India's factory activity growth accelerated further in February to a 4-month high, driven by a substantial improvement in domestic demand, survey data from S&P Global showed on Monday.
The HSBC manufacturing Purchasing Managers' Index rose to 56.9 in February from 55.4 in January. A score above 50 indicates expansion in the sector.
New orders continued to increase in February on the back of demand buoyancy, marketing initiatives, and rising client requirements. On a similar track, output grew at the quickest rate in four months, collectively boosted by efficiency improvements, healthy underlying demand, rising intakes of new work, and tech investment. Meanwhile, the growth in new export orders eased to a 17-month low.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.