Classifieds | Archives | Jobs | About TGT | Contact | Subscribe
 | 
Last updated 37 minutes ago
Printer Friendly Version | TGT@Twitter | RSS Feed |
HOME LOCAL MIDEAST ASIA WORLD BUSINESS SPORT OPINION WRITERS
India’s manufacturing sector activity up in December
January 03, 2018
 Print    Send to Friend

Mumbai: India’s manufacturing sector’s activity expanded exponentially in December 2017 due to accelerated increase in output and new orders, key macro-economic data showed on Tuesday.
 
Consequently, the Nikkei India Manufacturing Purchasing Managers’ Index (PMI), a composite indicator of manufacturing performance, increased to 54.7 in December 2017 from 52.6 reported for November. An index reading of above 50 indicates an overall increase in economic activity and below 50 an overall decrease.
 
According to the PMI, the manufacturing sector ended 2017 on a positive note, with “operating conditions improving at the strongest rate in five years”.
Indo-Asian News Service

Add this page to your favorite Social Bookmarking websites
Comments
 
Post a comment
 
Name:
Country:
City:
Email:
Comment:
 
    
    
Related Stories
Digitisation offers $39b export opportunities
NEW DELHI: Rising digitisation will unlock a potential $39 billion worth of export opportunities for Indian businesses in select verticals by 2022 — up from $16 billion i..
Crop insurance scheme benefits companies
NEW DELHI: It is yet to be seen how much the Modi government’s ambitious crop insurance scheme has benefitted farmers, but one section that has definitely hit the jackpot..
India’s inflation mounts to 54-month high in June
New Delhi: Rise in the prices of manufactured products along with that of food articles and fuel types accelerated India’s wholesale inflation rate to 5.77 per cent compa..
India’s tea production down, exports up
KOLKATA: India’s tea production fell by around 9.5 per cent to 111.82 million kg in May from 123.51 million kg produced in the year-ago month, data from the Tea Board Ind..
India’s rice exports may decline on price hike
MUMBAI: India’s rice exports are set to ease from October as the world’s biggest shipper of the grain boosts guaranteed prices that farmers receive for much of their crop..
FRONTPAGE
 
GALLERY
 
PANORAMA
 
TIME OUT
 
SPORT
 
 
Advertise | Copyright