India’s manufacturing activity accelerated to a four-month high in February, driven by strong domestic demand, even as growth in new export orders moderated, according to a monthly survey released on Monday.

The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) rose to 56.9 in February from 55.4 in January.

In PMI terms, a reading above 50 indicates expansion in activity, while a figure below 50 signals contraction.