Strongest Growth In December

The overall upturn in the manufacturing industry was supported by the sharpest increase in output and new orders since December 2012 and October 2016 respectively.

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The Indian manufacturing sector ended the year on a strong note, with operating conditions improving at the strongest rate in five years. The overall upturn was supported by the sharpest increase in output and new orders since December 2012 and October 2016 respectively.

In response to greater inflows of new business, job creation quickened to the greatest since August 2012. On the price front, input cost inflation accelerated to the strongest since April and was marked overall. Subsequently, firms raised their average selling prices at the fastest pace since February.