PMI at 14 yr High. Now thats what we call growth tragectory. https://lnkd.in/gSStivT6
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📊 India’s September PMI remains resilient with strong manufacturing and service sector performance! 💼 Despite a slight dip in growth, employment and new orders continue to rise, reflecting optimism and stability. Stay ahead with market insights like these for informed investment decisions. 💡 #PrimedinWealth #PMIUpdate #FinancialGrowth #InvestmentInsights
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PMI Service: Good news for Indian economy, PMI service increased due to increase in business activities. #activities #Business #businessnews #DecemberServiceActivity #DecemberServicesPMI #due #economy #good #increase #increased #indiaserviceactivity #IndiaServicePMIinDecember #Indian #indianeconomy #news #nonews #PMI #PMIservice #service
PMI Service: Good news for Indian economy, PMI service increased due to increase in business activities. - News8Plus-Realtime Updates On Breaking News & Headlines
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🚀 India PMI Insights - May 2024 🚀 📊 Manufacturing PMI: Despite a slight dip from April, the HSBC India Manufacturing PMI indicates sustained growth well above the long-run average. 📈 Service PMI: In May, the HSBC India Services Business Activity Index remained strong, albeit dipping slightly from April. Sales growth, improved productivity, and robust demand were key drivers, despite challenges from competition and pricing pressures. 🌐 Composite PMI: Business sentiment soared in both manufacturing and services sectors, marking the highest optimism levels since September 2023. Stay updated with Primedin Wealth for more financial insights! 💼📈 #PMI #FinancialInsights #IndiaEconomy #BusinessGrowth #PrimedinWealth
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📊 June '24 PMI Update: Key Insights on India's Economic Performance The latest PMI figures reveal continued strength in India's manufacturing and service sectors: 🔹 Manufacturing PMI rose to 58.3 in June from 57.5 in May, indicating robust business conditions. 🔹 Service PMI increased to 60.5, reflecting strong demand and new business intakes. 🔹 Composite PMI climbed to 60.9, showing a sharp expansion in private sector activity. Key Highlights: Cost Pressures: High input costs led to the greatest increase in selling prices since May 2022. Employment Growth: Record job creation in manufacturing, with the fastest hiring rate in 19 years. New Orders: Significant growth driven by higher export volumes and successful advertising. Service Sector: Sustained output growth with the longest expansion streak since August 2011. Stay updated with Primedin Wealth for more financial insights! 📈 #PMI #Economy #Manufacturing #Services #BusinessGrowth #India
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In the News: India's manufacturing PMI hits 18-month low of 54.9 in December 🌟 Discover the latest in the world of FDI and Business! Check out this insightful piece. 💡🌍 Despite the fall, the manufacturing PMI has now spent 30 consecutive months above the key level of 50 that separates expansion and contraction in activity. 🔗 [Learn more: https://lnkd.in/eX4iUkff] 🗨️ Join the Discussion! Your opinions are invaluable. #Comment below to share your views, ask questions, or start a conversation. We're excited to engage with each comment and hear what you think! Join as a Partner and Professional: FDI Alliance: www.fdialliance.com Valqus Accounting and Business: www.valqus.com #FDI #Invest #Trade #TradeandInvest #InvestmentPromotion #Markets #Business #Accounting
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Indian Service Industry... PMI Report... India’s services industry achieves historic growth in 14 Yearsb, but begins FY'25 with a slower start as compare to the previous month . According to the recent survey data , India’s HSBC Services Purchasing Managers’ Index (PMI) went down a little to 60.8 in April'2024 from 61.2 in March'2024. It’s slightly less than the early projections of 61.7. The Services PMI Index still represents one of the fastest growth rates witnessed in just under 14 years . Since August 2021, the services sector has consistently remained above the growth threshold of 50 . Watch this video to know more about PMI report ..👇👇
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Understanding PMI: A Key Economic Indicator The Purchasing Managers' Index (PMI) is a critical economic indicator that provides insights into the health of the manufacturing and service sectors. Here’s a concise overview: 1. What is PMI? - PMI measures the economic activity within the manufacturing and service sectors based on surveys of purchasing managers. It reflects the overall direction of economic performance. 2. How is PMI Calculated? - The PMI is derived from surveys assessing factors such as new orders, inventory levels, production, supplier deliveries, and employment. The index is calculated as a composite score, with values above 50 indicating expansion and below 50 signaling contraction. 3. Why is PMI Important? - PMI is crucial for understanding economic conditions and business sentiment. It serves as a leading indicator of economic health, influencing investment decisions, policy-making, and economic forecasting. 4. What Can We Learn from PMI Data? - Analyzing PMI data helps gauge the strength of economic growth or contraction. Rising PMI values typically indicate economic expansion, while declining values may signal a slowdown. PMI also aids in predicting future economic trends and policy changes. Understanding PMI provides valuable insights into economic performance and helps in making informed decisions in finance and business strategy. Feel free to connect for more insights on economic indicators and their impact on financial markets. #Finance #EconomicIndicators #PMI #MarketAnalysis #BusinessStrategy
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PMI, also known as the Purchasing Manager's Index, tells us a lot about a company's growth in two of the main sectors in India: manufacturing and service sectors. What does it really mean? ------------------------------------------------------------------------------- Special Credit - Esha Vishwakarma #pmi #growth #india
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Market Summary 3 :- Composite PMI rises to 7-month high in February at 61.5 - The manufacturing PMI for February rose to 56.7 from last month's 56.5, its highest since September, and the preliminary services PMI rose to 62.0 from 61.8 in January to reach its highest level in the last 7 months.- due to Business activity expanded at its fastest pace in seven months in February as demand remained strong for both manufacturing and services · Grasim - company will launch paints business under 'Birla Opus' and invest Rs 10,000 crore in the undertaking and company says no plans to spin off Grasim Paint business now. · L&T – Company secured a "significant" order from a real-estate developer for multi-story residential towers in Thane, Mumbai, between Rs1000cr – Rs2500cr · Indian Hotels – Company’s CEO and MD Puneet Chhatwal’s remarks, expecting topline growth and margin expansion to continue. He anticipates Rs100 crore revenue from Ginger hotel in Mumbai. Aims to raise hotel keys in Ayodhya from 350 to 750 keys in the next 3-5 years. Source: CNBC-TV18 – positive · Prataap Snacks - Economic Times report said the cigarette-to-hotels group ITC is considering buying 47% stake in snack maker Pratak Snacks . · Bharti Airtel - Bharti Airtel introduced in-flight roaming plans with tariffs starting at 195 rupees ($2.35). Customers subscribed to roaming packs priced starting at 2,997 rupees for prepaid and 3,999 rupees for postpaid will automatically get in-flight roaming with no extra cost · RVNL –Company's Joint venture RVNL-SALASAR emerged as the lowest bidder from Madhya Pradesh Power Transmission Co worth Rs174cr – Positive · Bank of India – Company has appointed Shri M.R. Kumar as non-executive chairman on the board of the lender- positive · Salzer Electronics – Company establishing a Smart Meter manufacturing business in Coimbatore – positive . · Gujarat Mineral – Company approved Rs3041cr capital outlay for FY25, about Rs1138cr will be allocated for new lignite projects and Rs629cr for coal block in Odisha - positive · LTIMindtree – Company and Eurolife FFH Sign MoU to Setup Gen AI and Digital Hubs in Europe and India The multi-million-dollar partnership will enable widespread adoption of AI and digital solutions across insurance, banking, shipping, and manufacturing industries- positive · Titagarh Rail invested an additional equity of Rs 100 crore in JV-SPV Shivaliks Mercantile Pvt. Ltd. Shivaliks acquires an additional 28.23% stake in Titagarh Firema, Italy, for €20.2 mn Government of Italy makes additional investment of €10 million in Titagarh Firema Titagarh Rail's share in Firema stands at 25.43% - positive #marketsummary #sharemarketnews #india #business #entrepreneur #money #share #bitcoin #forex #investment #wealth #market #invest #trading #cryptocurrency #investing #finance #financialfreedom #investor #trader #stocks #stockmarket #globamarkets
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India’s Feb Composite PMI activity rises to 7month high📈🏭 - Manufacturing sector reached a 5-month high🏭 - Services sector achieved a 7-month high🚚 - Factors contributing to the upturn: •Buoyant demand conditions •Increased investment in technology •Efficiency gains •Expanded clientele •Favorable sales developments - International markets positively impacted companies' order books 💱 - Fastest expansion in new export work since last September 📦 - Increased demand from foreign markets contributed to growth in both sectors🚢 Input costs experienced the slowest rise in three and a half years. This allowed producers to achieve a dual feat – moderating the rate of output price inflation and enhancing operating margins👌🏻 The optimism of businesses and investors continued due to improved market conditions and increased demand indicating a positive outlook for the current year 📈 Source: HSBC S&P Global #spglobal #pmi #data #indianeconomy #india
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