: Manufacturing PMI of India soars 8month high in July #finance #StockMarketNEWS Manufacturing PMI of India soars 8-month high in July New Delhi, Aug 1 (KNN) In July India’s manufacturing Purchasing
Manufacturing PMI of India soars 8month high in July #finance #StockMarketNEWS
Manufacturing PMI of India soars 8-month high in July New Delhi, Aug 1 (KNN) In July India’s manufacturing Purchasing Managers Index (PMI) hit eight-month high, as per S&P Global India’s monthly survey.
Trends for output and new orders strengthening are the two factors for a rise in PMI.
As compared to 53.9 PMI in June it increased to 56.4 last month.
From contraction for a thirteenth month it is remaining well above the 50-level separating growth.
Broad-based by sub-sector the improvement was led by investment goods and was the fastest in eight months.
The growth momentum lost in June saw a recovery in July with a rise in aggregate new order intakes.
Suggesting resilience in the Indian economy the survey results said that despite concerns over faster interest rate hikes, massive capital outflows, a weakening rupee and a rapidly slowing global economy India showed efficiency.
S&P Globals survey also showed foreign demand expanded at the weakest pace in four months in July and optimism developed only a bit last month. (KNN Bureau)
Latest stock market news Twitter alternate of India
0 Reactions React
More posts by @newsMNC
: Bhima Koregaon case: Activist says NIA intercepted emails without valid authorisation #IndiaNEWS Activist Arun Ferreira, an accused in the Bhima Koregaon case, told a special court on Friday that the
0 Reactions React
: CWG 2022, Table Tennis: A look at why Manika Batra and Co's title defence came to an early end #IndiaNEWS Ho Ying’s teammates jumped over the fence and rushed to her, as she lay on the surface holding
0 Reactions React
0 Comments
Sorted by latest first Latest Oldest Best
Terms of Use Create Support ticket Your support tickets Stock Market News! © babycheers.com2025 All Rights reserved.