Affected by the decline in sales and the decrease in new orders, India’s manufacturing expansion slowed down in December 2021.
Data released on the 3rd showed that India’s manufacturing industry in December last yearPurchasing Managers Index(SMEs) Slowed to 55.5 from 57.6 last month. Although it has slowed down, it is still in the expansion range. This is the sixth consecutive month that this data has been above 50.
IHS Markit Indian Market Chief Economist Delima pointed out that India’s manufacturing data for the last month of 2021 is encouraging, the Indian economy continues to recover, and the market opportunities that Indian manufacturing companies obtain from the domestic and international markets are increasing. .
Delima also pointed out that India’s manufacturing industry can continue to grow in 2022, but entrepreneurs’ investment confidence may be affected due to fears of panic caused by the epidemic, rising inflation pressures and disturbances in the international supply chain.
(Source: Xinhua Finance)
Article source: Xinhua Finance
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Original title:[Global Finance]India’s Manufacturing Purchasing Managers Index (PMI) fell to 55.5 in December 2021
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