APRIL FLASH PMI INDICATES ACCELERATED GROWTH IN ECONOMIC OUTPUT.
Why in the news?
April Flash PMI indicates rapid economic growth, with manufacturing and services sectors at highest levels in 14 years.
source:eduprep
About the April Flash PMI Indicates Acceleration in Economic Output:
- Combined output from India’s manufacturing and services sectors is projected to have grown at the quickest pace in nearly 14 years in April, as per the HSBC Flash Purchasing Managers’ Index (PMI).
- Services activity likely surged to a three-month high, driven by a notable increase in new orders, particularly in the international market.
- Manufacturing sector’s Flash PMI remained steady at 59.1, while services PMI rose from 61.2 in March to 61.7 in April, indicating sustained growth momentum.
What is Purchasing Managers Index (PMI) ?
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