Economy India's February manufacturing activity hits 14-month high as sales, output, employment accelerate Updated : March 01, 2019 11:40 AM IST This is the 19th consecutive month that the manufacturing PMI remained above the 50-point mark. The February data reflected strongest improvement in business conditions since December 2017. The signs of easing inflationary pressures indicate that the Reserve Bank of India (RBI) is likely to adopt an accommodative monetary policy stance. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.