Manufacturing PMI at 13 month high of 52.6 in August 2016

 

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