For the twentieth consecutive month, the operating environment has improved according to the February PMI statistics. In terms of the PMI, a print above 50 denotes expansion and a print below 50 denotes contraction.
The poll, which was released on Wednesday, found that India’s manufacturing sector has maintained strong growth in output and new orders halfway through the final fiscal quarter, despite a noticeable slowdown in the rate of international sales expansion.
Source: Rediff.com
Businesses indicated little internal operating pressure.owing to a slight increase in unfinished business in February, the number of jobs grew only slightly. According to the study, 98% of panelists said their jobs remained the same. According to Pollyanna De Lima, Economics Associate Director at S&P Global Market Intelligence, enterprises apparently had enough workers to meet existing requirements, so job growth failed to acquire significantly pace.
Source: Study IQ IAS
The primary driver of new business growth was the domestic market, as new orders from other countries only slightly grew. The current 11-month expansion period has seen the weakest increase in overseas sales.
The majority of the increase in new orders that businesses were happy to see came from domestic sources, Lima added, as international sales increased at the weakest rate in nearly a year.
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