Festive spirit does little to revive animal spirits in India
6 years, 1 month ago

Festive spirit does little to revive animal spirits in India

Live Mint  

Mumbai: A banking liquidity crunch and weak business sentiment before state elections this year outweighed signs of a revival in consumer demand during India’s main festival season, keeping the outlook for the world’s fastest-growing major economy muted. An overall activity indicator measuring animal spirits—a term coined by British economist John Maynard Keynes to refer to investors’ confidence in taking action—was unchanged in October despite a slew of data from two-wheeler vehicle sales to consumer demand showing an improvement from the previous month. Business sentiment is flagging though, with confidence among services firms dropping to a 20-month low in October, according to an IHS Markit report based on the purchasing managers’ survey. Exports Exports grew 17.9 percent in October from a year ago, rebounding from a 2.1 percent decline in the previous month, with a weaker rupee making shipments competitive.

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History of this topic

The week in charts: GDP estimate, Nadella’s plan, ₹100 crore homes
4 days, 6 hours ago

The week in charts: GDP estimate, Nadella’s plan, ₹100 crore homes

Live Mint  

The first advance estimates released on Tuesday forecast India's growth at 6.4%, the slowest in four years. Services dominance India’s services exports surpassed goods exports, reaching $35.7 billion—about $3 billion more than goods--in November 2024, preliminary data showed. India’s share in global services exports has steadily grown, reaching 4.2% by 2023, while its share in goods exports has remained flat …

India's services sector ended 2024 on a strong footing, PMI shows
Trending News
1 week, 2 days ago

India's services sector ended 2024 on a strong footing, PMI shows

Deccan Chronicle  

India's dominant services sector ended 2024 on a high note as sustained demand boosted activity to a four-month high and led to strong hiring in December, while inflationary pressures eased, a survey showed.The HSBC final India Services Purchasing Managers' Index, compiled by S&P Global, rose to 59.3 in December from 58.4 in November, its highest since August but lower than …

India's manufacturing activity grew at its weakest pace in 2024
1 week, 5 days ago

India's manufacturing activity grew at its weakest pace in 2024

Deccan Chronicle  

New Delhi: Despite easing cost pressures and strong job growth, India's manufacturing activity grew at its weakest pace for the year 2024, falling to a 12-month low in December this year as new business orders and production expanded at softer rates. “The ongoing improvements in new work intakes prompted manufacturing companies in India to purchase additional inputs for use in …

India’s factory output at 12-month low, December second month of declining activity in a row
Trending News
1 week, 5 days ago

India’s factory output at 12-month low, December second month of declining activity in a row

Firstpost  

India’s Manufacturing Purchasing Managers’ Index fell to 56.4, down from 56.5 in November. Source: Reuters India’s manufacturing activity logged its weakest growth of 2024 in December with the Manufacturing Purchasing Managers’ Index, or PMI, declining to a 12-month low of 56.4, down from 56.5 in November. The HSBC India Manufacturing Purchasing Managers’ Index averaged over 57.5 in 2024, compared with …

India’s manufacturing sector showed robust job creation, December PMI at 56.4
1 week, 6 days ago

India’s manufacturing sector showed robust job creation, December PMI at 56.4

Live Mint  

New Delhi, January 2 : India's manufacturing sector showcased continued resilience in December 2024, with employment rising for the tenth consecutive month and reaching its fastest pace of job creation in four months, according to HSBC India Manufacturing Purchasing Managers' Index. India's manufacturing sector ended 2024 on a softer note as the PMI for December fell to 56.4, marking the …

India’s Services Exports Hit Historic High In Oct, Find Out Why
2 weeks, 2 days ago

India’s Services Exports Hit Historic High In Oct, Find Out Why

ABP News  

India’s services exports reached a historic high of $34.31 billion in October, a commerce ministry official revealed. The official further noted that India has made a name for itself as a global leader in digitally delivered services exports, backed by its strong IT sector and skilled workforce, reported PTI. In the last two decades, India grew from $30 billion in …

Services led exports are a mixed blessing for the Indian economy
3 weeks, 6 days ago

Services led exports are a mixed blessing for the Indian economy

Live Mint  

If every cloud has a silver lining, the glow around India’s data that shows November’s trade deficit at a record high of $37.9 billion is the remarkable performance of service exports. In a scenario where US President-elect Donald Trump has threatened to slap “reciprocal" tariffs on India, this strong showing of service exports and declining reliance on the export of …

India's economy ends 2024 with solid momentum as business growth hits 4-month high, PMI shows
4 weeks, 2 days ago

India's economy ends 2024 with solid momentum as business growth hits 4-month high, PMI shows

The Hindu  

India's private sector output grew at the fastest pace in four months, preliminary readings from a survey showed, helping the economy end 2024 on a positive note underpinned by sturdier demand in services and manufacturing and record jobs growth. Asia's third-largest economy grew a softer 5.4% last quarter, but easing inflation is expected to spur demand among private sector firms, …

India’s services sector growth falls marginally in November
1 month, 1 week ago

India’s services sector growth falls marginally in November

Live Mint  

New Delhi: India’s services sector growth fell slightly in November from the previous month, owing to a drop in growth of new orders and output, a survey released on Wednesday showed. The HSBC India Services Purchasing Managers’ Index, compiled by S&P Global, fell to 58.4 in November from 58.5 in October, but was higher than the 57.7 figure reported in …

Manufacturing PMI falls to 56.5 in November
1 month, 1 week ago

Manufacturing PMI falls to 56.5 in November

Hindustan Times  

NEW DELHI India’s manufacturing activity, as measured by the HSBC India Manufacturing Purchasing Managers’ Index, came at 56.5 in November, lower than the 57.5 reading in October and the flash PMI reading of 57.3, according to a release by S&P Global on Monday. Manufacturing PMI falls to 56.5 in November To be sure, the reading remained above its long-run average …

India's Manufacturing PMI Slips to 56.5 in November
1 month, 1 week ago

India's Manufacturing PMI Slips to 56.5 in November

Deccan Chronicle  

New Delhi: Amid a softer increase in factory orders, India's manufacturing activities slowed in November due to inflationary pressures, yet maintained a strong pace. Restricted by fierce competition as well as the price pressures, growth in India's manufacturing sector slipped to 56.5 in November. However, the final data came in significantly below these estimates.Commenting on the survey, Pranjul Bhandari, chief …

PMI: Consumption fatigue hits manufacturers
1 month, 1 week ago

PMI: Consumption fatigue hits manufacturers

Live Mint  

Manufacturing activity has slowed amid worries that India’s consumption story is fizzling out. India Inc’s Q2FY25 results also mirrored this pain, with corporates pointing out stress in urban consumption due to weak real incomes and rural demand yet to recover. The Q2 manufacturing weakness is unlikely to reverse fully in H2FY25 amid increased global uncertainty, said a Standard Chartered Global …

Flash PMI signals India’s private sector activity at three-month high in November
1 month, 3 weeks ago

Flash PMI signals India’s private sector activity at three-month high in November

The Hindu  

Activity levels across India’s private sector are seeing a modest uptick this month, even as cost pressures have surged to a 16-month high for both services and manufacturing players, compelling them to raise prices charged to customers at a pace not seen since February 2013, as per the HSBC Flash India Purchasing Managers’ Index. The Flash PMI is an early …

Pharma, electronics and engineering goods among India’s top exports during Apr-Oct
1 month, 3 weeks ago

Pharma, electronics and engineering goods among India’s top exports during Apr-Oct

Live Mint  

New Delhi: India's merchandise exports continued their upward trajectory during April-October, with 21 of the top 30 sectors registering growth in value terms, buoyed by rising global demand for Indian goods. Growth in key sectors like pharmaceuticals, electronics, and engineering goods contributed to the overall gains, while a sharp decline was reported in traditionally strong sectors—petroleum and gems and jewellery—amid …

Merchandise exports surge amid focus on key markets, countries
Trending News
2 months ago

Merchandise exports surge amid focus on key markets, countries

Hindustan Times  

India’s merchandise exports registered 17.25% growth to $39.20 billion in October over the same month last year, with non-petroleum exports aggregating a record $211.34 billion in the first seven months of current financial year despite global headwinds, commerce secretary Sunil Barthwal said, crediting a concerted policy push and Christmas demand for the growth. India’s services exports in October 2024 is …

Wholesale passenger vehicle sales grow marginally in October despite festival demand
2 months ago

Wholesale passenger vehicle sales grow marginally in October despite festival demand

Live Mint  

Mumbai: India’s wholesale passenger vehicle sales grew marginally year-on-year to 3.93 lakh units in October despite two major festivals celebrated during the month. According to data released by the Society of Indian Automobile Manufacturers on Wednesday passenger vehicle sales grew 0.9% in October 2024, compared to the same period last year. Passenger vehicle sales grew 10% sequentially from the 3.57 …

Merchandise exports set for modest rebound, to hit $107.5 billion in Q3: India Exim Bank
2 months ago

Merchandise exports set for modest rebound, to hit $107.5 billion in Q3: India Exim Bank

Live Mint  

India's merchandise exports are likely to rise 1.85% year-on-year to $107.5 billion in the third quarter of FY25, according to India Exim Bank. Exim Bank has projected non-oil exports at $91.7 billion, marking a year-on-year growth of 7.39%. Read this | RITES sets sights on Africa for export of refurbished and underutilized railway diesel locos This anticipated growth signals a …

Retail inflation hits 14-month high, rises to 6.21 per cent in October
2 months ago

Retail inflation hits 14-month high, rises to 6.21 per cent in October

India TV News  

India’s retail inflation surged to a 14-month high of 6.21% in October, exceeding the Reserve Bank of India’s target range. India’s Index of Industrial Production showed a positive shift, expanding by 3.1% in September compared to a 0.1% contraction in August. According to data from the Ministry of Statistics and Programme Implementation, key sectors such as mining, manufacturing, and electricity …

India’s service sector growth rebounds in October on higher demand
2 months, 1 week ago

India’s service sector growth rebounds in October on higher demand

Live Mint  

India’s services sector bounced back in October, buoyed by strong customer demand after a lull in September, according to a survey released on Wednesday. The HSBC India Services Purchasing Managers’ Index, compiled by S&P Global, climbed to 58.5 in October from 57.7 in September, highlighting 39 consecutive months of above the 50-point threshold that distinguishes growth from contraction. "During October, …

Manufacturing Sector Recovers Strongly in October, with PMI Reaching 57.5
2 months, 1 week ago

Manufacturing Sector Recovers Strongly in October, with PMI Reaching 57.5

ABP News  

India's manufacturing sector rebounded in October, with the seasonally adjusted PMI rising to 57.5. The rise was driven by strong demand, increased new orders, and a boost in international sales. The sector's performance was buoyed by strong domestic demand as well as increased international orders. New export orders also grew in October, bouncing back after a sluggish September.

India’s manufacturing activity rises in October driven by growth in new orders
2 months, 1 week ago

India’s manufacturing activity rises in October driven by growth in new orders

Live Mint  

India's manufacturing activity rebounded in October, shaking off an eight-month low in September as robust demand fuelled growth in new orders and international sales. Accelerating growth October saw an acceleration in manufacturing output growth, propelled by a faster rise in new orders and international sales, the survey indicated. Rapidly expanding new orders and international sales reflect strong demand growth for …

The IMF's WEO and the Rise of China: A Cautionary Tale for India
2 months, 2 weeks ago

The IMF's WEO and the Rise of China: A Cautionary Tale for India

Hindustan Times  

The IMF's World Economic Outlook report sheds light on the competitive edge China holds in the electric vehicle (EV) industry. The report highlights the sharp rise in labor productivity in China, which has enabled them to produce EVs at lower costs compared to their European counterparts. This competitiveness could lead to a global disruption in the EV market, which is …

Indian Apparel Exports Soar 17.3% in September, Boosting Global Supply Chain
2 months, 4 weeks ago

Indian Apparel Exports Soar 17.3% in September, Boosting Global Supply Chain

The Hindu  

Indian apparel exports saw a significant surge in September, with a 17.3% increase compared to the same period last year. This growth is expected to continue in the coming months, with 15%-20% higher exports projected for 2024-2025. This surge is attributed to the increasing popularity of Indian products and the growing focus on sourcing from India by international buyers.

India’s industrial output grows 4.8% in July
4 months ago

India’s industrial output grows 4.8% in July

The Hindu  

India’s industrial output growth rose 4.8% in July, the second-slowest pace in the financial year 2024-25, from an upgraded 4.7% growth in June, even as mining and electricity growth slowed, and non-consumer durables’ production slipped a sharp 4.4%, marking the third contraction in four months. Manufacturing output growth picked up to 4.6% in July, from 3.2% in June, and was …

India's exports in Q1 show resilience despite global slowdown: CRISIL
5 months, 4 weeks ago

India's exports in Q1 show resilience despite global slowdown: CRISIL

New Indian Express  

India's exports have shown resilience amidst global challenges, with merchandise exports rising by 5.8% to $109.96 billion in the first quarter of fiscal 2025, according to CRISIL. "On a cumulative basis, merchandise exports rose 5.8% to $109.96 billion for the first quarter of fiscal 2025, from $103.9 billion in the year-ago period. This growth in exports in the first quarter …

Automobile exports from India rise 15.5 per cent in Q1
6 months ago

Automobile exports from India rise 15.5 per cent in Q1

India TV News  

Automobile exports from India increased 15.5 per cent year-on-year in the June quarter with all verticals, barring three-wheelers, recording growth in shipments, according to the latest SIAM data. Passenger vehicle exports stood at 1,80,483 units in the first quarter, registering a jump of 19 per cent over 1,52,156 units in the same period last year. Two-wheeler exports stood at 9,23,148 …

India's Business Growth Surges in June: PMI Report
6 months, 3 weeks ago

India's Business Growth Surges in June: PMI Report

Deccan Chronicle  

New Delhi: Regaining the momentum in June with business activity picking up at a quicker pace, Indian businesses, both in the manufacturing and services sectors, expanded at a faster pace in the month of June than the previous month. According to the survey carried out by the global banker HSBC Flash India PMI, the headline flash composite Purchasing Managers’ Index …

India's industrial output's year-on-year growth increases to 5% in April 2024
7 months ago

India's industrial output's year-on-year growth increases to 5% in April 2024

Hindustan Times  

The Index of Industrial Production grew by 5% for April 2024, compared to 4.6% growth during the same month of the previous year. IIP tracks activity in manufacturing, mining, and electricity generation IIP shows the performance of the industrial sector. The IIP figure for April 2024 stood at 147.7 compared to 140.7 in the same month last year, according to …

India's Index of Industrial Production growth slows to 4.9% as mining sector sees decline
8 months ago

India's Index of Industrial Production growth slows to 4.9% as mining sector sees decline

Deccan Chronicle  

New Delhi:With the poor performance, mostly in the mining sector, India’s industrial output slowed marginally to 4.9 per cent in March this year as compared to the previous month. The factory output measured in terms of the index of industrial production or IIP was 5.6 per cent in February 2024, while it saw a growth of 1.9 per cent in …

Industrial output slows to 4.9% in March
8 months ago

Industrial output slows to 4.9% in March

The Hindu  

India’s industrial output growth slowed to 4.9% in March from 5.6% in February, as per the National Statistical Office, with base effects from last March when output had tanked 1.9%, boosting the uptick. Manufacturing, which constitutes 77.6% of the Index of Industrial Production, grew at a five-month high pace of 5.2% in March, relative to a mild 1.5% uptick in …

India's Manufacturing Sector PMI Shoots Up To Second Best High In 3.5 Years
8 months, 1 week ago

India's Manufacturing Sector PMI Shoots Up To Second Best High In 3.5 Years

Deccan Chronicle  

The growth in India's manufacturing sector moderated slightly in April but remained robust, witnessing the second-best improvement in operating conditions in three-and-a-half years. Despite falling from 59.1 in March to 58.8 in April, the seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index or PMI signalled a significant improvement in demand for the health of the sector, prompting firms to ramp …

India’s April manufacturing PMI sees second-best improvement in operating conditions in three-and-a-half years
8 months, 1 week ago

India’s April manufacturing PMI sees second-best improvement in operating conditions in three-and-a-half years

The Hindu  

India’s manufacturing sector activity moderated slightly in April, but still witnessed the second-best improvement in operating conditions in three-and-a-half years, as per the seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index™ which fell to 58.8 from the 16-year high of 59.1 recorded in March. Even though input costs increased, producers ramped up input purchases to the highest level since last …

Goods exports hit 12-month high of $41.68 billion in March
8 months, 4 weeks ago

Goods exports hit 12-month high of $41.68 billion in March

The Hindu  

India’s goods exports hit a 12-month high of $41.68 billion in March, although it constituted a 0.67% decline from last year’s tally, while imports dropped 6% to $57.3 billion last month. Goods imports dropped by a sharper 5.41% to $677.24 billion in 2023-24, which helped moderate India’s trade deficit for the year to $240.2 billion, 9.33% lower than the preceding …

Trade deficit widens to USD 18.71 billion in Feb as both imports, exports rise
9 months, 4 weeks ago

Trade deficit widens to USD 18.71 billion in Feb as both imports, exports rise

New Indian Express  

NEW DELHI: India’s trade deficit increased to $18.71 billion in February from $17.49 billion in January, with imports exceeding exports, amid red sea crisis, as per recent official data. Goods imports surged to $60.11 billion in February from $54.41 billion in January, while exports increased to $41.40 billion from $36.92 billion. Goods exports grew by 11.86% compared to $37.01 billion …

India’s monthly merchandise exports rise to $41.40 billion in February
9 months, 4 weeks ago

India’s monthly merchandise exports rise to $41.40 billion in February

Hindustan Times  

NEW DELHI: India reported a robust 12% annualised growth in merchandise exports at $41.4 billion in the month of February despite global headwinds, narrowing contraction in the first 11 months of 2023-24 by 3.6% to $395 billion, a senior official said. In 2022-23, India’s merchandise exports crossed $451 billion while overall exports achieved a record $770 billion. Releasing the monthly …

Industrial output growth slows to 3.8% in January
10 months ago

Industrial output growth slows to 3.8% in January

The Hindu  

India’s industrial output growth slowed to 3.8% in January, from an upgraded uptick of 4.24% in December, with the manufacturing sector’s growth slowing to 3.2% from 4.5% a month ago and consumer non-durables slipping into contraction for the second time in three months. Consumer durables production jumped 10.9%, the highest growth in three months, but gained from base effects as …

India’s manufacturing PMI inched up to 56.9 in February
10 months, 2 weeks ago

India’s manufacturing PMI inched up to 56.9 in February

The Hindu  

India’s manufacturing sector continued its recovery in February from an 18-month low in December, with production levels and sales rising at the fastest pace in five months, as per the seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index. New export orders grew at the highest pace in 21 months, but employment levels changed little as firms felt existing staff strengths …

India’s merchandise exports up 3.12% in January
10 months, 4 weeks ago

India’s merchandise exports up 3.12% in January

Hindustan Times  

India’s merchandise exports reported a 3.12% increase to $36.92 billion in January despite global headwinds, showing positive growth for the second consecutive month, with overall exports -- both goods and services -- estimated to have risen 9.27% to $69.72 billion in the month, government data released on Thursday said. Releasing trade data for January, commerce secretary Sunil Barthwal said, “Despite …

India's January services PMI hits 6-month high amid strongest upturn in new business since mid-2023
11 months, 1 week ago

India's January services PMI hits 6-month high amid strongest upturn in new business since mid-2023

The Hindu  

The services sector growth in India rose to a six-month high in January as new business expanded at a faster pace amid buoyant demand from domestic and external clients, a monthly survey said on Monday. The seasonally adjusted HSBC India Services PMI Business Activity Index rose to 61.8 in January, up from 59 in December, pointing to the sharpest rate …

India’s Manufacturing Sector Growth Marks 18-Month Low At 54.9 In Dec
1 year ago

India’s Manufacturing Sector Growth Marks 18-Month Low At 54.9 In Dec

ABP News  

India’s manufacturing sector logged a decline as the sector’s growth declined to an 18-month low of 54.9 in December owing to a muted increase in factory orders and output, despite minimal inflation, the monthly survey conducted by S&P Global revealed on Wednesday. The HSBC India Manufacturing PMI survey, conducted by the rating agency S&P Global, found that factory orders and …

India’s manufacturing sector growth dips to 18-month low in December on softer rise in output
1 year ago

India’s manufacturing sector growth dips to 18-month low in December on softer rise in output

Firstpost  

India’s manufacturing sector growth fell to an 18-month low in December amid softer increase in factory orders and output, despite minimal inflation, a monthly survey said on Wednesday. The HSBC India Manufacturing PMI survey, conducted by S&P Global, showed that there were softer, albeit sharp, increase in factory orders and output, while business confidence towards the year-ahead outlook strengthened. The …

Services growth slips, drags private sector activity to a one-year low in November
1 year, 1 month ago

Services growth slips, drags private sector activity to a one-year low in November

The Hindu  

The momentum in India’s services sector faltered to a one-year low in November, as per the seasonally adjusted S&P Global India Services Business Activity Index which slid to 56.9 from 58.4 in October, with widespread slowdowns in growth rates for new orders and output. Taken together with the manufacturing Purchasing Managers’ Index for November released earlier, last month marked the …

Services sector activity hits 1-year low in November on slow demand, output
1 year, 1 month ago

Services sector activity hits 1-year low in November on slow demand, output

Live Mint  

India’s service sector activity in November slowed to the lowest levels over the previous 12 months, according to a private survey released on Tuesday, owing to slowing growth for both new orders and output across key services. “Despite falling from 58.4 in October to a one-year low of 56.9 in November, the seasonally adjusted S&P Global India Services Business Activity …

Deceptive signals: The Hindu Editorial on India’s October 2023 goods exports numbers
1 year, 1 month ago

Deceptive signals: The Hindu Editorial on India’s October 2023 goods exports numbers

The Hindu  

Last month, India’s goods exports recorded only their second uptick this financial year, with a 6.2% rise. Merchandise imports grew a sharper 12.3% over last October and nearly 21% over September’s tally to hit an all-time high of $65.03 billion. The Finance Ministry’s monthly economic review asserted that merchandise exports “surprised on the upside” with the highest growth in 11 …

India sees 6.2% rise in goods exports in October
1 year, 1 month ago

India sees 6.2% rise in goods exports in October

The Hindu  

India’s goods exports grew only for the second time in 2023-24 in October, albeit on a low base, rising 6.2% to $33.6 billion, but imports jumped to a record high of $65.03 billion, 12.3% over last year, fuelled by higher gold inflows. Consequently, India’s monthly goods trade deficit widened to an all-time high of $31.46 billion, eclipsing the previous record …

India's Manufacturing PMI In October Slips To 55.5 On Weak Demand, Lowest In Eight Months
1 year, 2 months ago

India's Manufacturing PMI In October Slips To 55.5 On Weak Demand, Lowest In Eight Months

ABP News  

Manufacturing activity in India dropped to its lowest in eight months in October, credit rating agency S&P Global’s survey said this on Wednesday. According to the survey, the Manufacturing Purchasing Managers' Index slipped to 55.5 in October because of competitive pressure and weak demand. Pollyanna De Lima, economics associate director, S&P Global Market Intelligence, said, "The survey's new orders index …

Services PMI signals September boost
1 year, 3 months ago

Services PMI signals September boost

The Hindu  

India’s services sector activity gained momentum in September, with new orders rising at the second fastest rate since June 2010, as per the S&P Global India Services Purchasing Managers’ Index, which moved up to 61 from 60.1 in August. Growth in new international orders slowed to a three-month low, yet was one of the quickest since September 2014, S&P Global …

Manufacturing PMI eased to 5-month low in September
1 year, 3 months ago

Manufacturing PMI eased to 5-month low in September

The Hindu  

India’s manufacturing sector activity moderated to a five-month low in September with new orders slowing down, as per the seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index, which eased to 57.5 from 58.6 in August. While inflation in input costs eased to the lowest in over three years, firms raised output charges at a sharper pace than the long-run …

India's services exports post fastest growth in 9 years
1 year, 4 months ago

India's services exports post fastest growth in 9 years

Deccan Chronicle  

NEW DELHI: India's services activity continued to expand in August, though the purchasing managers' index or PMI services dropped to 60.1 in the month from the previous reading of 62.3 in July. However, the survey also showed that hiring activity across India's service economy continued to expand halfway through the second fiscal quarter. Commenting on the survey, Pollyanna De Lima, …

India's Manufacturing PMI Jumps to 58.6 in August, Hits 3-Month High
1 year, 4 months ago

India's Manufacturing PMI Jumps to 58.6 in August, Hits 3-Month High

News 18  

India’s factory growth accelerated at the fastest pace in three months in August, driven by strong growth in new orders and output, according to a private survey that however also showed job creation was at a four-month low. The Manufacturing Purchasing Managers’ Index, compiled by S&P Global, jumped to 58.6 last month from 57.7 in July, the highest since May …

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