Key Points
New Delhi, Feb 1 (PTI) Indias manufacturing sector growth climbed to a four-month high in January as a sharper upturn in new orders boosted output growth amid mild cost inflation, a monthly survey said on Thursday...
The seasonally adjusted HSBC India Manufacturing Purchasing Managers Index (PMI) recovered from an 18-month low of 54.9 in December to 56.5 in January...
Current output expanded on robust demand, with domestic orders growing at a faster pace than export orders, Ines Lam, Economist at HSBC, said.. Lam further added that the input price index inched up, but manufacturers were able to pass on some of the cost pressures to consumers, as suggested by the small rise in the output price index..
According to the survey, new orders placed with Indian goods producers rose at a sharp pace in January, and one that was the strongest in four months..
Collectively, the rate of expansion in international orders was the fastest since last October, the report said.. Goods producers collectively recorded the fastest increase in outstanding business volumes in 15 months, with demand strength reportedly exerting pressure on their capacities...
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