India's manufacturing sector activity, the S&P Global Purchasing Managers' Index, for January came in at 56.5, highest in four months
In Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion while a score below 50 denotes contraction.
India's manufacturing sector growth dropped to an 18-month low in December, amid softer increase in factory orders and output,
Last month, it fell to 54.9 in December from 56 in November.
The HSBC India Manufacturing PMI is compiled by S&P Global from responses to questionnaires sent to purchasing managers in a panel of around 400 manufacturers.
As per S&G Global, new orders for manufacturers in India increased the most in January in four months, and export orders rose the most since October.
First Published: Feb 1, 2024 10:36 AM IST
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