SBI mfg index inches up to 53.1% in December

Manufacturing activity showed moderate growth with annual SBI Composite Index rising to 53.1 in December compared to 53 in the previous month.
 

The SBI Composite Index has mainly two indices — SBI Monthly Composite Index and SBI Yearly Composite Index.

The month-on-month index declined to 50.6, showing low growth in the month compared to 51.2 in November. This indicates a possible slowdown in IIP growth in the next couple of months.

“We, however, believe even though the momentum may have slowed down the outlook for some of the sectors appears largely positive,” SBI Research said on Tuesday.
 

One such sector is the