Manufacturing PMI eases but stays in expansion zone in December

The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) eased to 55.5 in December, from November's ten-month high of 57.6.

India's manufacturing sector activities moderated in December but output remained in the growth territory, amid slower rise in sales and new orders, even as business sentiment was dampened by concerns surrounding supply-chain disruptions, COVID-19 and inflationary pressures, a monthly survey said on Monday.

The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) eased to 55.5 in December, from November's ten-month high of 57.6.