India s January factory activity hit 3-month high, job cuts subside
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India s January factory activity hit 3-month high, job cuts subside
Reuters / Feb 1, 2021, 10:41 IST
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(Representative image)
BENGALURU: India s factory activity expanded at its strongest pace in three months in January, fuelled by a continued recovery in demand and output, according to a private survey which also showed firms cut jobs at the slowest pace in 10 months.
The Nikkei Manufacturing Purchasing Managers Index , compiled by IHS Markit, rose to 57.7 in January from December s 56.4, above the 50-level separating growth from contraction for the sixth straight month.
Sub indexes tracking new orders and output rose to their highest since October, indicating strong growth in demand.