India's manufacturing sector witnessed a mild slowdown in September, registering a five-month low, according to the S&amp;P Global India Manufacturing Purchasing Managers' Index (PMI), which slipped from 58.6 in August to 57.5.&nbsp;

A PMI reading of 50 signifies no change in activity levels. The Hindu report indicated that this shift was attributed to a softer increase in new orders, affecting production growth. Despite this moderation, both demand and output demonstrated significant improvements, leading to robust business confidence and a positive production outlook.&nbsp;

The Hindu quoted Pollyanna De Lima, the economics associate director at S&amp;P Global Market Intelligence, as saying, "Upbeat forecasts continued to drive job creation efforts and initiatives to replenish input stocks. Together, these indices point towards a favourable trajectory for the Indian manufacturing industry." &nbsp;

However, De Lima also warned about the notable increase in output charges, which, despite decreasing cost pressures, may hinder future sales prospects.&nbsp;

According to a report by The Economic Times, she also said that the slowdown in manufacturing activity was driven by a softer increase in new orders, which tempered production growth.&nbsp;

Nevertheless, the manufacturing industry in India remains robust, with substantial growth in new orders and production in September. This surge in activity can be attributed to strong demand, both domestically and internationally. Notably, international demand has been expanding for the 18th consecutive month, reflecting a positive trend.&nbsp;

The encouraging demand dynamics have fostered a highly positive outlook among businesses. This optimism has translated into a notable boost in hiring, with the employment index reaching its highest level since November. Although employment growth remains moderate, the index has consistently stayed above 50 for six consecutive months, indicating continued expansion.&nbsp;

Despite the buoyant demand, input costs saw only a mild increase in September, marking the weakest pace in over three years. Participants noted lower prices for commodities such as aluminium and oil. However, strong demand has prompted companies to raise their selling prices. The output charges index has risen, primarily driven by higher labour costs, surpassing its long-run average. This surge in output charges has raised concerns about potential inflationary pressures.&nbsp;

Considering these developments, the trajectory of India's manufacturing sector in the coming months will be closely watched. The ability to balance rising output charges and strong demand while navigating inflation concerns will be pivotal in sustaining the industry's growth.&nbsp;

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India's manufacturing sector witnessed a mild slowdown in September, registering a five-month low, according to the S&P Global India Manufacturing Purchasing Managers' Index (PMI), which slipped from 58.

India's manufacturing sector witnessed a mild slowdown in September, registering a five-month low, according to the S&P Global India Manufacturing Purchasing Managers' Index (PMI), which slipped from 58.6 in August to 57.5. A PMI reading of 50 signifies no change in activity levels. The Hindu report indicated that this shift was attributed to a softer increase in new orders, affecting production growth. Despite this moderation, both demand and output demonstrated significant improvements, leading to robust business confidence and a positive production outlook. The Hindu quoted Pollyanna De Lima, the economics associate director at S&P Global Market Intelligence, as saying, "Upbeat forecasts continued to drive job creation efforts and initiatives to replenish input stocks. Together, these indices point towards a favourable trajectory for the Indian manufacturing industry." However, De Lima also warned about the notable increase in output charges, which, despite decreasing cost pressures, may hinder future sales prospects. According to a report by The Economic Times, she also said that the slowdown in manufacturing activity was driven by a softer increase in new orders, which tempered production growth. Nevertheless, the manufacturing industry in India remains robust, with substantial growth in new orders and production in September. This surge in activity can be attributed to strong demand, both domestically and internationally. Notably, international demand has been expanding for the 18th consecutive month, reflecting a positive trend. The encouraging demand dynamics have fostered a highly positive outlook among businesses. This optimism has translated into a notable boost in hiring, with the employment index reaching its highest level since November. Although employment growth remains moderate, the index has consistently stayed above 50 for six consecutive months, indicating continued expansion. Despite the buoyant demand, input costs saw only a mild increase in September, marking the weakest pace in over three years. Participants noted lower prices for commodities such as aluminium and oil. However, strong demand has prompted companies to raise their selling prices. The output charges index has risen, primarily driven by higher labour costs, surpassing its long-run average. This surge in output charges has raised concerns about potential inflationary pressures. Considering these developments, the trajectory of India's manufacturing sector in the coming months will be closely watched. The ability to balance rising output charges and strong demand while navigating inflation concerns will be pivotal in sustaining the industry's growth. WATCH WION LIVE HERE

India's manufacturing growth slows to five-month low in September: Report 

Activity in India&#39;s manufacturing sector expanded at the fastest pace in five months in March as output and new orders accelerated, according to a private survey that also showed price pressures eased.

The Nikkei Manufacturing Purchasing Managers&#39; Index, compiled by IHS Markit, rose to 52.5 in March, from 50.7 in February, the third month in a row that is has been above the 50 mark that separates growth from contraction.

Output and new orders sub-indexes rose to their highest since October 2016, suggesting the world&#39;s fastest growing major economy has largely recovered from Prime Minister Narendra Modi&#39;s shock decision in November to ban high-value currency notes.

The move caused huge disruptions to daily life and businesses in the largely cash-based economy.

The survey also showed encouraging signs on the inflation front, which has come squarely back on the central bank&#39;s radar in recent months.

&quot;The favorable demand environment was supported by relatively muted inflationary pressures. Given that input costs rose at a softer pace, a whopping 96 percent of goods producers kept their selling prices unchanged over the month,&quot; said His Markit economist Pollyanna De Lima.

Input prices rose at a slower pace compared to February, and there was a corresponding slowdown in the pace of output price rises as well, which likely helped increase demand.

The new orders index rose to a 5-month high of 53.6 from 51.3 the previous month.

Indian inflation picked up pace in February to 3.65 percent, after slowing in the previous month to 3.17 percent, its lowest in at least five years, but it was still below the central bank&#39;s 4 percent target.

The Reserve Bank of India shifted its stance to neutral from accommodative and kept the policy repo rate unchanged at 6.25 percent in its February meeting, opting to wait for more clarity on inflation trends and the impact of demonetization.

Economic growth for the October-December quarter came in at 7.0 percent, a bit slower than the 7.4 percent in the previous quarter but much faster than the 6.4 percent expansion forecast by economists in a Reuters poll, many of whom had expected a sharper hit from the cash crunch.

India&#39;s lower house of parliament on Wednesday passed key legislations paving the way for implementation of a nationwide goods and services tax (GST) from July, which is expected to spur economic growth by 1 to 2 percentage points.

Most manufacturing and services items will be taxed at standard rates of 12 percent and 18 percent under the four-slab GST structure.

(Reuters)

The Nikkei Manufacturing PMI rose to 52.5 in March, from 50.7 in February

Activity in India's manufacturing sector expanded at the fastest pace in five months in March as output and new orders accelerated, according to a private survey that also showed price pressures eased. The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, rose to 52.5 in March, from 50.7 in February, the third month in a row that is has been above the 50 mark that separates growth from contraction. Output and new orders sub-indexes rose to their highest since October 2016, suggesting the world's fastest growing major economy has largely recovered from Prime Minister Narendra Modi's shock decision in November to ban high-value currency notes. The move caused huge disruptions to daily life and businesses in the largely cash-based economy. The survey also showed encouraging signs on the inflation front, which has come squarely back on the central bank's radar in recent months. "The favorable demand environment was supported by relatively muted inflationary pressures. Given that input costs rose at a softer pace, a whopping 96 percent of goods producers kept their selling prices unchanged over the month," said His Markit economist Pollyanna De Lima. Input prices rose at a slower pace compared to February, and there was a corresponding slowdown in the pace of output price rises as well, which likely helped increase demand. The new orders index rose to a 5-month high of 53.6 from 51.3 the previous month. Indian inflation picked up pace in February to 3.65 percent, after slowing in the previous month to 3.17 percent, its lowest in at least five years, but it was still below the central bank's 4 percent target. The Reserve Bank of India shifted its stance to neutral from accommodative and kept the policy repo rate unchanged at 6.25 percent in its February meeting, opting to wait for more clarity on inflation trends and the impact of demonetization. Economic growth for the October-December quarter came in at 7.0 percent, a bit slower than the 7.4 percent in the previous quarter but much faster than the 6.4 percent expansion forecast by economists in a Reuters poll, many of whom had expected a sharper hit from the cash crunch. India's lower house of parliament on Wednesday passed key legislations paving the way for implementation of a nationwide goods and services tax (GST) from July, which is expected to spur economic growth by 1 to 2 percentage points. Most manufacturing and services items will be taxed at standard rates of 12 percent and 18 percent under the four-slab GST structure. (Reuters)

India manufacturing hits five-month high

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India's manufacturing growth slows to five-month low in September: Report

India manufacturing hits five-month high