India's mfg activities expand in Feb as output, new orders rise: PMI

Firms responded to strong increases in new work intakes by lifting production, input buying and stocks of purchases, the survey said

India's manufacturing sector activities expanded in February as output and new orders grew at accelerated rates, supported by favourable demand conditions, a monthly survey said on Wednesday.

The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) was at 54.9 in February, up from 54.0 in January, signalling a stronger improvement in the sector's health.

The February PMI data pointed to an improvement in overall operating conditions for the eighth straight month. In PMI parlance, a print above 50 means expansion, while a score below 50 denotes contraction.

Sustained sales growth supported the upturn in manufacturing sector output in February. Moreover, firms