Production expands at strongest rate in four months: HSBC Report
The Dollar Business Bureau India’s manufacturing PMI (Purchasing Manufacturing Index) is at a four-month high with a positive outlook for solid and quicker rise in incoming new work, said HSBC India Purchasing Managers’ Index. The upturn in the Indian manufacturing sector gathered pace in May, with levels of production and new orders rising at the fastest rates since the opening month of 2015. Meanwhile, a further increase in input costs was seen and, consequently, charges were raised following a decline seen in the preceding month. Up to a four-month high of 52.6 in May, from 51.3 in April, the seasonally adjusted HSBC India Purchasing Managers’ IndexTM (PMITM) signalled a further improvement in business conditions. Furthermore, gains were seen in all three monitored ...
