India’s manufacturing activities during December see substantial, albeit slower, rise in sales, output

India’s manufacturing activities during December see substantial, albeit slower, rise in sales, output

India’s manufacturing sector activities moderated in December but output remained in the growth territory, amid slower rise in sales and new orders, even as business sentiment was dampened by concerns surrounding supply-chain disruptions, COVID-19 and inflationary pressures, a monthly survey said on Monday. The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) eased … Read more

Manufacturing hits 10-month high in November, PMI at 57.6

Manufacturing hits 10-month high in November, PMI at 57.6

Manufacturing activity in India grew at its fastest pace in 10 months in November, driven by strengthening demand and improving market conditions amid tentative signs of an improvement in hiring activity, a private survey showed on Wednesday. Companies scaled up input buying, which in turn led to the second-quickest accumulation in stocks of purchases in … Read more