homeeconomy NewsIndia's manufacturing sector PMI growth increases to 56.5 in January, highest in four months

India's manufacturing sector PMI growth increases to 56.5 in January, highest in four months

India's manufacturing sector activity, the S&P Global Purchasing Managers' Index, for January came in at 56.5 .Last month, it fell to 54.9 in December from 56 in November.

Profile image

By Shloka Badkar  Feb 1, 2024 10:55:35 AM IST (Updated)

Listen to the Article(6 Minutes)
1 Min Read
India's manufacturing sector PMI growth increases to 56.5 in January, highest in four months
India's manufacturing sector activity, the S&P Global Purchasing Managers' Index, for January came in at 56.5, highest in four months

Share Market Live

View All

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.

Most Read

Share Market Live

View All
Top GainersTop Losers
CurrencyCommodities
CurrencyPriceChange%Change