Commissioner MT Sherpa on Thur

New Zealand Earthquake: Earth trembled in New Zealand after Turkey and Syria, magnitude of 6.1 on the Richter scale

New Zealand Earthquake: After Turkey and Syria, strong tremors of the earthquake have been felt i

When will the first meeting of the committee on 'One Country One Election' be held? Ramnath Kovind gave information

One Nation One Election Before the Lok Sabha elections in 2024, the Central Government has raised

Up to 40% off on newly launched laptops from Dell, HP, and Lenovo in Amazon deals

If you want a laptop with an i3 processor that can last up to 7 hours, don't forget to check lapt

Bharath Bandh: Vehicles crawling on Delhi-Meerut Expressway due to Bharat Bandh, jam in many areas due to barricading; See where the situation is

All the central unions including farmer organizations have called for Bharat Bandh across the cou

Salim Khan: 'Should I send Lawrence Bishnoi...', a burqa-clad woman threatens Salman's father Salim Khan

Film actor Salman Khan's father Salim Khan received a threat on Thursday morning. Salim Khan, who

Jailer Twitter Review: Rajinikanth-Tamannaah's 'Jailor' created a stir in the theatre, such a thing came out of the mouth after seeing the climax

Jailer Twitter Review: Before 'Gadar 2' and 'Oh My God-2' hit the theatres, South Superstar Rajin

Janmashtami 2024: CM Yogi will inaugurate the grand festival, and Brijbhoomi will get the gift of projects worth Rs 583 crore

Preparations for the 5251st Sri Krishna Janmashtami are in full swing in the pilgrimage town of M

PM Modi will inaugurate the No Money For Terror Conference: Representatives of 75 countries will be included; Pakistan-Afghanistan officials will not come, suspense on China

The no money for terror (NMFT) conference is being organized in Delhi today to stop terror fundin

Russia-Ukraine War: India distanced itself from the voting process in UNGA, showed the mirror to the world; ask sharp questions

India did not participate during the voting process of a resolution brought in the United Nations