Mumbai: Despite strong demand along with lower input costs, the growth of India’s manufacturing sector eased in December, key economic data showed on Wednesday. According to the Nikkei India Manufacturing Purchasing Managers’ Index (PMI), the composite indicator of manufacturing performance showed an index reading of 53.2 in December from 54[Read More…]
Tag: PMI
Weak demand, inflationary pressure ease India’s September services output growth: PMI
Mumbai: Weak demand conditions along with a rise in inflationary pressures eased growth of India’s service sector output during September, a macro-economic data showed on Thursday. Accordingly, the seasonally adjusted Nikkei India Services Business Activity Index declined to 50.9 in September from 51.5 in August. An index reading of above[Read More…]