Manufacturing output grows fast, output prices don’t1 min read . Updated: 03 Feb 2015, 01:58 AM IST
While manufacturing output has been growing smartly every month, output prices haven't been rising as fast
While manufacturing output has been growing smartly every month, output prices haven’t been rising as fast, indicating that manufacturers have little pricing power. The chart shows the output sub-index of the manufacturing Purchasing Managers’ Index (PMI), together with the output price sub-index. For the Reserve Bank of India’s (RBI’s) purposes, the numbers show that core inflation is well within control, at least in the manufacturing sector.