ALERT :: India Manufacturing PMI hits 16-year high of 59.1 in March
>> The HSBC India PMI climbed to a 16-year high on the back of the strongest increases in output and new orders since October 2020, parallel to the second-sharpest upturn in input inventories in the history of the survey.
>> The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index™ (PMI) climbed to a 16-year high of 59.1 in March, from 56.9 in February.
>> The notable improvement in operating conditions reflected stronger growth of new orders, output and input stocks as well as renewed job creation.
>> Manufacturing output rose for the thirty-third month running in March, and to the greatest extent since October 2020.
