The HSBC India Manufacturing Purchasing Managers’ Index (PMI) increased to 58.3 in June, from May’s 57.5, indicating a sharper improvement in business conditions.
Producers’ optimism about prospects in the coming year slid to a three-month low, with about 29% expecting growth over the year ahead.
Manufacturing activity rebounded in June, with an uptick in new orders, output and input purchases, and scaled up hiring to the highest level in at least 19 years, as per a survey-based index.
The performance of the consumer goods industry was strong, with substantial increases were also noted in the intermediate and investment goods categories
Intermediate goods makers registered the quickest increase in input costs, while consumer goods producers led the upturn in output charges.
New export orders also increased substantially in June
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