India's PMI rises but export orders slow down
after close1 source ↓written by the desknot a recommendation
- in February
- 59.3
- PMI climbed
- 57.5
- slowest growth
- 16 months
India's composite Purchasing Managers' Index reached 59.3 in February, indicating robust private sector expansion, driven by strong manufacturing output. The manufacturing PMI climbed to 57.5, yet new export orders saw the slowest growth in 16 months. This mixed data suggests potential challenges ahead for sustained growth in the economy.
Not investment advice. For informational purposes only.