Manufacturing sector performance is estimated to have risen to a
13-month high in August led by a strong pick up in both domestic and
external demand.
The Nikkei India Manufacturing Purchasing Managers’ Index rose to 52.6 in August from 51.8 in July.
“Contributing to this was a sharp upturn in new business inflows, which
expanded at the fastest pace since December 2014,” said a statement,
adding that consumer goods producers led the increase, although solid
growth was also seen in the intermediate and capital goods categories.
The data comes a day after official statistics on growth in gross
domestic product in the first quarter of the fiscal revealed that the
manufacturing sector performed at a healthy 9.1 %
Nikkei manufacturing PMI for August at 13-month high of 52.6. Harbinger of better times for manufacturing?— lokeshwarri sk (@lokeshwarri) September 1, 2016
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