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Factory Activity Growth Hits 6-Month High in Jan
Hindustan Times West UP
|February 04, 2025
India's factory activity started 2025 on a positive note, growing at the quickest pace in six months in January, largely buoyed by resilient demand and strong output, a private survey showed on Monday, encouraging firms to hire at a record rate.
BENGALURU:
That could bring a sigh of relief for Asia's third-largest economy, which has seen a slowdown in growth over the past few quarters as consumption remains weak.
The HSBC final India Manufacturing Purchasing Managers' Index, compiled by S&P Global, rose to 57.7 last month from December's 12-month low of 56.4. It was a tad below an early estimate that showed a rise to 58.0.
The index has been above the 50-mark separating expansion from contraction since July 2021.
Cette histoire est tirée de l'édition February 04, 2025 de Hindustan Times West UP.
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