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Manufacturing growth loses momentum

India's manufacturing growth remained unchanged in February after reduction in prices as new orders registered the strongest rise since September.

Policy Pulse
Publish Date: Mar 1 2016 2:53PM | Updated Date: Mar 1 2016 2:53PM

Manufacturing growth loses momentum

 India's manufacturing growth remained unchanged in February after reduction in prices as new orders registered the strongest rise since September.

 
The Nikkei purchasing managers’ index (PMI) survey showed manufacturing at 51.1 points in last month, unchanged from the January reading, but nevertheless showing pointing to a second successive monthly improvement in business conditions in the sector.