Why in news India’s private sector manufacturing activity slowed to 56.3 in February 2025, down from 57.7 in January, as measured by the ...
Why in news
India’s private sector manufacturing activity slowed to 56.3 in February 2025, down from 57.7 in January, as measured by the HSBC Manufacturing PMI
A Purchasing Managers Index (PMI) value above 50 indicates growth; the index has been in growth territory for 44 months.
Manufacturing sales and output PMI hit a 14-month low.
Despite slower output growth, global demand continued to support Indian manufacturing.
Manufacturers increased purchasing activity and employment, with strong business expectations.
Nearly one-third of survey participants expect higher output in the coming year.
Increased export orders, driven by strong global demand, led to more hiring and higher labor costs.
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