NEW DELHI: India's manufacturing sector decelerated marginally in December as a slowdown in domestic order flows led to slower output growth, an HSBC survey said today.
The HSBC India Manufacturing Purchasing Managers' Index (PMI) - a measure of factory production - dropped slightly from 51.3 in November to 50.7 in December.
Despite a slight deceleration, the manufacturing sector activity expanded for the second consecutive month. A PMI reading of above 50 differentiates growth ..
The Indian manufacturing sector ended 2013 on an encouraging footing. Operating conditions improved for the second successive month in December, as both output and new orders increased, HSBC said.
Consequently, firms raised their workforce numbers further in December, the survey noted.
New orders placed at Indian manufacturers rose in December, albeit marginally. The higher levels of new work was largely driven by improved domestic and overseas demand.
A sector-wise an ..
The HSBC India Manufacturing Purchasing Managers' Index (PMI) - a measure of factory production - dropped slightly from 51.3 in November to 50.7 in December.
Despite a slight deceleration, the manufacturing sector activity expanded for the second consecutive month. A PMI reading of above 50 differentiates growth ..
The Indian manufacturing sector ended 2013 on an encouraging footing. Operating conditions improved for the second successive month in December, as both output and new orders increased, HSBC said.
Consequently, firms raised their workforce numbers further in December, the survey noted.
New orders placed at Indian manufacturers rose in December, albeit marginally. The higher levels of new work was largely driven by improved domestic and overseas demand.
A sector-wise an ..
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