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India factory activity expands at a slightly faster pace in February

Reuters  |  BENGALURU 

BENGALURU (Reuters) - Indian factory activity expanded for a second straight month in February, while an increase in raw material costs pushed firms to raise prices at the fastest rate in nearly three and a half years, a business survey showed on Wednesday.The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, rose to 50.7 in February from 50.4 in January. That beat a Reuters poll median of 50.3 and was the highest level since November.Readings above 50.0 signal an expansion in activity."Indian manufacturers benefited from recovering demand and raised production ...

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First Published: Wed, March 01 2017. 10:40 IST
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