India's manufacturing sector growth has registered a further improvement in December, the month which saw the growth at a fastest pace in the last six months. An HSBC survey has said that output at the manufacturing companies in India rose during December driven by a strong pick up in new orders. The HSBC India Manufacturing Purchasing Managers' Index PMI – a measure of factory production stood at 54.7 in December. It was up from 53.7 in November, indicating a further improvement in the health of the Indian manufacturing sector.HSBC said that overall rate of growth was sharp and the fastest in six months in December with almost one-third of panelists indicating higher production for the period.The growth in new orders also hit a six-month high. New export orders too expanded at a solid pace.Meanwhile, the purchasing activity in the Indian manufacturing sector increased for the forty-fifth consecutive month in December.
News On AIR | January 2, 2013 1:11 PM
India's manufacturing sector grew in December: survey