India’s manufacturing sector continued its expansion in February, as indicated by the HSBC Purchasing Managers’ Index (PMI) reaching 56.9, marking its highest level in five months. This data, released on March 1st, surpassed the initial estimate of 56.7 announced on February 22nd.
Consistent Expansion: The February manufacturing PMI of 56.9 extends the sector’s expansion streak for the 32nd consecutive month, remaining above the critical threshold of 50, which separates growth from contraction.
Trend Analysis: In comparison to the previous quarters, the manufacturing PMI averaged at 57.9 in July-September 2023 and 55.5 in the subsequent quarter. The first two months of 2024 have shown a consistent average of 56.7, indicating a stable performance.
Exams such as SSC, Banking, Railways, and state-level tests offer paths to prestigious positions in…
Mysore, a city in the southern state of Karnataka, India, is famous for its rich…
The upcoming Champions Trophy 2025 marks the ninth edition of the ICC Champions Trophy, featuring…
The 2025 ICC Champions Trophy is set to mark the ninth edition of this prestigious…
India's nuclear program focuses on using nuclear energy for peaceful purposes, like producing electricity and…
Uttar Pradesh, located in northern India, is the country's most populous state. Known for its…