Goods production growth slows in India

April 1, 2013 at 10:15 AM

NEW DELHI, April 1 (UPI) -- Manufacturing in India slowed in March but showed continued growth, a report from an economic research firm said.

The HSBC Markit Economics manufacturing report said the headline index for India's goods-producing firms came in at 52 in March, down from 54.2 in February.

Figures above 50 indicate business growth.

Growth in new business orders accelerated in March, "however, the PMI [purchasing managers' index] was down to the lowest level in 16 months," Markit said.

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