Feb saw an 8-month high for global growth, with India seeing the largest increase.

According to S&P Global purchasing managers’ index (PMI) surveys based on data provided by more than 30,000 enterprises, global business activity rose at its greatest rate in eight months in February, rebounding further from the low set in late October. India’s economy continued to see the fastest growth among the world’s major economies. Moreover, growth accelerated in mainland China.
Both the United States and Europe demonstrated signs of recovering from slumps.
After slowing down in January, India’s output growth picked up steam again, becoming one of the country’s best expansions in the previous ten years. Manufacturing and services both had significant growth in the nation.
The service sector drove development, although the manufacturing sector’s return to growth also helped.found. The manufacturing industry announced the first increase in output in seven months, but with very little growth. Despite this, the factory expansion was the strongest since last June. According to a release from S&P Global, businesses highlighted lowered recession risks, a peaking of price pressures, stronger supply chains, and a reopening of the Chinese economy as factors that helped boost demand, particularly among consumers, and corporate confidence and hiring.
The global PMI, collected by S&P Global spanning more than 40 economies and supported by JPMorgan, increased to 52.1 from 49.7 in January, signalling the first increase in output in seven months and assisting in assuaging concerns about an impending global recession, according to a news release.
The increase was the biggest since last June and significant.found. The manufacturing industry announced the first increase in output in seven months, but with very little growth. Despite this, the factory expansion was the strongest since last June.
According to a release from S&P Global, businesses highlighted lowered recession risks, a peaking of price pressures, stronger supply chains, and a reopening of the Chinese economy as factors that helped boost demand, particularly among consumers, and corporate confidence and hiring.
The global PMI, collected by S&P Global spanning more than 40 economies and supported by JPMorgan, increased to 52.1 from 49.7 in January, signalling the first increase in output in seven months and assisting in assuaging concerns about an impending global recession, according to a news release.
The increase was the biggest since last June and significant.In the meantime, activity growth in Japan increased somewhat, with output increasing moderately for a second consecutive month. Despite continued severe declines in exports due to sanctions, Russia’s output increased, reaching a 20-month high.