The increase in new orders was the fastest since February 2021, owing to favourable demand conditions. The 400 respondents to the survey also indicated that advertising and new product releases were also a factor in rising new orders. The continuing uptick in manufacturing activity also lifted growth prospects. The index has averaged 57.9 in the first quarter of FY24.from Economy-News-Economic Times https://ift.tt/vgd3OpM
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