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 

Growth in China&#39;s manufacturing sector slowed slightly in June, official data showed on Friday. 
 
The official purchasing managers&#39; index (PMI) came in at 50 in June, down from May&#39;s 50.1, according to statistics from the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing. 
 
The PMI is an indicator of the economic health of the manufacturing sector. The PMI is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment. The purpose of the PMI is to provide information about current business conditions to company decision makers, analysts and purchasing managers. 
 
A reading above 50 indicates expansion, while one below 50 points to contraction. 
 
High-technology manufacturing and equipment manufacturing are among the industries which expanded, with PMI readings hitting 51.3 and 51.1 respectively, both up 0.5 from the previous month. 
 
On the other hand, growth shrank in some traditional and energy-consuming industries plagued by overcapacity. The PMI reading for the steel industry, for example, plunged 5.8 to 45.1. 
 
&quot;The slide in the PMI figure for black metal smelting and steel rolling, or the steel industry in general, is more significant when compared with high energy-consuming industries and the manufacturing sector as a whole,&quot; said Zhao Qinghe, a senior statistician with the NBS. 
 
China&#39;s manufacturing PMI readings have stayed above 50 since February this year amid easing downward pressure, but the momentum has been less than strong due in part to global economic uncertainties, according to analysts. 
 
The British vote to exit the European Union last week, in particular, is likely to put additional pressure on global growth and China&#39;s foreign trade, said Cai Jin, vice president at the China Federation of Logistics and Purchasing. 
 
&quot;I think the impact of those uncertainties will continue to deepen. The growing number of uncertainty factors that have emerged this year will no doubt weigh on China&#39;s economy,&quot; he explained. 
 
&quot;But on the whole, the Chinese economy is undergoing a transition from heavy reliance on foreign demand to relying on domestic demand, so the impact of the uncertainty factors will be limited. I think the economy will grow within a reasonable and appropriate range of between 6.5 per cent and 7 per cent in the second quarter,&quot; Cai added. 
 
China&#39;s gross domestic product grew by 6.7 per cent year on year in the first quarter of 2016.&nbsp; 
 
(Reuters)

The official purchasing managers' index drops from 50.1 to 50

Growth in China's manufacturing sector slowed slightly in June, official data showed on Friday. The official purchasing managers' index (PMI) came in at 50 in June, down from May's 50.1, according to statistics from the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing. The PMI is an indicator of the economic health of the manufacturing sector. The PMI is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment. The purpose of the PMI is to provide information about current business conditions to company decision makers, analysts and purchasing managers. A reading above 50 indicates expansion, while one below 50 points to contraction. High-technology manufacturing and equipment manufacturing are among the industries which expanded, with PMI readings hitting 51.3 and 51.1 respectively, both up 0.5 from the previous month. On the other hand, growth shrank in some traditional and energy-consuming industries plagued by overcapacity. The PMI reading for the steel industry, for example, plunged 5.8 to 45.1. "The slide in the PMI figure for black metal smelting and steel rolling, or the steel industry in general, is more significant when compared with high energy-consuming industries and the manufacturing sector as a whole," said Zhao Qinghe, a senior statistician with the NBS. China's manufacturing PMI readings have stayed above 50 since February this year amid easing downward pressure, but the momentum has been less than strong due in part to global economic uncertainties, according to analysts. The British vote to exit the European Union last week, in particular, is likely to put additional pressure on global growth and China's foreign trade, said Cai Jin, vice president at the China Federation of Logistics and Purchasing. "I think the impact of those uncertainties will continue to deepen. The growing number of uncertainty factors that have emerged this year will no doubt weigh on China's economy," he explained. "But on the whole, the Chinese economy is undergoing a transition from heavy reliance on foreign demand to relying on domestic demand, so the impact of the uncertainty factors will be limited. I think the economy will grow within a reasonable and appropriate range of between 6.5 per cent and 7 per cent in the second quarter," Cai added. China's gross domestic product grew by 6.7 per cent year on year in the first quarter of 2016. (Reuters)

Manufacturing growth in China slows

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

Manufacturing growth in China slows