{"id":32345,"date":"2018-10-29T13:41:01","date_gmt":"2018-10-29T08:11:01","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=32345"},"modified":"2018-10-29T13:41:01","modified_gmt":"2018-10-29T08:11:01","slug":"factory-activity-quickens-in-dec-pmi","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/factory-activity-quickens-in-dec-pmi\/","title":{"rendered":"Factory activity quickens in Dec: PMI\u00a0"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/business\/factory-activity-quickens-in-dec-pmi\/article22353797.ece\"><strong>Factory activity quickens in Dec: PMI<\/strong><\/a><strong>\u00a0<\/strong><\/p>\n<p><strong>Context<\/strong><\/p>\n<p>Manufacturing activity quickened to the fastest pace in five years in December, bolstered by a sharp rise in output and new orders, according to a private sector survey.<\/p>\n<p><strong>\u2018Survey reading of 54.7 shows fastest pace of expansion in five years; GST pushes up raw material costs\u2019<\/strong><\/p>\n<p>The Nikkei India Puchasing Managers\u2019 Index registered a value of 54.7 in December, compared with 52.6 in November. A value over 50 indicates an expansion while one below 50 denotes a contraction.<\/p>\n<p><strong>On a strong note<\/strong><\/p>\n<ul>\n<li>The Indian manufacturing sector ended the year on a strong note, with operating conditions improving at the strongest rate in five years<\/li>\n<li>The overall upturn was supported by the sharpest increase in output and new orders since December 2012 and October 2016 respectively<\/li>\n<\/ul>\n<p><strong>Job creation quickened<\/strong><\/p>\n<p>In response to the improved inflows of new business, job creation quickened to the strongest since August 2012, according to the report.<\/p>\n<p><strong>Improvement in health sectors<\/strong><\/p>\n<p>This was consistent with the strongest improvement in the health of the sector since December 2012<\/p>\n<p><strong>PMI a little higher<\/strong><\/p>\n<p>Notably, the PMI reading was slightly stronger than the average (54.0) recorded since the inception of the survey in March 2005.\u201d<\/p>\n<p><strong>\u00a0\u2018Input cost inflation\u2019<\/strong><\/p>\n<p>However, the sector continues to face some turbulence as delayed customer payments contributed to greater volumes of outstanding work<\/p>\n<ul>\n<li>On the price front, July\u2019s Goods and Services Tax (GST) continued to lead to greater raw material costs, with input cost inflation accelerating to the sharpest since April.<\/li>\n<li>Firms were restricted in their ability to pass on higher costs to clients, which added upward pressure on margins.<\/li>\n<\/ul>\n<p><strong>Overall upturn robust but challenges remain<\/strong><\/p>\n<ul>\n<li>Challenges remain as the economy adjusts to recent shocks, but the overall upturn was robust compared to the trend observed for the survey history<\/li>\n<li>This outlook was shared by the manufacturing community as sentiment picked up to the strongest in three months amid expected improvements in market conditions over the next 12 months<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Factory activity quickens in Dec: PMI\u00a0 Context Manufacturing activity quickened to the fastest pace in five years in December, bolstered by a sharp rise in output and new orders, according to a private sector survey. \u2018Survey reading of 54.7 shows fastest pace of expansion in five years; GST pushes up raw material costs\u2019 The Nikkei&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/factory-activity-quickens-in-dec-pmi\/\">Continue reading <span class=\"screen-reader-text\">Factory activity quickens in Dec: PMI\u00a0<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-32345","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704878569},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/32345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=32345"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/32345\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=32345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=32345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=32345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}