Manufacturing PMI rises to 56.9 on strong demand
pre-market1 source ↓written by the desknot a recommendation
- climbing
- 56.9
- in January
- 55.4
India’s manufacturing activity improved in February, with the Purchasing Managers’ Index (PMI) climbing 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 order inflows. The sector experienced the strongest production expansion since October 2022, indicating positive operating conditions.
Not investment advice. For informational purposes only.