Readings above 50.4 in January.The Nikkei Manufacturing Purchasing Managers Index, compiled by IHS Markit, rose to 50.Inflation pressure supports the Reserve Bank of Indias surprise move last month to keep rates unchanged, and shift its policy stance to neutral from accommodative.”Indian manufacturers benefited from recovering demand and raised production volumes..0 percent in October-December from a year earlier.The PMIs suggest weaker private sector activity. However, with growth rates well below-par, the sector still has many areas to 2 person indoor jacuzzi tub develop before it can fire on all cylinders,” said Pollyanna De Lima, an economist at survey compiler IHS Markit. That was higher than every forecast in a Reuters poll of 30 economists.
That beat a Reuters poll median of 50.”Businesses dont yet seem convinced as to the sustainability of the rebound.7 in February from 50.New Delhi: Indian factory activity expanded for a second straight month in February, while an increase in raw material costs pushed firms to raise prices at the fastest rate in nearly three and a half years, a business survey showed on Wednesday.0 signal an expansion in activity.Government data published on Tuesday that showed Indias economy grew 7.3 and was the highest level since November.4 from Januarys 50. Still, they denoted higher demand – both domestic and foreign, prompting firms to increase production. The output prices sub-index in the latest survey rose to 53.7.A steep rise in commodity prices pushed companies to raise prices charged to consumers at the fastest pace since October 2013.”Prime Minister Narendra Modis government unexpectedly scrapped high-value notes in circulation in November, a move that left farmers, traders and companies who rely on cash transactions in a quandary.
MAVAW (ZHEJIANG) SMART