India's manufacturing PMI dips to 58.8 in April from 59.1 in March
New Delhi, May 2 -- On the back of strong demand, India's manufacturing activities continued to expand in April 2024 but the pace of growth moderated during this period, as per a survey findings published by S&P Global on Thursday.
The HSBC India manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, fell to 58.8 in April this year from 59.1 in the previous month.
A PMI print below 50 means contraction while above it shows expansion in activities.
As per the private survey, operating conditions in April this year improved at the second-fastest pace in three-and-a-half years. Further, it said that firms experienced a sharp upturn in new business intakes, and scaled up production accordingly.
The survey said that cost pressur...
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