Manufacturing activity growth holds steady in February

NEW DELHI: Activity in the country’s

manufacturing

held steady in February on the back of strong increases in new work intakes as firms lifted production, a survey showed on Monday.


Posting 57.5 in February, the IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) highlighted strong improvement in operating conditions, broadly similar to that recorded in January (57.7).

The headline figure remained above its long-run average of 53.6, the survey showed. The survey is compiled from responses to questionnaires sent to purchasing managers in a panel of around 400 manufacturers.