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India News Live Updates: India’s manufacturing PMI hits eight-month high at 56.4 in July

India News Live: India’s headline PMI rises to 56.4 in July on the back of fast growth in sales and production. Input cost inflation has softened to an 11-month low.

“Indian manufacturing production rose at a sharp pace that was the fastest in eight months. The upturn was broadbased by sub-sector, and led by investment goods. Those panellists that reported higher output volumes mentioned better demand conditions and a pick-up in sales ,” says a release from S&P.

“The Indian manufacturing industry recorded a welcome combination of faster economic growth and softening inflation during July,” says Pollyanna De Lima, Economics Associate Director at S&P Global Market Intelligence

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S&P Global on India’s PMI

“The Indian manufacturing industry recorded a welcome combination of faster economic growth and softening inflation during July,” says Pollyanna De Lima, Economics Associate Director at S&P Global Market Intelligence

India manufacturing PMI hits eight-month high

Headline PMI rises to 56.4 in July Vs 53.9 previously

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