India's manufacturing PMI hits four-month high in April
1 year, 7 months ago

India's manufacturing PMI hits four-month high in April

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Manufacturing activities in India touched a four-month high in April, through robust new business growth, mild price pressures, better international sales, and improving supply-chain conditions, according to a monthly survey. Companies also benefitted from relatively mild price pressures, better international sales, and improving supply-chain conditions,” Pollyanna De Lima, Economics Associate Director at S&P Global Market Intelligence, said. Looking ahead, Indian manufacturers were confident that production volumes would be higher in 12 months’ time, amid demand resilience, client enquiries, orders pending approval and marketing efforts. “Manufacturers are certainly upbeat towards growth prospects, with optimism improving from March’s eight-month low on the back of contracts pending approval, rising client enquiries, marketing initiatives, and evidence of demand resilience,” Lima said.

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