News > India's manufacturing PMI moderates in January amid slower increase in total sales
India's manufacturing PMI moderates in January amid slower increase in total sales
The Hindu | 01/02/2023 02:49 PM | Click to read full article
India's manufacturing sector activity moderated in January amid a slower increase in total sales, and headcounts were broadly unchanged amid sufficient staff numbers to cope with current requirements, according to a monthly survey. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) fell from December's recent high of 57.8 to 55.4 in January, as factory orders and production rose at sharp, albeit slower, rate.