Ahmedabad
(Head Office)Address : 506, 3rd EYE THREE (III), Opp. Induben Khakhrawala, Girish Cold Drink Cross Road, CG Road, Navrangpura, Ahmedabad, 380009.
Mobile : 8469231587 / 9586028957
Telephone : 079-40098991
E-mail: dics.upsc@gmail.com
Manufacturing Purchase Index
News: The S&P Global India Manufacturing Purchasing Managers’ Index (PMI) surged to a 31-month high of 58.7 in May, with factory orders rising at the fastest clip since January 2021.
What is PMI?
It is a survey-based measure that asks the respondents about changes in their perception about key business variables as compared with the previous month.
The purpose of the PMI is to provide information about current and future business conditions to company decision makers, analysts, and investors.
It is calculated separately for the manufacturing and services sectors and then a composite index is also constructed.
The PMI is a number from 0 to 100. A score above 50 means expansion, while a score below that denotes contraction.
A reading at 50 indicates no change.
Key Findings:
Sector-wise performance - Overall business confidence levels about growth prospects continued to improve after hitting an eight-month low in March
Overall improvement in the health of the sector was the strongest since October 2020.
Demand-driven inflation is positive thus create challenges for the economy and open the door for more interest rate hikes.
Address : 506, 3rd EYE THREE (III), Opp. Induben Khakhrawala, Girish Cold Drink Cross Road, CG Road, Navrangpura, Ahmedabad, 380009.
Mobile : 8469231587 / 9586028957
Telephone : 079-40098991
E-mail: dics.upsc@gmail.com
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Mobile : 9723832444 / 9723932444
E-mail: dics.gnagar@gmail.com
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Mobile : 9725692037 / 9725692054
E-mail: dics.vadodara@gmail.com
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Mobile : 8401031583 / 8401031587
E-mail: dics.surat@gmail.com
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Mobile : 9974751177 / 8469231587
E-mail: dicssbr@gmail.com
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Mobile : 9104830862 / 9104830865
E-mail: dics.newdelhi@gmail.com