PRIVATE sector output grew at the fastest pace in four months, helping the economy end 2024 on a positive note boosted by strong demand from services and manufacturing sectors leading to record jobs creation.
As per a private survey, the flash PMI rose to 60.7 in December, which matches the reading in August after falling to 58.6 in November.
The good news is a relief for the economy which had slumped to a seven-quarter low of 5.4% in the September quarter. The falling inflation is expected to spur demand among private sector companies.
This story is from the December 17, 2024 edition of The New Indian Express Tirupati.
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This story is from the December 17, 2024 edition of The New Indian Express Tirupati.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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