Latest news with #ManufacturingPurchasingManagers'Index
Mint
21 hours ago
- Business
- Mint
India's core sector output grows 0.7% in May
New Delhi: The output of eight core infrastructure sectors, which account for two-fifths of India's industrial output, expanded by 0.7% in May, the ministry of commerce & industry said on Friday. The expansion was led by positive growth in the production of cement, steel, coal and refinery products The index had expanded by a revised 1% in April. The Index of Eight Core Industries measures the combined and individual output of key industries – coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity. The eight core industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production. India's manufacturing sector activity had dropped to a three-month low in May as growth in new orders and output softened, a private survey showed on 2 June. The HSBC India Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, fell to 57.6 in May from 58.2 in April and 58.1 in March. India's manufacturing PMI was 56.3 in February and 57.7 in January. A reading above 50 indicates expansion.
Time of India
14-06-2025
- Business
- Time of India
India's soft industrial momentum, widening trade gap & business caution, key risks in H2 2025: Report
A recent LLama Research report indicates that while India's economy exhibits strong growth and moderating inflation, certain vulnerabilities warrant attention as H2 2025 approaches. Softening industrial momentum, a growing trade deficit, and initial signs of business caution require careful monitoring. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads New Delhi: India 's soft industrial momentum, a widening trade gap , and early signs of business caution warrant close tracking as H2 2025 unfolds, according to a report by LLama the broader economic outlook remains positive, the report added that there are signs that some areas of the economy may need close attention going report said "India continues to run a "Goldilocks" macro script -- strong growth and moderating inflation -- with solid buffers in place. However, soft industrial momentum, a widening trade gap, and early signs of business caution warrant close tracking as H2 2025 unfolds".India is currently in a high-growth, low-inflation sweet spot. The growth is being led largely by the services sector, which continues to show strong momentum. However, industrial output is showing signs of weakness and needs to be watched carefully in the coming report noted that economic growth is accelerating. India's GDP rose to 7.4 per cent in the first quarter of 2025, up from 6.2 per cent in the last quarter of 2024. Gross Value Added (GVA) also improved to 6.8 per cent, reflecting resilience in domestic economic activity indicators remain strong. The Manufacturing Purchasing Managers' Index (PMI) stood around 58, while the Services PMI was in the 59-61 range, pointing to steady demand in both signs of industrial slowdown are emerging. The Index of Industrial Production (IIP) has slowed to 2.7 per cent, due to weakness in mining, manufacturing, and electricity the inflation front, there is positive news. Consumer Price Index (CPI) inflation fell sharply to 2.8 per cent in May 2025, from 5.2 per cent in December 2024, mainly due to a decline in food prices. Core inflation remains stable around 4 per cent, and the Wholesale Price Index (WPI) at 0.85 per cent suggests more price stability the positive growth and inflation trends, the report cautioned that several risks need monitoring. These include a widening trade deficit that could put pressure on the Indian rupee if capital inflows slow, persistent core inflation, global commodity price swings, and weak growth in core addition, business sentiment is showing early signs of caution, and flat labour force participation remains a long-term structural report concluded that while India's macroeconomic situation appears robust, close tracking of key indicators will be crucial as the second half of 2025 progresses.
Economic Times
14-06-2025
- Business
- Economic Times
India's soft industrial momentum, widening trade gap & business caution, key risks in H2 2025: Report
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel New Delhi: India 's soft industrial momentum, a widening trade gap , and early signs of business caution warrant close tracking as H2 2025 unfolds, according to a report by LLama the broader economic outlook remains positive, the report added that there are signs that some areas of the economy may need close attention going report said "India continues to run a "Goldilocks" macro script -- strong growth and moderating inflation -- with solid buffers in place. However, soft industrial momentum, a widening trade gap, and early signs of business caution warrant close tracking as H2 2025 unfolds".India is currently in a high-growth, low-inflation sweet spot. The growth is being led largely by the services sector, which continues to show strong momentum. However, industrial output is showing signs of weakness and needs to be watched carefully in the coming report noted that economic growth is accelerating. India's GDP rose to 7.4 per cent in the first quarter of 2025, up from 6.2 per cent in the last quarter of 2024. Gross Value Added (GVA) also improved to 6.8 per cent, reflecting resilience in domestic economic activity indicators remain strong. The Manufacturing Purchasing Managers' Index (PMI) stood around 58, while the Services PMI was in the 59-61 range, pointing to steady demand in both signs of industrial slowdown are emerging. The Index of Industrial Production (IIP) has slowed to 2.7 per cent, due to weakness in mining, manufacturing, and electricity the inflation front, there is positive news. Consumer Price Index (CPI) inflation fell sharply to 2.8 per cent in May 2025, from 5.2 per cent in December 2024, mainly due to a decline in food prices. Core inflation remains stable around 4 per cent, and the Wholesale Price Index (WPI) at 0.85 per cent suggests more price stability the positive growth and inflation trends, the report cautioned that several risks need monitoring. These include a widening trade deficit that could put pressure on the Indian rupee if capital inflows slow, persistent core inflation, global commodity price swings, and weak growth in core addition, business sentiment is showing early signs of caution, and flat labour force participation remains a long-term structural report concluded that while India's macroeconomic situation appears robust, close tracking of key indicators will be crucial as the second half of 2025 progresses.
Yahoo
09-06-2025
- Business
- Yahoo
Dynamic pricing, easy comps end 22-month tonnage downturn at ArcBest
ArcBest has seen metrics flip through the first two months of the second quarter with tonnage returning to growth as yields lag. Easy volume comps after nearly two years of declines and heavier usage of a dynamic pricing tool were the catalysts. The company's asset-based segment, which includes results from less-than-truckload subsidiary ABF Freight, reported a 2% year-over-year increase in revenue per day during May, which followed a flat result in April, according to a filing with the Securities and Exchange Commission. Tonnage was up 6% y/y during May – the biggest y/y increase for the carrier since August 2022. The increase was driven by a 7% increase in shipments, which was slightly offset by a 1% decline in weight per shipment. Tonnage in the segment increased 3.6% y/y in April, which was the first positive move since May 2023. The volume increases were due to the easy comps created by a 22-month stretch of declines. ArcBest (NASDAQ: ARCB) has used a dynamic pricing model, which provides discounts to fill available network capacity (and vice versa) during the soft stretch. Overall, ArcBest noted more shipments from core accounts but said demand from manufacturing-tethered and household-moving customers remained soft. Manufacturing activity, which generates nearly two-thirds of the LTL industry's freight, slumped in May. The Manufacturing Purchasing Managers' Index remained slightly in contraction territory at 48.5 (a 50 reading is neutral). The new orders subindex, which is indicative of future near-term freight demand, remained in decline at 47.6. On a two-year-stacked comparison, ArcBest's tonnage was off 16% in May following a 17.9% decline in April. The stacked comps bottomed in January (down 27.2%). Revenue per hundredweight, or yield, was down 3.4% y/y in April and 4% lower in May even with modest declines in weight per shipment (the denominator in the equation). Through the first two months of the second quarter, yield is down 2% excluding the impact of fuel surcharges. Fewer shipments with manufacturing customers and the mix shift to core accounts were cited as the reasons. 'This decline was influenced by an increase in shipments from core customers with easier-to-handle freight, which generally have a lower revenue per hundredweight profile but are operationally more efficient,' the company said in the filing. ArcBest was also up against tough yield comps from a year ago – plus-24.6% and plus-26% from April and May of 2024, respectively. While there is some noise in ArcBest's yields, it said on the first-quarter call in April that contractual rate increases averaged 4.9% y/y, a 10.2% increase on a two-year-stacked comp. The filing said that 'the pricing environment remains rational. The company reiterated its prior margin guidance. It normally sees 300 to 400 bps of improvement from the first to the second quarter and expects to perform within that range again this year. That implies a 92.4% adjusted operating ratio at the midpoint, which would be 260 basis points worse y/y. ArcBest upped its forecast for the asset-light unit, which includes truck brokerage. The segment is now expected to see breakeven results to $1 million in adjusted operating income during the second quarter. That's better than the prior guide calling for an operating loss of $1 million to $2 million and would break a streak of seven straight quarterly losses. Revenue is down 11% y/y in the unit through the first two months of the second quarter as shipments per day are down 5% and revenue per shipment is off 6%. Purchased transportation expense as a percentage of revenue has held steady at 85%. Conversely, LTL carrier Saia (NASDAQ: SAIA) reported last week that its 22-month streak of y/y tonnage increases come to an end in May. The carrier was among the most aggressive in taking market share following Yellow Corp.'s July 2023 shutdown. Shares of ARCB were up 5.2% at 10:32 a.m. EDT on Monday compared to the S&P 500, which was up 0.1%. More FreightWaves articles by Todd Maiden: Saia's tonnage turns negative after 22-month run XPO sees modest tonnage decline in May Old Dominion's May update in line with prior Q2 guide The post Dynamic pricing, easy comps end 22-month tonnage downturn at ArcBest appeared first on FreightWaves. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-06-2025
- Business
- Yahoo
Saia's tonnage turns negative after 22-month run
After 22 months of consecutive tonnage increases following Yellow Corp.'s shutdown, less-than-truckload carrier Saia reported a modest decline in volume during May. Saia (NASDAQ: SAIA) announced Thursday that tonnage per day dipped 0.4% year over year in May following a 4.4% increase in April (and a 12.8% increase in the first quarter). The May decline was the combination of a 3.2% drop in shipments, which was largely offset by a 3% increase in weight per shipment. The Johns Creek, Georgia-based carrier was very aggressive after Yellow's (OTC: YELLQ) exit, acquiring 28 of the defunct company's terminals and quickly onboarding its customers. (A filing with a federal bankruptcy court in Delaware last month showed it was acquiring three more service centers from Yellow's estate.) In the months that followed the acquisitions, Saia's volume growth significantly outpaced the rest of the industry even with a freight recession as the backdrop. But after nearly two years of increases, and further protraction of the downturn, the comps are increasingly more a two-year-stacked comparison, Saia's tonnage was up 9.4% in May following a 12% increase in April. The stacked comps peaked in February at plus-23.2%. Manufacturing activity, which generates nearly two-thirds of the LTL industry's freight, slumped again in May. The Manufacturing Purchasing Managers' Index remained slightly in contraction territory at 48.5 (a 50 reading is neutral). The new orders subindex, which is indicative of future near-term demand, remained in decline at 47.6. The Thursday update from Saia was its first since late April when it reported first-quarter results significantly worse than analysts were expecting, pushing shares 30% lower on the day. An unfavorable lane mix and costs from getting new terminals up to speed pushed its operating ratio (inverse of operating margin) 670 basis points higher y/y to 91.1% – its worst operating performance since the COVID-marred second quarter of doesn't provide any revenue-based metrics in its intraquarter updates. During the first quarter, yields were negative (down 5.1% y/y excluding fuel surcharges). Heavier shipment weights were a headwind to yield (revenue per hundredweight) in the quarter, but when adjusted for weight and length of haul, yields were likely still negative in the period. However, management said on the call that it hadn't changed its approach to pricing and noted that contractual rate increases averaged 6.1% in the period. The stickiness of those rate increases, however, remains to be seen. The company previously guided an 89% OR for the second quarter, which would be 570 bps worse y/y. Shares of SAIA were off 3.9% at 10:46 a.m. EDT on Thursday compared to the S&P 500, which was up 0.2%. More FreightWaves articles by Todd Maiden: XPO sees modest tonnage decline in May Old Dominion's May update in line with prior Q2 guide Transportation pricing grows faster than capacity again in May The post Saia's tonnage turns negative after 22-month run appeared first on FreightWaves. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
