Mfg growth hits 6-month high in Jan on export demand

RISING exports drove up the manufacturing sector activity in January, with the purchasing managers index (PMI) for the month surging to a six-month high of 57.7, which, though is marginally lower than the initial forecast of 58, shows a private survey.

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Another positive note is that job creation remained not just good but the highest in the past 20 years since when data collection started, HSBC said on Monday, adding another positive was falling input prices and better price realisation from output. The rate of expansion was the quickest si