Key Points
India's factory activity expanded at the slowest pace in five months in September but remained solid, with strong demand driving business confidence to its highest level this year, despite increased inflationary pressures, a private survey showed...
The Manufacturing Purchasing Managers' Index INPMI=ECI, compiled by S&P Global, fell to 57.5 last month from 58.6 in August, missing the Reuters poll forecast for 58.1...
"India's manufacturing industry showed mild signs of a slowdown in September, primarily due to a softer increase in new orders which tempered production growth," said Pollyanna De Lima, economics associate director at S&P Global Market Intelligence...
"The solid increase in output charges signalled by the PMI data, which occurred in spite of a notable retreat in cost pressures, could restrict sales in the coming months," added De Lima...
Inflation in India eased in August to 6.83% from July's 15-month high of 7.44% but remained above the Reserve Bank of India's (RBI) target range of 2%-6%, keeping policymakers watchful...
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