Manufacturing PMI slides to 14-month low in Feb as production plummets

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Manufacturing PMI slides to 14-month low in Feb as production plummets - Business Standard

Quick Summary:

On the export front, new export orders rose strongly in February as manufacturers continued to capitalise on robust global demand for their goods.

Qualitative data indicated that firms passed on higher labour costs to clients, supported by favourable demand conditions,” the survey concluded.

Manufacturers continued to expand their workforce in February, extending the current period of employment growth to a year.“The rate of job creation was the second-best in the series’ history, behind only that recorded in January.