Monday, 10 December, 2018

India's manufacturing sector growth falls to 5-month low in March

Strong Canadian manufacturing growth maintained in March Singapore's manufacturing PMI rebounds to 53 in March
| 04 April, 2018, 02:10

The composite indicator of manufacturing performance increased to 51 in March 2018 from 52.1 reported for February.

The March's reading signalled a modest improvement in the health of the sector, which was the weakest since November previous year. Comments from the panel reflect continued expanding business strength.

SIPMM noted that the higher PMI reading was broad-based across most manufacturing sectors, indicating the resilience of the sectors.

Output growth picked up, although this was offset by slower increases in both new orders and employment, data showed. The new orders index of 54.9 was also the highest reading since December 2009 when the reading was 56.5. The rise in overall new orders was supported by a faster increase in new business from overseas, the most marked since last October.

"(So).even a significantly softer release today would be unlikely to call into question the May rate hike that markets remain nearly fully priced for".

"Input cost inflation intensified to the sharpest since October 2015, predominantly driven by higher raw material costs stemming from currency weakness relative to the U.S. dollar".


After remaining positive for the eight consecutive months, manufacturing sector activity in India declined in March to a low of five months, as the fresh business orders grew at a slower pace, and companies showed reluctance for recruitment, according to a private survey. "PMI data suggests that any improvements in demand stemmed from domestic markets, while sales in global markets reportedly fell due to uncompetitive prices".

In February, factories had raised prices at their fastest pace in almost seven years. "It looks, therefore, that inflationary pressures may have peaked around the turn of the year", Harker said. "The main concern at present is overstretched supply chains, as highlighted by another steep lengthening of delivery times for raw materials and semi-manufactured inputs".

On this background, the spending has risen at the fastest pace since last October, driven by higher commodity prices.

A new Commerce Department report on US construction spending showed it increased just 0.1% in February from January's revised level. Also, due to spare operating capacity, firms reduced their payroll numbers for the first time in eight months, albeit at a fractional pace.

In Turkey, manufacturing output and new orders have increased, and so have cost burdens.

Recommended

  • Could Medical Pot Help Curb the Opioid Abuse Crisis?

    Could Medical Pot Help Curb the Opioid Abuse Crisis?

    Andrew Saxon of the University of Washington in Seattle wrote in an accompanying editorial. Neither study proves that legalising marijuana causes a decline in opioid prescriptions.
    Railway Strikes Aim to Bring Macron's Reforms to a Halt

    Railway Strikes Aim to Bring Macron's Reforms to a Halt

    Borne also said she was looking for dialogue with the unions, a claim that Santinelli, the rail union spokesman, disputed. Global traffic also will be reduced for a second day from Paris to London and between France and Germany, SNCF predicted.
    Korean art troupe arrives in Pyongyang for performances

    Korean art troupe arrives in Pyongyang for performances

    Kim's late father and longtime ruler, Kim Jong Il, was known to be a fan of the 68-year-old singer. Such deployments during past drills has frequently drawn an angry response from Pyongyang.
  • Donald Trump Proposes Guarding Southern Border with the Military

    Donald Trump Proposes Guarding Southern Border with the Military

    This is not new as "caravans of immigrants" have become an annual event meant to showcase the Central American refugee crisis. As the Military Times explained, previous presidents have resorted to similar measures when securing the border .
    Chinese space station expected to crash back to Earth this weekend

    Chinese space station expected to crash back to Earth this weekend

    An artist's depiction shows Tiangong-1, the Chinese space station that will plummet to Earth soon. The unsuccessful orbit for the spacecraft did not slow down China's space program, however.
    Retired Supreme Court justice urges repeal of Second Amendment

    Retired Supreme Court justice urges repeal of Second Amendment

    Heller , "has provided the N.R.A. with a propaganda weapon of enormous power". Stevens retired from the court in 2010, after more than 35 years.
  • White House confirms Putin's meeting with Trump

    White House confirms Putin's meeting with Trump

    It is noted that the US President and the Russian President discussed a number of places to meet, including the White house . While Senate majority leader Mitch McConnell said that calling Mr Putin "wouldn't have been high on my list".
    Turkey rejects France offer for mediation with Kurdish militia

    Turkey rejects France offer for mediation with Kurdish militia

    The official argued that the operation is jeopardizing the broader US -led military campaign against the Islamic State group . The National Security Council met under the leadership of President Recep Tayyip Erdogan in capital Ankara .
    Markram's fourth Test century puts South Africa firmly on top

    Markram's fourth Test century puts South Africa firmly on top

    Usman Khawaja made a stroke-filled 53 as he and Shaun Marsh delayed South Africa's progress with a fourth-wicket stand of 52. Watch day two of the fourth Test between South Africa and Australia from 8.55am, Saturday on Sky Sports Cricket.
  • Max Holloway to replace Tony Ferguson in UFC 223 fight

    Holloway was out of his featherweight title defense against Frankie Edger in March, after suffering a leg injury during training. With the fight between Nurmagomedov and Holloway a done deal, the main event of UFC 223 is no longer in jeopardy.
    Spurs break Chelsea curse, Arsenal leave it late

    Spurs break Chelsea curse, Arsenal leave it late

    But for us, it's about maintaining the Champions League every year and hopefully we can do that, and trying to win a trophy. We are working very hard to try to have a good season, but I think that, in the end, we are deserving this season.
    Is the 'Condom Snorting Challenge' a Real Teen Trend?

    Is the 'Condom Snorting Challenge' a Real Teen Trend?

    PARENTS are being urged to be vigilant over a unsafe new social media challenge of teens snorting condoms up their noses. The practice could be risky to your sinuses and potentially life-threatening if the condom gets stuck in your throat.

Mayor Mayo proclaims April as Child Abuse Prevention Month Mayor Mayo proclaims April as Child Abuse Prevention Month Locally, the Children's Advocacy Center of Lowndes County provides services to children who have been in abusive environments. Monroe Mayor Jamie Mayo is declaring April as Child Abuse Awareness Month at Palace Park on Tuesday, April 3rd at 10 a.m.

United Kingdom scientists unable to identify Russian Federation as source for nerve agent United Kingdom  scientists unable to identify Russian Federation  as source for nerve agent Russian Federation has denied responsibility for the poisoning, and condemned the USA and U.K.'s responses to the attack. Speaking to the BBC Sir Tony said: "What we have is not a Putin problem, what we have is a Russian Federation problem".

Here Is the First Official OnePlus 6 Teaser From the Company Here Is the First Official OnePlus 6 Teaser From the Company The OnePlus 6 is expected to be powered by the latest Qualcomm Snapdragon 845 processor with 6/8GB RAM and 64/128GB of storage. The company usually launches its phones around June. "It'll be bigger than the Essential Phone, smaller than the iPhone".

Migrants in Israel to resettle in Canada, Germany, Italy: Netanyahu Migrants in Israel to resettle in Canada, Germany, Italy: Netanyahu He called it a "total surrender to the false campaign in the media" and said the credibility of the government was at stake. The deal means thousands more of the primarily Sudanese and Eritrean migrants will remain in Israel at least temporarily.

China impose tariffs on $3billion USA imports China impose tariffs on $3billion USA  imports Meanwhile the U.S., Canada and Mexico continue to hold talks about potential changes to the North American Free Trade Agreement. Depending on the response by the Trump administration, this could be the tip of the iceberg in a long, entrenched trade war.

Kpop group Red Velvet perform for Kim Jong Un in Pyongyang Kpop group Red Velvet perform for Kim Jong Un in Pyongyang Kim followed up by agreeing to summits with US President Donald Trump and the South's President Moon Jae-in. It was the first time a North Korean leader had attended a South Korean performance like this in the North.

Rebel Army of Islam Flees Syrian Territory, Government Troops Move In Rebel Army of Islam Flees Syrian Territory, Government Troops Move In It was the first organized evacuation of fighters from Douma, which has held out against government forces through 7 years of war. The opposition has been negotiating with Russian Federation , a key ally of Assad, for days on an agreement to evacuate Douma.

Indore Building Collapse: Death Toll Rises to 10, Rescue Operation Underway Indore Building Collapse: Death Toll Rises to 10, Rescue Operation Underway The Times of India newspaper said the dilapidated building collapsed after a vehicle smashed its front portion. Following the collapse, there was a huge cloud of dust and debris in the area, as per the footage.

Man United Prevails Over Swansea As Lukaku Slams Another Record Man United Prevails Over Swansea As Lukaku Slams Another Record First half goals from Romelu Lukaku and Alexis Sanchez fired Manchester United to an important victory over Swansea City . Mohamed Salah scored their late victor , his 37th of the season in all competitions, after the equaliser by Sadio Mane.

Moscow summons ambassadors over diplomat expulsions Moscow summons ambassadors over diplomat expulsions And Moscow has told the United Kingdom to take home more than 50 of its diplomats in the ongoing row over the nerve agent attack. Russian Federation said it would also retaliate against those other countries.

John Isner defeats del Potro for Miami final John Isner defeats del Potro for Miami final Raonic, from Thornhill, Ont., lost to del Potro in the semifinals of the Indian Wells Masters earlier this month. He had reached the final with a 6-1, 7-6 win Friday in the semifinals against Argentina's Juan Martin del Potro .

Lue to Rejoin Cavs vs. Pelicans as Observer Lue to Rejoin Cavs vs. Pelicans as Observer Tyronn Lue will rejoin the Cleveland Cavaliers on Friday for their game against the New Orleans Pelicans ... but not as a coach. Drew has been serving as the interim coach during Lue's absence, and Cleveland has gone 6-1 during that span.

Doctors Don't Know Why This Synthetic Pot Is Making People's Eyes Bleed Doctors Don't Know Why This Synthetic Pot Is Making People's Eyes Bleed Someone has died in Illinois after using synthetic marijuana, the Illinois Department of Public Health announced Saturday. Shah says they're unsafe because it's hard to know what chemicals they contain or what an individual's reaction will be.

Laura Ingraham Says She'll Take Vacation Amid Controversy Laura Ingraham Says She'll Take Vacation Amid Controversy Unfortunately, the most recent "Ingraham Angle" episode compares less favorably to her quarter-to-date or month-to-date averages. Her tweet linked to a report noting Hogg had been rejected from four California colleges.

Microsoft splitting up its Windows and Devices Group Microsoft splitting up its Windows and Devices Group This group will focus on how people interact with various computing devices , using multiple senses, Microsoft said in a memo. Myerson was later made chief of WDG group, which includes Windows , Surface , Xbox, Windows Server and HoloLens.