India beats China, factory activity jumps to 54.2 in Dec; highest since June

Discussion in 'Economy & Infrastructure' started by ejazr, Jan 3, 2012.

  1. ejazr

    ejazr Stars and Ambassadors Stars and Ambassadors

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    India beats China, factory activity jumps to 54.2 in Dec; highest since June | Firstpost

    Bangalore: India’s manufacturing activity surged to a six-month high in December thanks to a spike in factory output and new orders from domestic and international firms, a survey of purchasing managers showed on Monday.

    The HSBC Markit India Manufacturing PMI jumped to 54.2 from 51.0 in November, its biggest monthly rise since April 2009.

    The index has stayed above the 50 mark that separates growth from contraction for 33 months now. The PMI came closest to suggesting a contraction in September when it dipped to 50.4.

    Manufacturing in Asia’s third largest economy is expanding, just as factory activity in developed economies across the world is contracting. Data released in China on Friday, shows the sector likely shrank in December, after remaining mostly below 50 since July

    “Activity in the manufacturing sector rebounded in December led by higher demand from both domestic and foreign clients, suggesting that the momentum in the sector is not quite as weak as official and more dated IP (industrial production) data would suggest,” said Leif Eskesen, economist at HSBC.

    Official data released last month showed industrial output plunged 5.1 percent in the year to October, its steepest fall since March 2009, raising fears the economy might be heading for a hard landing.

    However, the new orders index, a reliable gauge of future output, jumped to 57.9 from 52.8 in November, its biggest jump in two years, suggesting the factory sector might be in for better days ahead.

    New orders from overseas clients also grew at a faster pace than last month, the second consecutive expansion after shrinking for four months straight.

    The Indian economy is facing strong headwinds this year as the eurozone crisis drags on and Reuters polls suggest the central bank will ease monetary policy by June to counter this, despite stubbornly high inflation.

    While central banks globally, including those in China and Brazil, have eased monetary policy to moderate the impact of the euro zone’s sovereign debt crisis, the Reserve Bank of India has chosen to pause its hiking cycle rather than ease, as reining in inflation remains a priority.

    India’s headline inflation has stayed above 9 percent for 12 consecutive months despite 13 rate increases by the RBI since March 2010 that has lifted the benchmark lending rate to 8.5 percent from 4.75 percent.

    “The solid demand from clients allowed manufacturing companies to increase output prices at an accelerated pace to pass on rising costs. While the sequential inflation of input costs decelerated slightly, it remained high by historical standards,” said Eskesen.

    PMI data showed input prices grew at a slightly slower pace than last month while the output cost index rose for the second month running.

    The latest PMI survey also showed that employment grew for the second time in fourteen months.
     
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  3. warriorextreme

    warriorextreme Senior Member Senior Member

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    wow...it will increase further as many SEZ,industrial corridors are coming up...
     
  4. cir

    cir Senior Member Senior Member

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    beating China?

    lol!

    India's industrial output actually plunged 5% in Oct while China's expanded by nearly 13%。
     
  5. Yusuf

    Yusuf GUARDIAN Administrator

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    Now that is so heartening considering I have so many industrial fasteners lined up for import. Best news on the economy in a long long time!!
     
  6. JayATL

    JayATL Senior Member Senior Member

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    rupee at all time high also helps ...
     
  7. mylegend

    mylegend Regular Member

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    DatA from CIA world factbook
    COUNTRY COMPARISON
    :: INDUSTRIAL PRODUCTION GROWTH RATE
    [TABLE]
    [TR]
    [TD][TABLE="width: 638, align: left"]
    [TR]
    [TD][TABLE="width: 638"]
    [TR="bgcolor: #F8f8e7"]
    RANK
    COUNTRY(%)DATE OF INFORMATION[/TR]
    [/TABLE]
    [/TD]
    [/TR]
    [/TABLE]
    [/TD]
    [/TR]
    [TR]
    [TD][TABLE="width: 638, align: center"]
    [TR]
    [TD="colspan: 4"][/TD]
    [/TR]
    [TR]
    [TD="class: currentRow, width: 65, align: center"]1[/TD]
    [TD="class: region, width: 215, align: left"]Singapore[/TD]
    [TD="class: category_data, width: 160, align: center"]
    29.70​
    [/TD]
    [TD="width: 155, align: right"]
    2010 est.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE="width: 638, align: center"]
    [TR]
    [TD="colspan: 4"][/TD]
    [/TR]
    [TR]
    [TD="class: currentRow, width: 65, align: center"]2[/TD]
    [TD="class: region, width: 215, align: left"]Qatar[/TD]
    [TD="class: category_data, width: 160, align: center"]
    27.10​
    [/TD]
    [TD="width: 155, align: right"]
    2010 est.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE="width: 638, align: center"]
    [TR]
    [TD="colspan: 4"][/TD]
    [/TR]
    [TR]
    [TD="class: currentRow, width: 65, align: center"]3[/TD]
    [TD="class: region, width: 215, align: left"]Taiwan[/TD]
    [TD="class: category_data, width: 160, align: center"]
    26.90​
    [/TD]
    [TD="width: 155, align: right"]
    2010 est.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE="width: 638, align: center"]
    [TR]
    [TD="colspan: 4"][/TD]
    [/TR]
    [TR]
    [TD="class: currentRow, width: 65, align: center"]4[/TD]
    [TD="class: region, width: 215, align: left"]Philippines[/TD]
    [TD="class: category_data, width: 160, align: center"]
    23.20​
    [/TD]
    [TD="width: 155, align: right"]
    2010 est.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE="width: 638, align: center"]
    [TR]
    [TD="colspan: 4"][/TD]
    [/TR]
    [TR]
    [TD="class: currentRow, width: 65, align: center"]5[/TD]
    [TD="class: region, width: 215, align: left"]Slovakia[/TD]
    [TD="class: category_data, width: 160, align: center"]
    18.80​
    [/TD]
    [TD="width: 155, align: right"]
    2010 est.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE="width: 638, align: center"]
    [TR]
    [TD="colspan: 4"][/TD]
    [/TR]
    [TR]
    [TD="class: currentRow, width: 65, align: center"]6[/TD]
    [TD="class: region, width: 215, align: left"]Laos[/TD]
    [TD="class: category_data, width: 160, align: center"]
    17.70​
    [/TD]
    [TD="width: 155, align: right"]
    2010 est.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE="width: 638, align: center"]
    [TR]
    [TD="colspan: 4"][/TD]
    [/TR]
    [TR]
    [TD="class: currentRow, width: 65, align: center"]7[/TD]
    [TD="class: region, width: 215, align: left"]Korea, South[/TD]
    [TD="class: category_data, width: 160, align: center"]
    16.60​
    [/TD]
    [TD="width: 155, align: right"]
    2010 est.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE="width: 638, align: center"]
    [TR]
    [TD="colspan: 4"][/TD]
    [/TR]
    [TR]
    [TD="class: currentRow, width: 65, align: center"]8[/TD]
    [TD="class: region, width: 215, align: left"]Japan[/TD]
    [TD="class: category_data, width: 160, align: center"]
    16.60​
    [/TD]
    [TD="width: 155, align: right"]
    2010 est.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE="width: 638, align: center"]
    [TR]
    [TD="colspan: 4"][/TD]
    [/TR]
    [TR]
    [TD="class: currentRow, width: 65, align: center"]9[/TD]
    [TD="class: region, width: 215, align: left"]China[/TD]
    [TD="class: category_data, width: 160, align: center"]
    15.70​
    [/TD]
    [TD="width: 155, align: right"]
    2010 est.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE="width: 638, align: center"]
    [TR]
    [TD="colspan: 4"][/TD]
    [/TR]
    [TR]
    [TD="class: currentRow, width: 65, align: center"]10[/TD]
    [TD="class: region, width: 215, align: left"]Thailand[/TD]
    [TD="class: category_data, width: 160, align: center"]
    14.40​
    [/TD]
    [TD="width: 155, align: right"]
    2010 est.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE="width: 638, align: center"]
    [TR]
    [TD="colspan: 4"][/TD]
    [/TR]
    [TR]
    [TD="class: currentRow, width: 65, align: center"]11[/TD]
    [TD="class: region, width: 215, align: left"]Latvia[/TD]
    [TD="class: category_data, width: 160, align: center"]
    14.30​
    [/TD]
    [TD="width: 155, align: right"]
    2010 est.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE="width: 638, align: center"]
    [TR]
    [TD="colspan: 4"][/TD]
    [/TR]
    [TR]
    [TD="class: currentRow, width: 65, align: center"]12[/TD]
    [TD="class: region, width: 215, align: left"]Vietnam[/TD]
    [TD="class: category_data, width: 160, align: center"]
    14.00​
    [/TD]
    [TD="width: 155, align: right"]
    2010 est.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE="width: 638, align: center"]
    [TR]
    [TD="colspan: 4"][/TD]
    [/TR]
    [TR]
    [TD="class: currentRow, width: 65, align: center"]13[/TD]
    [TD="class: region, width: 215, align: left"]Peru[/TD]
    [TD="class: category_data, width: 160, align: center"]
    13.60​
    [/TD]
    [TD="width: 155, align: right"]
    2010 est.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE="width: 638, align: center"]
    [TR]
    [TD="colspan: 4"][/TD]
    [/TR]
    [TR]
    [TD="class: currentRow, width: 65, align: center"]14[/TD]
    [TD="class: region, width: 215, align: left"]Estonia[/TD]
    [TD="class: category_data, width: 160, align: center"]
    13.20​
    [/TD]
    [TD="width: 155, align: right"]
    2010 est.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE="width: 638, align: center"]
    [TR]
    [TD="colspan: 4"][/TD]
    [/TR]
    [TR]
    [TD="class: currentRow, width: 65, align: center"]15[/TD]
    [TD="class: region, width: 215, align: left"]Turkey[/TD]
    [TD="class: category_data, width: 160, align: center"]
    13.10​
    [/TD]
    [TD="width: 155, align: right"]
    2010 est.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE="width: 638, align: center"]
    [TR]
    [TD="colspan: 4"][/TD]
    [/TR]
    [TR]
    [TD="class: currentRow, width: 65, align: center"]16[/TD]
    [TD="class: region, width: 215, align: left"]Malawi[/TD]
    [TD="class: category_data, width: 160, align: center"]
    12.50​
    [/TD]
    [TD="width: 155, align: right"]
    2010 est.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE="width: 638, align: center"]
    [TR]
    [TD="colspan: 4"][/TD]
    [/TR]
    [TR]
    [TD="class: currentRow, width: 65, align: center"]17[/TD]
    [TD="class: region, width: 215, align: left"]Congo, Republic of the[/TD]
    [TD="class: category_data, width: 160, align: center"]
    12.00​
    [/TD]
    [TD="width: 155, align: right"]
    2010 est.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE="width: 638, align: center"]
    [TR]
    [TD="colspan: 4"][/TD]
    [/TR]
    [TR]
    [TD="class: currentRow, width: 65, align: center"]18[/TD]
    [TD="class: region, width: 215, align: left"]Ukraine[/TD]
    [TD="class: category_data, width: 160, align: center"]
    11.20​
    [/TD]
    [TD="width: 155, align: right"]
    2010 est.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE="width: 638, align: center"]
    [TR]
    [TD="colspan: 4"][/TD]
    [/TR]
    [TR]
    [TD="class: currentRow, width: 65, align: center"]19[/TD]
    [TD="class: region, width: 215, align: left"]Zambia[/TD]
    [TD="class: category_data, width: 160, align: center"]
    11.20​
    [/TD]
    [TD="width: 155, align: right"]
    2010 est.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE="width: 638, align: center"]
    [TR]
    [TD="colspan: 4"][/TD]
    [/TR]
    [TR]
    [TD="class: currentRow, width: 65, align: center"]20[/TD]
    [TD="class: region, width: 215, align: left"]Poland[/TD]
    [TD="class: category_data, width: 160, align: center"]
    11.10​
    [/TD]
    [TD="width: 155, align: right"]
    2010 est.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE="width: 638, align: center"]
    [TR]
    [TD="colspan: 4"][/TD]
    [/TR]
    [TR]
    [TD="class: currentRow, width: 65, align: center"]21[/TD]
    [TD="class: region, width: 215, align: left"]Germany[/TD]
    [TD="class: category_data, width: 160, align: center"]
    10.80​
    [/TD]
    [TD="width: 155, align: right"]
    2010 est.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE="width: 638, align: center"]
    [TR]
    [TD="colspan: 4"][/TD]
    [/TR]
    [TR]
    [TD="class: currentRow, width: 65, align: center"]22[/TD]
    [TD="class: region, width: 215, align: left"]Brazil[/TD]
    [TD="class: category_data, width: 160, align: center"]
    10.50​
    [/TD]
    [TD="width: 155, align: right"]
    2010 est.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE="width: 638, align: center"]
    [TR]
    [TD="colspan: 4"][/TD]
    [/TR]
    [TR]
    [TD="class: currentRow, width: 65, align: center"]23[/TD]
    [TD="class: region, width: 215, align: left"]Hungary[/TD]
    [TD="class: category_data, width: 160, align: center"]
    10.50​
    [/TD]
    [TD="width: 155, align: right"]
    2010 est.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE="width: 638, align: center"]
    [TR]
    [TD="colspan: 4"][/TD]
    [/TR]
    [TR]
    [TD="class: currentRow, width: 65, align: center"]24[/TD]
    [TD="class: region, width: 215, align: left"]Belarus[/TD]
    [TD="class: category_data, width: 160, align: center"]
    10.50​
    [/TD]
    [TD="width: 155, align: right"]
    2010 est.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE="width: 638, align: center"]
    [TR]
    [TD="colspan: 4"][/TD]
    [/TR]
    [TR]
    [TD="class: currentRow, width: 65, align: center"]25[/TD]
    [TD="class: region, width: 215, align: left"]Czech Republic[/TD]
    [TD="class: category_data, width: 160, align: center"]
    10.30​
    [/TD]
    [TD="width: 155, align: right"]
    2010 est.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE="width: 638, align: center"]
    [TR]
    [TD="colspan: 4"][/TD]
    [/TR]
    [TR]
    [TD="class: currentRow, width: 65, align: center"]26[/TD]
    [TD="class: region, width: 215, align: left"]Papua New Guinea[/TD]
    [TD="class: category_data, width: 160, align: center"]
    10.00​
    [/TD]
    [TD="width: 155, align: right"]
    2010 est.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE="width: 638, align: center"]
    [TR]
    [TD="colspan: 4"][/TD]
    [/TR]
    [TR]
    [TD="class: currentRow, width: 65, align: center"]27[/TD]
    [TD="class: region, width: 215, align: left"]Kazakhstan[/TD]
    [TD="class: category_data, width: 160, align: center"]
    10.00​
    [/TD]
    [TD="width: 155, align: right"]
    2010 est.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE="width: 638, align: center"]
    [TR]
    [TD="colspan: 4"][/TD]
    [/TR]
    [TR]
    [TD="class: currentRow, width: 65, align: center"]28[/TD]
    [TD="class: region, width: 215, align: left"]Kyrgyzstan[/TD]
    [TD="class: category_data, width: 160, align: center"]
    9.80​
    [/TD]
    [TD="width: 155, align: right"]
    2010 est.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE="width: 638, align: center"]
    [TR]
    [TD="colspan: 4"][/TD]
    [/TR]
    [TR]
    [TD="class: currentRow, width: 65, align: center"]29[/TD]
    [TD="class: region, width: 215, align: left"]India[/TD]
    [TD="class: category_data, width: 160, align: center"]
    9.70​
    [/TD]
    [TD="width: 155, align: right"]
    2010 est.
    [/TD]
    [/TR]
    [/TABLE]
    [/TD]
    [/TR]
    [/TABLE]
     
  8. mylegend

    mylegend Regular Member

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    Electricity consumption is a key indicator of activity of industrial production.
    [TABLE]
    [TR]
    [TD][TABLE="width: 638, align: left"]
    [TR]
    [TD][TABLE="width: 638"]
    [TR="bgcolor: #F8f8e7"]
    RANK
    COUNTRY(KWH)DATE OF INFORMATION[/TR]
    [/TABLE]
    [/TD]
    [/TR]
    [/TABLE]
    [/TD]
    [/TR]
    [TR]
    [TD][TABLE="width: 638, align: center"]
    [TR]
    [TD="colspan: 4"][/TD]
    [/TR]
    [TR]
    [TD="class: currentRow, width: 65, align: center"]1[/TD]
    [TD="class: region, width: 215, align: left"]United States[/TD]
    [TD="class: category_data, width: 160, align: center"]
    3,741,000,000,000​
    [/TD]
    [TD="width: 155, align: right"]
    2009 est.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE="width: 638, align: center"]
    [TR]
    [TD="colspan: 4"][/TD]
    [/TR]
    [TR]
    [TD="class: currentRow, width: 65, align: center"]2[/TD]
    [TD="class: region, width: 215, align: left"]China[/TD]
    [TD="class: category_data, width: 160, align: center"]
    3,438,000,000,000​
    [/TD]
    [TD="width: 155, align: right"]
    2008 est.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE="width: 638, align: center"]
    [TR]
    [TD="colspan: 4"][/TD]
    [/TR]
    [TR]
    [TD="class: currentRow, width: 65, align: center"]3[/TD]
    [TD="class: region, width: 215, align: left"]European Union[/TD]
    [TD="class: category_data, width: 160, align: center"]
    2,887,000,000,000​
    [/TD]
    [TD="width: 155, align: right"]
    2008 est.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE="width: 638, align: center"]
    [TR]
    [TD="colspan: 4"][/TD]
    [/TR]
    [TR]
    [TD="class: currentRow, width: 65, align: center"]4[/TD]
    [TD="class: region, width: 215, align: left"]Japan[/TD]
    [TD="class: category_data, width: 160, align: center"]
    963,900,000,000​
    [/TD]
    [TD="width: 155, align: right"]
    2008 est.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE="width: 638, align: center"]
    [TR]
    [TD="colspan: 4"][/TD]
    [/TR]
    [TR]
    [TD="class: currentRow, width: 65, align: center"]5[/TD]
    [TD="class: region, width: 215, align: left"]Russia[/TD]
    [TD="class: category_data, width: 160, align: center"]
    857,600,000,000​
    [/TD]
    [TD="width: 155, align: right"]
    2008 est.
    [/TD]
    [/TR]
    [/TABLE]
    [TABLE="width: 638, align: center"]
    [TR]
    [TD="colspan: 4"][/TD]
    [/TR]
    [TR]
    [TD="class: currentRow, width: 65, align: center"]6[/TD]
    [TD="class: region, width: 215, align: left"]India[/TD]
    [TD="class: category_data, width: 160, align: center"]
    600,600,000,000​
    [/TD]
    [TD="width: 155, align: right"]
    2008 est.
    [/TD]
    [/TR]
    [/TABLE]
    [/TD]
    [/TR]
    [/TABLE]
     
  9. p2prada

    p2prada Stars and Ambassadors Stars and Ambassadors

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    Naaaa, we just have more power cuts. :p
     
  10. ejazr

    ejazr Stars and Ambassadors Stars and Ambassadors

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    Just to explain further, the article is talking about "growth" of manufacturing, not the absolute total. In terms of growth, China as well as US have been shrinking on staying very close to even in the previous 6 month period.

    India over the six month period on the other hand has posted the strongest "growth rate" among major economies in Manufacturing. So whatever manufacturing policy is being implemented has clearly worked despite the global economic meltdown and low demand from EU and US.
     
  11. RedDragon

    RedDragon Regular Member

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    The USA use so many power including Electronic and Oil. Don't forget there are only about 300 Million people in the USA, nearly a quarter of Chinese population. And their consume more energy than us.

    I think the world is very hard to let all China and India people lives like the USA. Lives with the USA's living condition, but less energy consumption, that is what we need to achieve.
     
  12. Illusive

    Illusive Senior Member Senior Member

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    That is what we have to achieve cause if people of India and China starts using resources like a average american, then we'd have to leave planet earth sooner than later(to Mars:D)
     
  13. tony4562

    tony4562 Tihar Jail Banned

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    With India's manufacturing sector being 1/10th in size compared to China's, such discussion is completely meaningless.
     

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