Robust manufacturing PMI fuels economic optimism

The HSBC Purchasing Managers’ Index (PMI) on Wednesday validated government optimism that the economy would start looking up from January. The index for manufacturing stood at 57.5 points in January, up from 54.2 in December, the highest since May 2011. It grew 6.08 per cent in January sequentially, the highest rise since April 2009.

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