Discover and read the best of Twitter Threads about #PMI

Most recents (16)

#HappiestMindsIPO looking to raise 110Cr,got bids worth 58000Cr

Retail subscribed 71 times
HNI subscribed 351x
Institutional,77x

Overall,#IPO was subscribed a massive 151 times,highest for a IPO in recent history

After Aug #PMI at 52,this is yet another positive

#GreenShoots
Non-life #insurers saw 10.38% rise in premiums in Aug@Rs 17623.25Cr

General insurers saw #premium collection go up 5.57% in Aug2020 to Rs13139.63Cr

Biggest gainers in premium were standalone health insurers,who saw 36.42% rise in premiums to 1462.92Cr 💪

#GreenShoots #Economy
If one thing should have been big news,it is $40billion valuation of #YONO,SBI's digital lending platform

YONO got 2.7Cr users in just 6 months--It disburses 70Cr worth loans every day,largely to #MSMEs

YONO is biggest start up by any legacy bank,#SBI in this case💪

#economy
Read 5 tweets
#ManufacturingPMI for Aug2020 has went up and crossed 50 for the first time in last 5 months.

💠It clearly indicates that economy is rebooting and reviving. We have to be optimistic.

💠PMI numbers above 50 indicates exoansion and below 50 indicates contraction.
@ImSonu_Jha
In April, #ManufacturingPMI plunges to 27.4 followed by 30.8 in May, 47.2 in June and 46 in July. Now it stands at 52.

The sudden fall in PMI was because of strict lockdown enforced by the GOI. Industries were at halt for 2/3rd of Apr-June Quarter nd were at complete halt before
It can be clearly seen from the graph 📊 that, by the time ease in lockdown were issued from GOI nd states Govt, #ManufacturingPMI number start coming back to its previous reading. It is a good sign for the economy. Hope everything will be good in coming quarter. Fingers🤞🤞 🤞
Read 5 tweets
German GDP down 10% in June qtr

France down 14%

Singapore minus 41%

#USGDP minus 32.9%,as per advance estimates

#COVID has inflicted universal damage--fall in India will be relatively lower&cushioned by good agri growth

Even when March qtr GDP grew 3.1%,#AgriGrowth was 5.9%
Besides Farm sector,thx to Banking clean-up,by @narendramodi govt, #Banks are doing well too

#SBI reported 81% jump in net profit at Rs 4189Cr

Yes,there was one time gain of 1540Cr--But even without this,profit grew by 15%& #NII by 19%

#GrossNPAs fell from 6.15% to 5.44% QoQ💪
#NetNPAs of #SBI fell from 2.23%,to 1.88%,in June2020 qtr

Improvement in #AssetQuality of SBI is good news&this,despite providing for #COVID19India related losses

SBI made Covid related provisions worth 1836Cr inJune qtr

Total provisions against Covid related losses are 3008Cr
Read 13 tweets
Flash @IHSMarkitPMI surveys show global economy on road to recovery from pandemic. The G4 economies’ flash #PMI output index rose from 46.5 in June to 51.1 in July, up further from an all-time low of 21.5 in April. Read more at bit.ly/3eTVFZP
@IHSMarkitPMI The statistical historical relationship of the flash PMI with global #GDP suggests that the latest reading is broadly consistent with the global economy growing by 2% on a year ago, up from a signal of 0.2% growth in June.
@IHSMarkitPMI Output has risen in both manufacturing and services on aggregate among the G4 economies (US, UK, Japan, Eurozone)
Read 8 tweets
@avv_migliavacca 🔻“Per i più curiosi: nel 2016 il mitico #Rogoff (quello che truccò i dati su Excel per dimostrare che il debito frena la crescita: linkiesta.it/it/article/201…) ha scritto “La maledizione del #contante”, dove propone l’abolizione del contante con due argomenti...(segue)
@avv_migliavacca ...” 1) #corruzione, #evasione, bla bla bla...
2) in un periodo di #tassi bassi o zero, per rendere efficace la #politicamonetaria (cioè per far sì che un abbassamento dei tassi induca la gente a spendere), occorre poter applicare tassi negativi..” (segue)
@avv_migliavacca “...non solo alla #liquidità delle #banche (quando viene depositata in banca centrale) ma anche a quella della famiglie, e ovviamente non puoi farlo se questa liquidità è cash..,“ (segue)
Read 21 tweets
COVID-19 is an unparalleled economic crisis in modern history. My colleague @tulsipriya_rk and I have been tracking the macroeconomic effects of it on India’s economy on a weekly basis. Sharing some of the visualisations here in this thread.
#MacroOfCovidIndia Image
Globally, India’s workplace mobility rising relatively faster from a low base since Lockdown 3.0. Mobility levels to retail and recreation still 70% below baseline. #MacroOfCovidIndia @tulsipriya_rk Image
India's mobility to work places, grocery, pharmacy and transit stations picking up since 3rd May while visits to parks, retail and recreation spots remain low. @tulsipriya_rk Image
Read 22 tweets
🔴#Crisanti: "#Riaperture senza criterio, colpa non è dei ragazzi"
» ow.ly/XYHF30qJ6Lg
"È una polemica a senso unico. Io l’ho ignorata fino all'ultimo, ma quando vengono dette delle bugie a fini politici, con sprezzo di tutte le sofferenze e dei morti, rispondo indignato.
🤾‍♂️"Altro che Decreto Rilancio" i Professionisti in rivolta
23 mag | TG4 | Rete 4

#DecretoRilancio: è botta e risposta tra #governo e #professionisti.
🚨La beffa dei #rimborsi e le #aziende chiudono
23 mag | TG4 | Rete 4

#Coronavirus: economia sempre più in ginocchio ed esplode la rabbia degli #imprenditori.
Read 29 tweets
#PMI, el brazo comercial de #Pemex, declaró fuerza mayor en algunos cargamentos de combustible y aplazó otros, esto ante la baja demanda por la crisis del COVID-19, según un reporte de Bloomberg
La filial de Pemex, creada en 1989, está dedicada al comercio de petróleo crudo y sus derivados, es decir, es la compañía que se encarga de operar estos contratos en el mercado internacional
La declaratoria de fuerza mayor refiere a que hay algo fuera del control -en este caso de Pemex- que afecta su capacidad operativa, pues no puede recibir el combustible que se había comprometido a adquirir
Read 4 tweets
Coronavirus and India - A thread about the distribution and impact of Coronavirus -

Coronavirus, started in China, is now spreading around the world. India is not decoupled with other nations with regards to the spread of Coronavirus.
Let’s see the distribution & impact of this deadly disease -

#CoronaOutbreak #Coronvirus #ItalyCoronavirus #irancoronavirus #indiacoronavirus
Globally, about 3.4% of reported COVID-19 cases have died. By comparison, seasonal flu generally kills far fewer than 1% of those infected. Check out the Virus & Human death rates -

#COVID2019 #swineflu #SARSCoV2
Read 13 tweets
UK economy in worst spell since 2009 as all-sector #PMI signals further contraction. PMI rose from 48.8 in Sep to 49.5 in Oct, but declines have now been recorded in four of the past five months 1/
The Oct PMI indicates GDP q/q rate of fall of -0.1%, similar that signalled by in Q3. Official data are likely to have indicated more robust growth in Q3, the PMI warns that some of this strength reflects a pay-back from a steeper decline than signalled by the surveys in Q2 2/
Manufacturing remains in worst spell since 2012 while construction is in deepest downturn since 2009, with both in recession. Services meanwhile stagnated, improving on the decline seen in September but still suggesting that the sector is stuck in its worst patch since 2012 3/
Read 12 tweets
The past few rounds of inflation reflects the support of monetary expansion, which is not the case for the current round, said CF40 Senior Fellow Zhang Bin, 1/7 mp.weixin.qq.com/s/x4MFB_mc_1sj…
In the past few rounds, the prices of food, non-food and PPI have generally increased, while this round is characterized by a #Pork-driven rise in food price, and prices of other goods and services have generally fallen. 2/7
The main reason for the past few rounds of inflation is that demand is too strong, and this round of #CPI rise is a supply shock. 3/7
Read 7 tweets
State of the Economy through Charts and Tables

As the GDP growth (at 5%) slowed to a 25 quarter low in Q1 of FY 2020, let us examine the various economic indicators to understand the 'real' state of the Indian economy. Here is a thread. 1/13
1) 2-Wheeler Sales - dipped by ~17% in July, 2019. Motorcycle sales fell by 19% while Scooter sales declined by 12%. Scooters sell more in urban India. Motorcycles sell in both urban as well as rural India. The data shows distress in both India and Bharat. 2/13
2) Car sales - saw a massive YoY volume degrowth of 30.3%. Car purchase is a discretionary spending. People buy cars only when they are assured of future economic prospects. It shows that urban economic sentiment is at rock bottom levels. 3/13
Read 19 tweets
Summary of #China’s #macroeconomy in May, by CF40 Senior Fellow Zhang Bin:

1. The #economy declined. #Manufacturing #PMI dropped 0.7%; PMI of big, mid and small businesses dropped 50.3%, 48.8% and 47.8% respectively.

2. #Industrial growth rate continued to fall.
3. #Consumption growth picked up: total retail sales of consumer goods increased by 8.6% YoY.

4. Fixed #asset #investment dropped. In the first 5 months of 2019, #China's fixed asset investment grew by 5.6% YoY, down 0.5% from the figure for the first 4 months of the year.
5. #Exports rebounded, #imports fell and the #trade #surplus grew.

6. #CPI hit a new high while #PPI dropped.

mp.weixin.qq.com/s/fsn6JwmziNQJ…
Read 3 tweets
#China’s manufacturing PMI in Apr was 50.1,dropping slightly from March, but #PMI from high #tech manufacturing has risen for four consecutive months to 52.9, indicating a good development trend for #Chinese hi-tech #manufacturing,accoring to Zhang Bing mp.weixin.qq.com/s/0YgNTM6hwBQy…
Proportion of R&D spending in #Chinese #GDP rose from 1991’s 0.7% to 2017's 2.11%, higher than many advanced countries; Total intermediate input in production increased from 2004’s 0.735 to 2014’s 0.783 ; Value added to #exports increased from 2000’s 69% to 2014's 84%.
To observe the progress of #manufacturing transformation,one can take a "de-structuring" approach by looking into three major aspects involved in a manufacturing chain,namely the input,#production & product aspects,so as to have an objective and comprehensive picture.
Read 4 tweets
Data on #China’s Macro #Economy in March:
1. The economy picked up - manufacturing #PMI was 50.5%, 1.3% up from February and down 1% year-on-year;
2. #Industrial growth picked up - added value of industries above designated size rose by 8.5% year-on-year, 3.2% up from February;
3. #Consumption picked up - #retailsales rose by 8.7% year-on-year, 0.5% up from February;
4. Fixed #asset and #infrastructure #investment rebounded – from January to March, total fixed asset investment was up by 6.3% year-on-year, 0.2% higher than the first 2 months;
5. #Exports saw positive growth, while #imports continued to fall - dollar-denominated exports grew by 14.2% year-on-year, while imports fell by 7.6%;
6. #CPI and #PPI both picked up – CPI up by 2.3% year-on-year, and PPI, 0.4%.

mp.weixin.qq.com/s?__biz=MjM5Nj…
Read 3 tweets

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