India's Factory Sector Sees Sharper Improvement in June, Buoyed by Healthy Demand Conditions

India's manufacturing sector saw a sharper improvement in business conditions in June as strong demand drove expansion in new orders and output, according to an HSBC report on Monday.

MT NewswiresJul 1 05:54 ET

India's Manufacturing Activity Expands at Sharper Rate in June

The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index, compiled by S&P Global, rose to 58.3 in June from 57.5 in May as the sector saw a sharper expansion in output and new orders.

MT NewswiresJul 1 02:42 ET

India's manufacturing PMI for June was 58.3, which has been in the expansion range for three consecutive years.

According to the latest released data, despite persistent high inflation, manufacturing activity in India rebounded last month, with strong demand driving output growth and pushing manufacturing employment to its highest level in over 19 years.

wallstreetcnJul 1 01:55 ET

China's Current Account Surplus Reaches 281 Billion Yuan in Q1

China logged a current account surplus, or the surplus from the country's foreign payments and receivables, of 281.4 billion yuan, in the first quarter, according to data by the State Administration of Foreign Exchange released Friday.

MT NewswiresJun 30 23:01 ET

India Moving Steadily Toward 8% Annual Growth, RBI Governor Says

India’s economic growth is inching toward 8% on a sustained manner, but it is essential to keep inflation under check, Reserve Bank of India Governor Shaktikanta Das said on Tuesday.

BNN BloombergJun 25 12:01 ET

India's Inflation Dynamics Pose Policy Conundrum -- Market Talk

India's inflation dynamics pose a policy conundrum, Pranjul Bhandari, chief India economist at HSBC, says in a note.

WSJJun 25 04:09 ET