The HSBC manufacturing purchasing managers' index (PMI), compiled by Markit, jumped to 57.5 from 54.2 in December. This shows the renewed activity in manufacturing sector. This is the highest in last 8 Months .The momentum in the Manufacturing sector is increased due to increase in order from Domestic and Export sector. But it is yet to be seen whether such positive mood is sustainable or not. RBI which has given pause in interest rate has not yet shown its comfort to start decreasing the interest rate. Both RBI and Government are concerned about the lower Growth rate and they will definitely try to decrease the interest rate to boost the Industrial sector. But all depends upon the inflation rate data of Jan & Feb 2012.
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