Minggu, 05 Mei 2013

Manufacturing India April 2013 at the latest

Finance Info-India's manufacturing activity in April 2013 glide at a speed of slowest of growth for 17 months, due to domestic order and power supply problems.


Purchasing managers index (PMI) of HSBC, which gives an overview of the health of manufacturing output to work, sliding into 51,0 in April, down from the previous month at 52,0. Where figures over 50 indicate growth in the sector while below 50 points indicates contraction.


"Manufacturing Activity lost momentum again in April, with output growth slowed down considerably in the wake of the slowdown in domestic orders and a power outage," said HSBC Chief Economist, Leif Eskesen, as reported by the Global Post, Thursday (2/5/2013).


Based on a survey of more than 500 manufacturer-came a day before a meeting of the central bank is widely expected to lower interest rates to jumpstart the economy slows sharply.


India's economy is expected to grow at 5.0 percent lower decade in the fiscal year that ended in March.

(dmd)


Finance; Investment; Business; Economics




Finance; Investment; Business; Economics

Title Post: Manufacturing India April 2013 at the latest
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Author: Mohammad Zulfi Satriawan

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