India mfg sector bounces back from July's contraction: PMI

September 01, 2017 11:19

Manufacturing in India bounced back in August from previous month's GST-related contraction amid resumed growth in new orders, production and employment, a survey said today. The Nikkei India Manufacturing Purchasing Managers' Index rebounded to 51.2 in August from a low of 47.9 in the previous month, indicating a substantial turnaround from July's GST-related contraction. A reading above 50 indicates expansion, while a score below this mark means contraction.

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