
Manufacturing PMI hits 31-month high on robust demand for Indian products
S&P Global India Manufacturing Purchasing Managers' Index (PMI) rose from 57.2 in April to 58.7 in May
S&P Global India Manufacturing Purchasing Managers' Index (PMI) rose from 57.2 in April to 58.7 in May
The manufacturing sector grew 3.2% in July, power generation rose 2.3%, while mining output contracted 3.3% during the month under review, the NSO data showed.
The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) was little-changed from July's reading of 56.4, posting 56.2 in August.
The survey reveals that 54.8% respondents reported higher production levels in Q1 (April-June 2022-23), with an average expectation of increase in production by over 10%.
The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) fell to 54.6 in May from 54.7 in April.
Companies continued to share these additional cost burdens with consumers in April, pushing the rate of inflation to its fastest level in one year.