Rising from 57.7 in July to 58.6 in August, the seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) indicated the second-best improvement in the health of the sector in nearly three years. A reading above 50 indicates an overall increase.
Demand strength was pivotal to August's robust performance, spurring the fastest upturn in new orders since January 2021, according to the PMI survey. Competitive pricing and advertising were also cited as factors behind sales growth, it said, adding that overall employment rose at the slowest pace in four months, but was still above the series trend, it noted.
Denne historien er fra September 02, 2023-utgaven av Financial Express Mumbai.
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Denne historien er fra September 02, 2023-utgaven av Financial Express Mumbai.
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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