India’s purchasing managers’ index (PMI) declined to a 4-month low at 55.3 in February owing to a rise in input costs, according to the S&P Global India Manufacturing PMI report. In January, the manufacturing PMI stood at 55.4. The headline figure, however, remained above its long-run average of 53.7. A reading above 50 indicates an overall increase in output compared to the previous month.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
It is an index of the prevailing direction of economic trends in the manufacturing and service sectors. It is an economic indicator, which is derived after monthly surveys of different companies.
There are two types of PMI — Manufacturing PMI and Services PMI. A combined index is also made using both manufacturing PMI and services PMI.
India set to host two day BRICS National Security Advisers (NSA) Meeting on 22nd and…
The Indian Air Force (IAF) has decided to acquire the nine retired SEPECAT Jaguar fighter…
India's teenage sensation and young prodigy Vaibhav Sooryavanshi smashed the fastest half century ever recorded…
The Indian women’s hockey team scripted the history after defeating the New Zealand 2-0 in…
The first budget of the newly elected BJP government in the State of West Bengal…
United Kingdom Keir Starmer resigned from the post of the Prime Minster. Just after the…