Manufacturing activity at 17-&-half-year high in Aug: PMI survey
India’s manufacturing sector surged in August, reaching a 17-and-a-half-year high with a PMI of 59.3, according to HSBC. Production expanded at its fastest rate since late 2020, fueled by robust new orders. Companies increased material purchases and job creation, reflecting optimism.🕒 1 min read
India’s manufacturing sector surged in August, reaching a 17-and-a-half-year high with a PMI of 59.3, according to HSBC. Production expanded at its fastest rate since late 2020, fueled by robust new orders. Companies increased material purchases and job creation, reflecting optimism.
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