69521
India Manufacturing PMI Slows
India Manufacturing PMI Slows

India Manufacturing PMI Slows

India Manufacturing PMI Slows

The Nikkei India manufacturing purchasing managers’ index dropped to a near eight-and-a-half year low of 47.9 in July from 50.9 in June, Indiainfonline reported. A reading above 50 indicates economic expansion, while one below 50 points toward contraction. “Manufacturing growth in India came to a halt in July, with the PMI down to its lowest mark in almost eight-and-a-half years amid widespread reports that the sector has been adversely affected by the implementation of the goods and services tax,” said Pollyanna De Lima, principal economist at IHS Markit, which compiles the survey. “The downturn was broad-based across all subsectors covered by the survey, with output scaled back among firms in the consumer, intermediate and investment goods categories amid falling order books,” the economist said.

 

 

Short URL : https://goo.gl/9733TL
  1. https://goo.gl/da1oX8
  • https://goo.gl/FmMNTC
  • https://goo.gl/v492i7
  • https://goo.gl/HGxy84
  • https://goo.gl/omJVMa

You can also read ...

Blue Economy Movement Gaining Traction in Africa
An increasing number of African countries are now embracing...
Japanese Prime Minister Shinzo Abe (C) speaks as European Commission President Jean-Claude Juncker (L) and European Council President Donald Tusk listen during  a joint press conference at Abe’s official residence in Tokyo on July 17.
Japan and the European Union signed a landmark deal on Tuesday...
The trade war began when Donald Trump introduced tariffs on imported steel and aluminum.
Rising trade tensions between the United States and the rest...
There are indications that investments in digital economy will...
Striking Amazon Employees in Europe Demand Better Working Conditions
Thousands of workers walked off their jobs on Tuesday at...
The parliament approved a five billion pound start-up capital for the fund called “Egypt Fund”.
Egypt is setting up a sovereign wealth fund with a capital of...
SNB to Raise Rates in 2019
The Swiss National Bank will continue tracking its eurozone...
Canada Growth Robust, Housing Sector Cooling
On July 13, the executive board of the International Monetary...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus