India’s February PMI rises to 59.3, strongest in three months
pre-market1 source ↓written by the desknot a recommendation
India’s private sector showed resilience in February, with the PMI rising to 59.3 from January's 58.4, surpassing expectations of 59.0. The manufacturing PMI increased to 57.5, driven by strong domestic orders, while services PMI slightly dipped to 58.4. This growth indicates robust demand and may boost market sentiment. 📈
• New orders rose at the fastest pace since November
• Manufacturing output strengthened despite slower export order growth
• PMI above 50 indicates continued expansion
Not investment advice. For informational purposes only.