Key Points
A rise in new export orders and sustained domestic demand pushed manufacturing activity to a five-month high in February, according to results of a private survey released Friday...
The HSBC India Manufacturing Purchasing Managers Index rose to 56.9 in February compared with 56.5 in the previous month, with new export orders rising to the highest level in 21 months...
The HSBC final India Manufacturing PMI indicates that production growth continued to be strong, supported by both domestic and external demand, said Ines Lam, economist, HSBC...
The retreating of input cost inflation also had an impact on prices charged by manufacturing firms, with only 8% of 400 manufacturers surveyed passing on costs to consumers...
Among the 8% of panellists that hiked their fees, there were mentions of the passing on of greater freight, material and wage costs to clients, the report noted, highlighting that charge inflation was lowest since April 2023...
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