Tuesday, September 4, 2018

India PMI at 51.7 in Aug

The India PMI index fell to 51.7 in August from 52.3 in July, as operating conditions improved at the slowest pace since May.

Manufacturing growth eased for the second consecutive month in August, mainly on account of slower gains in output and decline in fresh orders.

The numbers are in contrast to the strong manufacturing growth (13.1 per cent) in the first quarter of 2018-19.

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