ENA Economy 2023-05-01 17:37:19 <p><span style="font-size:14px"><strong>New Delhi, May 1 (KNN) </strong>In 2023 so far, the month of April has witnessed the strongest growth in the manufacturing sector of India, per the seasonally adjusted S&amp;P Global India Manufacturing Purchasing Managers' Index (PMI).</span></p> <p><span style="font-size:14px">It was increased to 57.2 from 56.4 in March.</span></p> <p><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p><span style="font-size:14px">Overall business sentiment about output prospects a year ahead, improved from an eight-month low in March, as manufacturers gained confidence that volumes will be higher going forward.</span></p> <p><span style="font-size:14px">New orders placed with goods producers rose at the quickest pace since last December.</span></p> <p><span style="font-size:14px">April saw a reversal of trend as firms sought to expand capacities by taking on additional workers and stockpiling inputs after a fractional reduction in the workforce in March.</span></p> <p><span style="font-size:14px">However, while overall job creation was only slight , producers resorted to a record expansion in inventories of inputs in April. <em><strong>(KNN Bureau)</strong></em></span></p> 33182 https://knnindia.co.in/news/newsdetails/economy/indias-manufacturing-sector-records-strongest-growth-in-apr-sp-global-pmi 2023-05-01 17:37:19 knnindia.co.in