Disclaimer: We may earn a commission if you make any purchase by clicking our links. Please see our detailed guide here.

Follow us on:

Google News
Whatsapp

Healthy Demand Accelerates the Growth of India’s Manufacturing Sector in Feb: PMI.

Rahul Bhagat
Rahul Bhagat
Rahul Bhagat is a Digital Marketer and strategist with more than 7 years of experience in Marketing, SEO, Analytics, Marketing Automation and more.

Join the Opinion Leaders Network

Join the Techgenyz Opinion Leaders Network today and become part of a vibrant community of change-makers. Together, we can create a brighter future by shaping opinions, driving conversations, and transforming ideas into reality.

Due to robust demand, India’s manufacturing sector’s growth sequentially rose in February 2022.

Accordingly, the seasonally-adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) came in at 54.9 (index reading).

In January 2022, the seasonally-adjusted index had sequentially eased to 54 (index reading).

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

February PMI data showed another improvement in the health of the Indian manufacturing sector as firms responded to strong increases in new work intakes by lifting production, input buying and stocks of purchases, – the PMI report said.

“Employment fell at the softest pace for three months, while favourable demand conditions supported an improvement in sentiment which reached the strongest since last October.”

According to the PMI report, strengthening demand for raw materials led to another marked rate of input price inflation, albeit one that was the softest for six months.

Besides, the PMI report said growth has now been seen in each of the latest eight months, with the headline figure remaining above its long-run average of 53.6.

Join 10,000+ Fellow Readers

Get Techgenyz’s roundup delivered to your inbox curated with the most important for you that keeps you updated about the future tech, mobile, space, gaming, business and more.

Recomended

Partner With Us

Digital advertising offers a way for your business to reach out and make much-needed connections with your audience in a meaningful way. Advertising on Techgenyz will help you build brand awareness, increase website traffic, generate qualified leads, and grow your business.

Power Your Business

Solutions you need to super charge your business and drive growth

More from this topic