Manufacturing activity rises to 10-month high

A steady economic recovery in India's major export destinations of the United States and the euro zone over the past few months brought orders in at an increased pace.NEW DELHI: There’s some reason for cheer on the economic front. Manufacturing activity recovered to a 10-month high in January on account of a rise in new orders, a private survey showed, indicating some pickup in demand after months of contraction.

The first data for 2014 follows a clutch of disappointing numbers that included a surprise contraction in industrial production in November and muted core sector growth in December, which suggested that the economy was still skimming the bottom.

HSBC’s purchasing managers’ index (PMI) for manufacturing rose to 51.4 in January, the highest reading on the survey-based index since March 2013, from 50.7 points in the previous month. Read more



Tagged as: , , , , , , , , , , , , , , , , , , , ,

Categorised in: Manufacturing, Sector News

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: