India's manufacturing activities see substantial rise in sales, output

India's manufacturing sector activities moderated in December but output remained in the growth territory, amid a slower rise in sales and new orders, even as business sentiment was dampened by concerns surrounding supply-chain disruptions, COVID-19, and inflationary pressures, a monthly survey said on Monday.
The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) eased to 55.5 in December, from November's ten-month high of 57.6. The December data pointed to a "substantial, albeit slower, rises in sales and output", the survey said, adding that the latest quarterly reading was at 56.3, its highest since the final quarter of the fiscal year 2020/21.