Manufacturing output at 1 3 - month high in December: PMI survey - Times of India

NEW DELHI: Activity in the country's manufacturing sector remained robust and output growth soared to a 13-month high in December on the back of new business and rising production, a survey showed on Monday.
At 57.8 in December, up from 55.7 in November, the S&P Global India Manufacturing Purchasing Managers' Index (PMI) pointed to a robust improvement in the health of the sector that was the best seen since October 2020. The PMI average for the third fiscal quarter (56.3) was the highest recorded since one year ago, according to the survey. The 50-point mark separates expansion from contraction. The survey is compiled from responses to questionnaires sent to purchasing managers in a panel of around 400 manufacturers.
Orders from abroad slowest in five months
Activity in the country's manufacturing sector remained robust and output growth soared to a 13-month high in December.
Demand resilience boosted sales growth in December, with the rate of increase picking up to the quickest since February 2021. In some instances, panellists indicated that advertising, product diversification and favourable economic conditions supported sales, according to results of a PMI survey.
The survey showed that global demand for Indian goods also improved, but did so to a lesser extent than in November. Overall, new orders from abroad rose at the slowest pace in five months as several companies reportedly struggled to secure new work from key export markets.
The country's manufacturing sector had picked up pace after the lifting of Covid-19 curbs but rising interest rates and the geopolitical situation have emerged as key challenges. Slowing global demand is also expected to act as an obstacle for the country's exports.

Adblock test (Why?)

Read Again https://news.google.com/__i/rss/rd/articles/CBMikQFodHRwczovL3RpbWVzb2ZpbmRpYS5pbmRpYXRpbWVzLmNvbS9idXNpbmVzcy9pbmRpYS1idXNpbmVzcy9tYW51ZmFjdHVyaW5nLW91dHB1dC1hdC0xMy1tb250aC1oaWdoLWluLWRlY2VtYmVyLXBtaS1zdXJ2ZXkvYXJ0aWNsZXNob3cvOTY2OTM0ODguY21z0gGMAWh0dHBzOi8vbS50aW1lc29maW5kaWEuY29tL2J1c2luZXNzL2luZGlhLWJ1c2luZXNzL21hbnVmYWN0dXJpbmctb3V0cHV0LWF0LTEzLW1vbnRoLWhpZ2gtaW4tZGVjZW1iZXItcG1pLXN1cnZleS9hbXBfYXJ0aWNsZXNob3cvOTY2OTM0ODguY21z?oc=5

Bagikan Berita Ini