Factory output improves for fourth straight month in April, says PMI Survey

Manufacturing PMI unchanged at 52.5, same as previous month

Factory activities continued to see an improvement, maintaining growth in April on the back of robust new orders even as the rate of growth remained unchanged, shows the widely tracked Nikkei purchasing managers’ index (PMI) survey.

April PMI stood at 52.5, same as March. The 50-point mark separates expansion from contraction, indicating the health of the sector improved to a greater extent, the survey said. The December figure of 49.6 showed the beating due to demonetisation, contracting for the first time in 11 months.

Manufacturing sector had grown at its fastest pace in five months in March, marking the third