In response to these rising costs and to protect margins, manufacturers raised selling prices in December. According to the PMI survey, selling prices increased at a pace that outstripped cost burdens and was significantly higher than the near 20-year series average. "Anecdotal evidence showed that demand resilience supported pricing power," the PMI report noted. But this demand resilience will be put to test sooner than later as downside risks linger with muted urban consumption being a sticky issue.
This story is from the January 03, 2025 edition of Mint Kolkata.
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This story is from the January 03, 2025 edition of Mint Kolkata.
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