The August figure marked 26 months of the index remaining above the 50-mark, separating expansion from contraction. A survey print above 50 indicates manufacturing expansion and below it marks contraction.
"[The survey] showed a robust improvement in manufacturing sector conditions across India, as new orders and output increased at the quickest rates in nearly three years during August. Firms geared up to handle rising demand by scaling up buying levels and rebuilding their input stocks at the secondstrongest pace in 18-and-ahalf years of data collection," said the survey by the global credit rating agency S&P global. The survey said that the demand strength, along with the competitive pricing and advertising, was pivotal to August's performance, spurring the fastest upturn in new orders since January 2021.
この記事は Business Standard の September 02, 2023 版に掲載されています。
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この記事は Business Standard の September 02, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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