Manufacturing exercise returns to progress in August

New Delhi, September 1

India’s manufacturing sector exercise re-entered the expansion territory in August, pushed by a rebound in manufacturing volumes and new work, amid an enchancment in buyer demand following the resumption of enterprise operations, a month-to-month survey confirmed on Tuesday.

The IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) rose from 46 in July to 52 in August, signalling an enchancment in working circumstances throughout the manufacturing sector following 4 consecutive months of contraction.

In April, the index had slipped into contraction after remaining within the progress territory for 32 months. — PTI

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