India, March 3 -- India's manufacturing sector activity growth jumped to a four-month high of 56.9 in February, supported by substantial improvement in domestic demand even as growth in new export orders witnessed a decline, a monthly survey said on Monday.
The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) rose from 55.4 in January to a four-month high of 56.9 in February.In the PMI parlance, a print above 50 means expansion, while a score below 50 denotes contraction."India's final manufacturing PMI reflected an acceleration in manufacturing activity in February. Output expanded at a faster rate for a second month, supported by stronger domestic orders," Pranjul Bhandari, Chief India Economist at HSBC, sa...
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