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Monday, August 1, 2016

Manufacturing Purchasing Managers’ Index (PMI) posted a four-month high of 51.8 in July 2016

Indicating an upswing in factory activity, the Nikkei India Manufacturing Purchasing Managers’ Index (PMI) posted a four-month high of 51.8 in July. 

It was marginally lower at 51.7 in June 2016

“The performance of India ’s manufacturing economy continued to improve in July, with a stronger expansion in new business contributing to faster increases in output and buying levels,” Nikkei said in a release on Monday August 01,2016


A reading above 50 on the index denotes expansion while a reading less than 50 reflects contraction.

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