Manufacturing PMI rises to 55.4 in January
after close1 source ↓written by the desknot a recommendation
- in January
- 55.4
- in December
- 55.0
- 15-month low
The HSBC India Manufacturing Purchasing Managers’ Index (PMI) increased to 55.4 in January, up from 55.0 in December, indicating a recovery in manufacturing activity. Despite this rebound, business confidence remains muted due to weak export growth, which is at a 15-month low. The rise in PMI reflects improved factory orders and production, driven primarily by strong domestic demand.
Not investment advice. For informational purposes only.