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India's manufacturing sector saw slight January recovery, with output and domestic demand rising, but business confidence fell and input costs surged.
India's manufacturing sector showed a slight recovery in January, with the HSBC PMI rising to 55.4 from December's two-year low of 55.0, signaling continued expansion since July 2021.
Output and new domestic orders improved, indicating stronger local demand, while export orders rose marginally, reflecting weak international demand.
Hiring increased to a three-month high but remained modest.
Business confidence fell to its lowest level in over three years, with only 15% of firms expecting higher output next year.
Input costs rose at the fastest pace in four months due to higher prices for raw materials and transport, but output price inflation slowed to its lowest level in nearly two years, suggesting limited pricing power.
El sector manufacturero de la India experimentó una ligera recuperación en enero, con un aumento de la producción y la demanda interna, pero la confianza empresarial cayó y los costos de los insumos aumentaron.