Economic Buzz: Indias Manufacturing Sector Continues Expansion In July

1 Aug 2022 , 11:55 AM

Indian manufacturers made a positive start to the second fiscal quarter, with marked gains in growth of new business and output. While companies stepped up input purchasing, job creation remained marginal amid an uncertain outlook and a general lack of pressure on operating capacities. There was also good news on the price front, as rates of both input cost and output charge inflation subsided. Rising from 53.9 in June, to 56.4 in July, the seasonally adjusted S&P Global India Manufacturing Purchasing Managers Index (PMI) highlighted the strongest improvement in the health of the sector for eight months. Moreover, growth upgrades were seen in each of the three monitored market groups.Powered by Commodity Insights