PMI Current Affairs, GK & News

India’s services activity contracts fourth month in a row-Services PMI at 34.2

The services industry in the country has shown contraction for the fourth straight month in July since the sales plunged and companies were prevented from manufacturing activities due to the lockdown situation imposed owing to the COVID 19 pandemic. The data has been published by a monthly survey on the services sector in India. Highlights ..

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India’s services sector growth hits 7-year high in February

Purchasing Managers’ Index (PMI) is released by the data analytics firm IHS Markit. As per the survey, services sector of the country rose for the fifth consecutive month to 57.5 in February after 55.5 in January. A figure more than 50 signifies expansion, while below-50 figure identifies contraction. The service sector dipped to a 19-month ..

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Factory Activity in India rises on Stronger Demand

As per the Nikkei Manufacturing Purchasing Managers? Index (PMI), India’s PMI increased to 52.5 in July from June?s 52.1. This increase in India?s factory activity observed in the month of July can be attributed to the rise in domestic demand and has motivated the firms to increase their hiring at the fastest rate observed in ..

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Manufacturing Sector PMI Rises

The Nikkei India Manufacturing Purchasing Managers Index (PMI), improved to 52.7 in May from 51.8 in April. It was the strongest improvement in the health of the sector in three months. Purchasing Managers Index The Purchasing Managers’ Index (PMI) presents the prevailing direction of economic trends in the manufacturing and service sectors. It is a ..

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IIP and PMI

There are two key parameters that the government and private sector analysts use to gauge the level of activity in the manufacturing sector. They are the Index of Industrial Production (IIP) and the Manufacturing Purchasing Managers’ Index (PMI). Difference between IIP and PMI PMI is a private sector survey while the IIP is gauged by ..

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