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Last Updated : Jan 02, 2018 02:05 PM IST | Source: CNBC-TV18

India Nikkei manufacturing PMI figure for December is a robust one: Kotak Mah Bank

December number for manufacturing Purchasing Manager’s Index (PMI) has come in at around 54.7 versus 52.6 month on month (MoM). In an interview with CNBC-TV18, Upasna Bhardwaj, Economist at Kotak Mahindra Bank decoded these numbers.

CNBC TV18 @moneycontrolcom

December number for India Nikkei manufacturing Purchasing Manager’s Index (PMI) has come in at around 54.7 versus 52.6 month-on-month (MoM).

In an interview with CNBC-TV18, Upasna Bhardwaj, Economist at Kotak Mahindra Bank decoded these numbers.

The recent number is a very robust number, she said.

We are seeing a lot of recovery happening and exports order book seems to be building up a little. This is in line with most of the other positive, high-frequency data that is suggesting a cyclical recovery, she added.

Till H1 calendar year, we would still like to reserve our call on the rate hike. We should remain watchful of all the developments around, said Bhardwaj.

The next quarter should be far better than this quarter. As of now we are looking for the annual estimate to be closer to 6.5 percent, she further mentioned.

For full interview, watch accompanying video...
First Published on Jan 2, 2018 02:05 pm

tags #Economy

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