January manufacturing PMI rises to 56.5, highest in 4 months
Thu, Feb 1, 2024 11:01 AM

January manufacturing PMI rises to 56.5, highest in 4 months

A Flip by Shubhangi Gupta
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Latest data shows India's manufacturing sector growth gained momentum in January, with the HSBC Purchasing Managers' Index reaching a four-month high of 56.5. This is slightly lower than the earlier estimated flash PMI, but still above the expansion threshold for the 31st consecutive month. The growth was driven by domestic demand and manufacturers were able to pass on higher costs to consumers.

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