Monday, March 03, 2025 | 12:15 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Strong demand pushes India's April manufacturing sector growth

Image

IANS Mumbai

Strong demand accelerated India's manufacturing sector growth in April 2018, the Nikkei India Manufacturing Purchasing Managers' Index (PMI) showed on Wednesday.

The composite indicator of manufacturing performance increased to 51.6 in April 2018 from 51 in March.

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

According to the PMI, faster expansions in output and new orders led to a higher reading for April.

Commenting on the PMI data, Aashna Dodhia, Economist at IHS Markit and the author of the report, said: "The Indian manufacturing economy started the quarter on a slightly stronger footing as growth picked-up from March's five-month low, buoyed by stronger demand conditions.

 

"Putting the PMI data under a magnifying glass, consumer goods was again the bright spot, with output growth being the fastest among all the three market groups. Meanwhile, investment goods was the weakest performing category as both production and new orders declined during April."

--IANS

rv/ksk/mr

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: May 02 2018 | 2:28 PM IST

Explore News