Industry News
Manufacturing PMI hits 59.3 in Aug driven by rapid expansion in production
India’s manufacturing sector saw a strong growth in August, with the HSBC India Manufacturing Purchasing Managers’ Index (PMI) rising to 59.3 from 59.1 in July, S&P Global data showed on Monday.
The PMI reading signalled the fastest improvement in operating conditions in 17 years and six months. The upward movement in the headline figure reflected acceleration in production volumes, with the pace of expansion the quickest in nearly five years.
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