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10:32 AM

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. 

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