Manufacturing PMI rises to 56.9 on strong demand
pre-market1 source ↓written by the desknot a recommendation
- in January
- 55.4
India’s manufacturing activity improved in February, with the PMI rising to 56.9, up from 55.4 in January, as reported by HSBC. This marks a four-month high, driven by robust domestic demand and increased new orders. The sector experienced the strongest production growth since October, reflecting elevated operating conditions.
• New order inflows surged due to demand buoyancy.
• The pace of growth is historically high, indicating a positive outlook for manufacturers.
Traders may view this as a bullish signal for the manufacturing sector.
Not investment advice. For informational purposes only.