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The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) rose from 56.5 in January to 56.9 in February, pointing to the strongest improvement in the health of the sector since September 2023
In January, the growth of the services sector in India reached its highest point in six months, with a surge in new business...
HSBC India Manufacturing Purchasing Managers' Index rose to a four-month high of 56.5 in January, recovering from the previous month's 18-month low of 54.9. The rise in production was driven by robust domestic demand, with current output expanding and domestic orders growing faster than export orders.
The January flash Purchasing Managers' Index for the Indian manufacturing sector, released on January 24, had come in at 56.9.
India's manufacturing industry improved substantially at the start of 2024 with factory activity expanding at its fastest pace in four months in January on robust demand and an upbeat year-ahead... -February 01, 2024 at 12:00 am EST - MarketScreener