India's factory output hits 4-month high in Jan
Indian factory output growth rose to a four-month high in January with the Nikkei Manufacturing Purchasing Managers' Index (PMI) reaching 51.1 from a 28-month low of 49.1 in December. The 50-mark demarcates expansion from contraction. Analysts have attributed the recovery to a stronger domestic and overseas demand, with export orders sub-index also reaching a five-month high of 52.5 from 51.5.