New Delhi, March 3 -- India's manufacturing growth fell in February after rising to a six-month high in January, as sales and output growth rates retreated to a 14-month low, a private survey released on Monday said.
The HSBC India Manufacturing Purchasing Managers Index (PMI), compiled by S&P Global, fell to 56.3 in February from 57.7 in January. It was 56.4 in December and 56.5 in November.
A PMI reading above 50 indicates an expansion, and below that indicates a contraction. The February PMI number was based on responses from 400 manufacturers.
The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) is still indicative of a further robust improvement in the health of the sector, the survey said.
"Business ...
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