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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