That bolstered the view for the coming 12 months with optimism among manufacturers at the highest since December 2022
New orders placed with Indian goods producers rose at a sharp pace in January and were the strongest in four months
The export index may have been affected by the Lunar New Year which will fall on Feb. 10 this year, as factories and workers geared up for the pre-holiday shipment of goods
That put the index above the 50-mark that separates expansion from contraction for the 30th consecutive month
Despite the decline, the December figure marked 30 months of the index remaining above 50. A survey print above 50 indicates manufacturing expansion, and below that, contraction
The survey also notes that there was a substantial increase in the overall levels of new work received by Indian goods producers in November
According to the survey, growth eased in October due to competitive pressures despite an increase in new orders
The hiring activity and business confidence slipped to a five-month low in October, said S&P Global
The fall in PMI was primarily attributed to a softening in the number of new orders
'Sharp expansion' in international sales show companies' focus on international business, says survey
This marked a sustained expansion, with 26 months above the 50-mark separating growth from contraction, the longest stretch since March 2020 when pandemic-induced lockdowns were imposed
Manufacturers' output has increased continuously on a monthly basis since July 2021
Combined with manufacturing, output prices across the private sector increased at the sharpest pace in over a decade
'Client interest' continues to support industry and helping growth of output and employment, it says
According to S&P Global, the overall level of business confidence rose to a six-month high in June
Closing Bell on July 3, 2023: The S&P BSE Sensex settled at a fresh closing high of 65,205, soaring 486 points. The broader Nifty50, meanwhile, zoomed 141 points to 19,330
Business conditions in China's manufacturing industry, the largest in the world, improved in May, according to the Caixin manufacturing Purchasing Managers' Index
Last month's data points to 23-month rise in factory orders straight: Survey
Producers have 'abundant opportunities to keep powering ahead': S&P survey
The survey noted that the February data pointed to a consecutive twenty-month rise in manufacturing production