Manufacturing growth slips to 5-month low in Feb on slowing orders

Manufacturing growth slips to 5-month low in Feb on slowing orders, Manufacturing growth slipped to a five-month low in February as the pace of order-flows slowed and companies also reduced their workforce numbers during the month, says an HSBC report.

The headline HSBC India Purchasing Managers' Index (PMI) - a composite gauge designed to give a single-figure snapshot of manufacturing business conditions - fell from 52.9 in the previous month to a five-month low of 51.2 in February....Read More