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LATEST NEWS UPDATES | Manufacturing PMI rises for third straight month; output rises at quickest pace since Oct. 2007

Manufacturing PMI rises for third straight month; output rises at quickest pace since Oct. 2007

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published Published on Nov 2, 2020   modified Modified on Nov 2, 2020

-PTI/ The Hindu

Inflationary pressures, meanwhile, remained subdued as seen by a modest increase in input costs and only marginal rise in selling prices.

India’s manufacturing sector activity improved for the third straight month in October with companies raising output to the greatest extent in 13 years amid robust sales growth, a monthly survey said on Monday.

The headline seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) rose from 56.8 in September to 58.9 in October, and pointed to the strongest improvement in the health of the sector in over a decade.

In April, the index had slipped into contraction mode, after remaining in the growth territory for 32 consecutive months. In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction.

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PTI/ The Hindu, 2 November, 2020, https://www.thehindu.com/business/Industry/manufacturing-pmi-rises-for-third-straight-month-output-rises-at-quickest-pace-since-oct-2007/article33001580.ece?homepage=true


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