ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Nikkei PMI

India manufacturing sector saw stronger improvement in January

TOKYO - India's manufacturing sector saw a stronger improvement in January, boosting production in line with the fastest increase in order books for 13 months.

The Nikkei India Manufacturing Purchasing Managers Index, or PMI, was up to 53.9 in January from 53.2 in December. Readings above 50 point to expansion, while those below 50 indicate contraction.

Increases in new orders, output and stocks of purchases were seen in January, amid favorable economic conditions and strengthening demand. Employment also rose as firms adjusted capacities due to marked growth of new work.

"The manufacturing industry in January made up for ground lost at the end of 2018, with new business and production expanding at rates not seen for over a year," said Pollyanna De Lima, Principal Economist at IHS Markit and author of the report. "It was largely domestic orders that fueled the accelerations as, although export sales continued to increase, trade growth lost momentum for the second month in a row."

For more information, visit here.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends January 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media