RSS   Newsletter   Contact   Advertise with us

India manufacturing growth at 4-month high

Staff Writer | August 2, 2016
India's manufacturing activity expanded at the fastest pace in four months in July, survey results from Markit showed.
India manufacturing
Indian manufacturers   Nikkei PMI edged up to 51.8
The Nikkei Purchasing Managers' Index edged up to 51.8 from 51.7 in June. A reading above 50 indicates expansion.

Supported by greater demand from both the domestic and external markets, total new business climbed at the fastest pace since March. Indian manufacturers stepped up production, with July's upturn being the most pronounced since March.

Nonetheless, only 1 percent of surveyed companies took on additional workers in July.

On the price front, July saw input costs rise at the slowest pace in five months. Although charge inflation accelerated, the rate of increase was only slight and remained below its long-run average.