Key Points
India's manufacturing activity slowed down in September, with the Purchasing Managers' Index falling to its lowest level in five months..
Despite this, firms in the sector remain optimistic and expect output levels to increase in the next twelve months..
A softer pace of expansion in new orders pushed manufacturing activity to its lowest level in five months of 57.5 in September, compared with 58.6 in August, according to data released Tuesday...
"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, S&P Global Market Intelligence...
The seasonally adjusted S&P Global India Manufacturing Purchasing Managers Index remained above the 50-mark, which separates expansion from contraction, and the long-term average reading of 53.8...
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