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Economy

India's manufacturing PMI rises to 52.6 in August

TOKYO -- The Nikkei India Manufacturing Purchasing Managers' Index, or PMI, climbed to a 13-month high of 52.6 in August from 51.8 in July.

A reading above 50 indicates economic expansion, while one below 50 points toward contraction.

"Manufacturing PMI data show that the positive momentum seen at the beginning of the second semester has been carried over into August, with expansion rates for new work, buying levels and production accelerating further," Pollyanna De Lima, economist at IHS Markit which compiles the survey, said. "Moreover, the sector's growth dynamics for the near-term are encouraging as companies will likely continue their efforts to replenish stocks," she added.

(Nikkei)

For more information, visit:

http://www.markiteconomics.com/Survey/Page.mvc/PressReleases

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