Manufacturing activity remains robust in December on new orders – Times of India

Manufacturing activity remains robust in December on new orders - Times of India

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NEW DELHI: Manufacturing activity in the country remained robust in December on the back of new orders despite moderating from the 10-month high outcome in November, a survey showed on Monday.
At 55.5 in December, the IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) pointed to a strong improvement in overall operating conditions. This was despite the headline figure slipping from November’s 10-month high of 57.6. The latest quarterly reading was at 56.3, its highest since the final quarter of fiscal year 2020-21, the survey showed. The 50-point mark separates expansion from contraction. The survey is compiled by IHS Markit from responses to questionnaires sent to purchasing managers in a panel of around 400 manufacturers.
Amid reports of strong demand conditions, fruitful marketing and new client wins, manufacturers observed a further increase in new orders during December. The upturn was sharp, despite being the slowest since September. Similarly, production rose at a sharp pace that was nevertheless the weakest in three months, the survey results showed. International demand for Indian goods continued to improve in December. New export orders rose for the sixth month in succession, albeit only slightly.



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