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.
Diese Geschichte stammt aus der January 03, 2023-Ausgabe von Mint Mumbai.
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Diese Geschichte stammt aus der January 03, 2023-Ausgabe von Mint Mumbai.
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