Tag: (PMI)

Current Trends in Indian Economy

Current Trends in Indian Economy Manufacturing ends 2022 on a high note As per the S&P Global India Manufacturing Purchasing Managers’ Index (PMI), India’s manufacturing sector recorded its sharpest increase in output in 13 months in December 2022, with new orders rising at the fastest pace since February 2021. However the selling prices surged more than input costs for the first time in two and half years. The seasonally adjusted PMI reading for December 2022 rose to 57.8 from 55.7 in November, reflecting ‘a robust improvement in the health of the sector that was the best seen since October 2020’. For the October to December quarter, the PMI averaged 56.3, the highest in a year. Note The Purchasing Managers' Index (PMI) is an index of the prevailing direction of economic trends in the manufacturing and service sectors. PMI focuses mainly on the five major Survey Areas: Employment New orders Production Inventory levels Supplier deliveries