HSBC India Manufacturing Purchasing Managers' Index (PMI) is up to 54.2 percent from 51.0 in November.Which means that indian manufacturing activity has surged and it is a positive sign for investors.This rise is sharpest in past six months,thanks to the growing demand from business houses.In december month more people were employed in manufactoring sector.
This increase in factory activity is led by the high demand from both international and domestic customers.On the other hand Chinese manufacturing activity is slowing down,HSBC (HSBC) had reported that in December month China Purchasing Managers Index (PMI) hit 48.7, which is due to the impact of declining orders.