The seasonally adjusted S&P Global India Manufacturing PMI climbed to 57.2 in April from 56.4 in March. A reading above 50 denotes expansion. In fact, the April headline index print is the highest so far in 2023. This was aided by robust new orders, increased production, and easing supply chain pressures.
Among other highlights, new orders rose at the quickest pace since last December, the survey report said, adding, “The rate of expansion was sharp and above its long-run average." This upturn in new orders was supported by favourable market conditions, demand strength and publicity, according to the respondents.
Denne historien er fra May 02, 2023-utgaven av Mint Mumbai.
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Denne historien er fra May 02, 2023-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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