Indian manufacturing sector grew at slower rate in December
Jan 3rd, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The seasonally adjusted HSBC Purchasing Managers’ Index (PMI) – - a headline index designed to measure the overall health of the Indian manufacturing sector – - posted 56.7 in December, marginally lower than November’s 58.4. The latest reading pointed to a marked improvement of business conditions in the Indian manufacturing sector. While the rate of growth slowed, it remained above the long-run series average.