Indian economy on strong footing! April business growth at near 14-year high, PMIs show
by Times of India
Times of India— Indian economy on strong footing: According to a survey released on Tuesday, India's business activity expanded at its fastest pace in nearly 14 years this month, driven by robust demand. The survey also indicated easing input inflation and positive jobs growth, suggesting that India is well-positioned to maintain its status as the fastest-growing major economy this year, following strong expansion in recent quarters.HSBC's flash India Composite purchasing managers' Index (PMI), compiled by S&P...
Yahoo Finance—US manufacturing sector regresses in April; prices paid near two-year high. U.S. manufacturing contracted in April amid a decline in orders after briefly expanding in the prior month, while a measure of prices paid by factories for inputs approached a two-year high. The Institute for Supply Management (ISM) said on Wednesday that its manufacturing PMI dropped to 49.2 last month from 50.3 in March, which was the highest and first reading above 50 since September 2022. A PMI reading above 50 indicates growth in the manufacturing sector, which accounts for 10.4% of the...
Forex Factory—German economy returns to growth in April. The German private sector returned to growth at the start of the second quarter, the latest HCOB ‘flash’ PMI® survey compiled by S&P Global showed, driven by a solid rise in services business activity. Although manufacturing remained in contraction, the rate of decline in factory production eased
the deep dive—Small Business Rent Delinquency Hits Three-Year High. The delinquency rate for US small businesses failing to pay full rent climbed to 43% in April, the highest level