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.
Denne historien er fra September 02, 2023-utgaven av Business Standard.
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Denne historien er fra September 02, 2023-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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A SWEET DEAL
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Politics, culture and performance
\"All the world's a stage, and all the men and women merely players.\" If we start looking at ourselves as characters who perform, and observe where the stage is, a lot more can start to make sense.
