India's manufacturing PMI declines to 58.8 in April
The rise in raw material stocks during the month was supported by increased buying levels.
The rise in raw material stocks during the month was supported by increased buying levels.
The latest PMI reading remains above its long-run average of 53.9.
New orders, the largest sub-component of the PMI, rose at a softer pace in September.
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
The rate of expansion for December was “historically sharp” and “strongest” since May 2022 on robust improvement, says S&P India report.
The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) was little-changed from July's reading of 56.4, posting 56.2 in August.
The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) rose to 56.4 in July from 53.9 in June.
Companies continued to share these additional cost burdens with consumers in April, pushing the rate of inflation to its fastest level in one year.