India manufacturing PMI rises to 55.4 in January
pre-market1 source ↓written by the desknot a recommendation
- in January
- 55.4
- in December
- 55
The Purchasing Managers’ Index (PMI) for Indian manufacturing rose to 55.4 in January from 55 in December, indicating sector expansion. This growth was driven by increased new orders, output, and employment, despite slight margin pressure due to rising input costs. The domestic market remained the primary sales driver, with new export business growing at a slower pace.
• Increased new orders and tech investment supported production.
• Employment trends improved as firms responded to demand buoyancy.
Overall, the PMI above 50 signals positive momentum for the manufacturing sector.
Not investment advice. For informational purposes only.