facebook
twitter
rss
account
search
search
 

Goods production growth slows in India

April 1, 2013 at 10:15 AM   |   Comments

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.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
GM recalls 221,000 Cadillacs and Impalas GM recalls 221,000 Cadillacs and Impalas
2
New National Security Cutter delivered to Coast Guard New National Security Cutter delivered to Coast Guard
3
First MT30 engine for Korean Navy frigates passes acceptance tests First MT30 engine for Korean Navy frigates passes acceptance tests
4
Ukraine's State Guard Service receives armored personnel carriers Ukraine's State Guard Service receives armored personnel carriers
5
Navy's Triton surveillance drone flies cross-country Navy's Triton surveillance drone flies cross-country
Trending News
Video
x
Feedback