Robust improvement in Indian manufacturing observed in Aug: S&P Global

Source:China Sport ShowRelease time:05-Sep-2023Clicks:

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A robust improvement in India’s manufacturing sector conditions was observed in the S&P Global purchasing managers’ index (PMI), as new orders and output increased at the quickest rates in nearly three years during August this year.

Rising from 57.7 in July to 58.6 in August, the seasonally adjusted S&P Global India manufacturing PMI indicated the second-best improvement in the health of the sector for nearly three years.

Firms geared up to handle rising demand by scaling up buying levels and rebuilding their input stocks at the second-strongest pace in 18-and-a-half years of data collection.

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