Key Points
Manufacturing activity continued its strong momentum in July even as a marginally softer rate of expansion in output and new orders brought down the PMI reading for the month to 57.7 from 57.8 in June...
The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) for July released on Tuesday pointed to an improvement in overall operating conditions for the 25th straight month...
"The Indian manufacturing sector showed little sign of losing growth momentum in July as production lines continued to motor on the back of strong new order growth," said Andrew Harker, economics director at S&P Global Market Intelligence...
"Pressure continued to come on capacity, prompting firms to expand employment solidly again, a trend that is likely to continue in the months ahead should demand remain strong," Harker said.. Nearly a third of the survey respondents predicted a rise in output in the coming year, compared to 2% who were pessimistic about India's manufacturing prospects...
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