Manufacturing in January

Why is it in the news?
  • The IHS Markit India Manufacturing Puchasing Managers’ Index (PMI) rose from 52.7 in December to 55.3 in January.
  • A print above 50 means expansion, while a score below that denotes contraction.
  • The manufacturing sector activity climbed to a near eight-year high in January.
More in the news
  • Drivers of growth in Manufacturing:
(1) A sharp rise in new business orders amid a rebound in demand conditions that led to a rise in production and hiring activity.
(2) Following a sharp improvement in demand, January saw growth of new business, output, exports, input buying and employment.
(3) At the same time, business sentiment strengthened and there were softer rises in both input costs and output charges.
(4) The rise in total sales was supported by strengthening demand from external markets.
Source
The Hindu.
Posted by Jawwad Kazi on 4th Feb 2020
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