India Manufacturing PMI Rises To 55.0 In May, Hits Three-Month High: HSBC PMI
New Delhi, June 1 -- India's manufacturing sector recorded stronger growth in May, supported by higher domestic demand, rising output and increased purchasing activity, according to the latest HSBC India Manufacturing Purchasing Managers' Index (PMI) by S&P Global. The seasonally adjusted manufacturing PMI rose to 55.0 in May from 54.7 in April and exceeded the earlier flash estimate of 54.3, indicating the strongest improvement in operating conditions in three months. Manufacturers reported faster growth in both new orders and production, driven largely by demand in the domestic market. Intermediate and capital goods producers recorded stronger expansions, while growth among consumer goods manufacturers moderated. Export Orders Expand De...
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