Manufacturing PMI rises to 56.9 on strong demand
after close1 source ↓written by the desknot a recommendation
- in January
- 55.4
India’s manufacturing activity strengthened in February, with the PMI rising to 56.9, up from 55.4 in January, according to HSBC. This marks a four-month high, driven by robust domestic demand and increased new order inflows. The survey indicates the strongest production expansion since October, reflecting improved operating conditions across the sector.
• Strongest expansion in production volumes in four months
• Increased new business attributed to demand buoyancy and marketing initiatives
• Historically elevated growth pace observed
Traders may see positive sentiment in manufacturing-related stocks as demand remains strong.
Not investment advice. For informational purposes only.