Pvt Sector Growth Surges To 4-Mth High In Dec

New Delhi: India’s private sector output growth strengthened to its highest level in four months during December, according to the latest HSBC ‘flash’ PMI data compiled by S&P Global.

The acceleration was reflected in both the manufacturing and service sectors, as companies across the two segments welcomed a faster upturn in new business intakes, the report said.

Ines Lam, Economist at HSBC, said: “The rise in the headline manufacturing PMI in December was mainly driven by gains in current production, new orders and employment.”