Economic Buzz: Indias Manufacturing Sector Continues Strong Growth

1 Sep 2022 , 03:12 PM

Indias manufacturing activity continued to expand strongly in August, as output and new orders grew at the fastest pace in nine months amid a further slowdown in cost inflation, survey results from S&P Global showed. The S&P Global factory Purchasing Managers Index dropped to 56.2 in August from 56.4 in July. However, any reading above 50.0 indicates expansion in the sector. Production grew at the strongest pace since November 2021. Growth in new orders also quickened to a nine-month high in August, underpinned by strengthening demand conditions. On the price front, overall input price inflation softened to a one-year low in August on falling commodity prices, especially aluminum and steel.Powered by Commodity Insights