Manufacturing PMI in Dec hits 26-month high
Mint Mumbai|January 03, 2023
India's manufacturing activity rebounded to a 26-month high in December led by strong expansion in new orders and production, according to a private survey, signalling resilient demand despite global challenges.
Dilasha Seth
Manufacturing PMI in Dec hits 26-month high

As production increased, hiring also picked up, and factory output grew at its fastest rate since November 2021.

The S&P Global India Manufacturing Purchasing Managers Index (PMI) rose sharply to 57.8 in December from 55.7 in November as input price pressures eased, improving outlook and business confidence. However, new orders from abroad rose at the slowest pace in five months amid a demand slowdown in India's key export markets.

The reading was over the 50-mark that separates expansion and contraction in factory activity.

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