January factory activity hits 3-month high, job cuts subside
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Last Updated: Feb 01, 2021, 11:27 AM IST
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The Nikkei Manufacturing Purchasing Managers Index , compiled by IHS Markit, rose to 57.7 in January from December s 56.4, above the 50-level separating growth from contraction for the sixth straight month.
Agencies
Firms reduced headcount for the tenth month in a row, although the rate of job cuts was the weakest in the current 10-month contraction.
India s manufacturing sector activity strengthened in January as companies scaled up production at the quickest pace in three months in response to faster expansions in total sales and new export orders, a monthly survey said on Monday.
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