India's manufacturing output reaches 13-month high in December
India's manufacturing sector activity rose to a 13-month high in December, supported by healthy inflows of new business and strong demand conditions, according to a monthly survey.
The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) rose to 57.8 in December from 55.7 in November.
The reason for this is that the fastest improvement is now being seen in business activities in the last 2 years.
The December data showed that overall operating conditions improved for the 18th consecutive month.
Meaning of PMI Index
In the language of Purchasing Managers' Index (PMI), a score above 50 means expansion, while a figure below 50 indicates contraction.
The beginning of 2022 was very good, since then the performance of the manufacturing sector has remained consistently good.
The S&P Global India Manufacturing PMI is prepared by S&P Global on the basis of responses received from purchasing managers of 400 manufacturers.
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