Key Points
India's manufacturing sector expanded at the slowest pace in four months in February..
The seasonally adjusted S&P Global India Manufacturing Purchasing Managers Index (PMI) was at 55.3 in February, little-changed from 55.4 in January and signalling a strong improvement in the health of the sector..
India's manufacturing industry sustained robust growth of output and new orders halfway through the final fiscal quarter, albeit with a notable slowdown in the rate of international sales expansion..
Growth momentum in India's manufacturing industry was maintained in February, with new orders and output increasing at similar rates to January..
Companies were confident in the resiliency of demand and continued to add to their inventories by purchasing additional inputs," said Pollyanna De Lima, Economics Associate Director at S&P Global Market Intelligence..
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