India February manufacturing PMI falls marginally to 57.5 from 57.7 in January
Indian goods producers reported a healthy inflow of new orders in February. (Photo: Bloomberg)Premium
2 min read
Share Via
Read Full Story
India’s manufacturing activity eased a little in February compared to January but remained robust as firms lifted input inventories at record pace with strong growth in sales and production, a private survey said.
Data released by the analytics firm IHS Markit on Monday showed Purchasing Managers’ Index (PMI) for manufacturing sector fell marginally 57.5 from 57.7 a month ago. A figure above 50 indicates expansion, while sub-50 signals contraction. The headline figure however remained above its long-run average of 53.6.
Updated Mar 01, 2021 | 12:37 IST
India s manufacturing sector activities eased slightly in February but firms were upbeat as they responded to increased new work intakes by stepping up production and purchasing activities. India s February manufacturing PMI slightly ease to 57.5 from 57.7 in January | Photo Credit: BCCL
New Delhi: India s manufacturing sector activities eased slightly in February but firms were upbeat as they responded to increased new work intakes by stepping up production and purchasing activities, a monthly survey said on Monday.
The seasonally-adjusted IHS Markit India Manufacturing Purchasing Managers Index (PMI) fell marginally to 57.5 in February from 57.7 in January, indicating that even though the pace of growth eased from January it remained sharp in the context of historical data.