Categories: Business

Feb manufacturing growth remains flat: PMI

New Delhi, March 1 (SocialNews.XYZ) India's manufacturing sector growth remained flat-to-positive in February, as improving business environment pushed order flow.

Accordingly, the headline seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) inched up to 57.5 (index reading) in February same as 57.7 in January. However, the index remained above its long-run average of 53.6.

The PMI ranges between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month.

"Better demand conditions and successful marketing campaigns reportedly underpinned a further increase in new orders during February," said IHS Markit in the February PMI report.

"Although easing from January, the pace of growth remained sharp in the context of historical data."

Source: IANS

Facebook Comments

About Gopi

Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.

He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.

When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.

He can be reached at gopi@socialnews.xyz

Share

This website uses cookies.

%%footer%%