India’s manufacturing PMI rebounds to 57.5 in October on new orders
Increase in output growth is driven by a rise in both total new orders and international sales
Increase in output growth is driven by a rise in both total new orders and international sales
Positive demand dynamics and greater labour costs pushed charge inflation to a 13-month high.
S&P Global India Manufacturing Purchasing Managers' Index (PMI) rose from 57.2 in April to 58.7 in May
However, the PMI average for the fourth quarter for FY23 stood at 55.7, as against 56.3 in Q3 of FY23.
In January, the manufacturing PMI stood at 55.4. The headline figure, however, remained above its long-run average of 53.7.