Dec manufacturing growth inches up: PMI


New Delhi, Jan 4 (IANS): India's manufacturing sector growth inched up in December, as improving business environment pushed order flow.

The headline seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) inched up to 56.4 (index reading) in December up from 56.3 in November.

The PMI varied between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month.

"Reflecting the loosening of COVID-19 restrictions, strengthening demand and improved market conditions, factory orders increased during December," said the Manufacturing PMI report said.

"In response, firms lifted production again. In both cases, rates of expansion remained sharp despite easing to four-month lows."

  

Top Stories


Leave a Comment

Title: Dec manufacturing growth inches up: PMI



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.