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Manufacturing PMI
Why is it in news?
- As per a survey, manufacturing activity re-entered the growth territory in August.
Details:
- The growth is driven by a rebound in production volumes and new work.
- There was an improvement in customer demand following the resumption of business operations.
- The IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) rose from 46 in July to 52 in August.
- The increase signals an improvement in operating conditions across the manufacturing sector following four consecutive months of contraction.