Business Standard

Monday, January 06, 2025 | 07:31 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

India's December manufacturing PMI growth eases

Image

IANS Mumbai

Despite strong demand along with lower input costs, the growth of India's manufacturing sector eased in December, key economic data showed on Wednesday.

According to the Nikkei India Manufacturing Purchasing Managers' Index (PMI), the composite indicator of manufacturing performance showed an index reading of 53.2 in December from 54 in November 2018.

An index reading of above 50 indicates an overall increase in economic activity, or growth, and below 50 an overall decrease.

--IANS

rv/prs

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 02 2019 | 6:34 PM IST

Explore News