Key Points
Manufacturing activities in India have touched a 31-month high in May supported by stronger increase in new orders and favourable market conditions, which in turn generated more employment opportunities, according to a monthly survey...
The seasonally adjusted S&P Global India Manufacturing Purchasing Managers Index (PMI) has increased from 57.2 in April to 58.7 in May, indicating the strongest improvement in the health of the sector since October 2020...
The May PMI data pointed to an improvement in overall operating conditions for the 23rd straight month..
Combined, they also generated more employment opportunities in May, said Pollyanna De Lima, Economics Associate Director at S&P Global Market Intelligence...
While improvements in supply chains and generally subdued global demand for inputs helped curb input price inflation in May, heightened demand and previously absorbed cost burdens translated into a stronger upward revision to selling charges, Lima said.. (With inputs from PTI)..
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