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.
Related UPI Stories
© 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.