Factory growth hits 8-mth high in July

Factory growth hits 8-mth high in July

Photo for representation. File photo

PTI

New Delhi, August 1

India’s manufacturing sector activity hit the highest level in eight months in July, driven by a significant rise in business orders, a monthly survey said on Monday.

The seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index rose from 53.9 in June to 56.4 in July, reflecting the strongest improvement in the health of the sector in eight months.

PMI rises to 56.4

  • The seasonally adjusted S&P Global India Manufacturing PMI rose from 53.9 in June to 56.4 in July, reflecting the strongest improvement in the health of the sector in eight months

The July PMI data pointed to an improvement in overall operating conditions for the 13th straight month. In PMI parlance, a print above 50 means expansion while a score below 50 denotes contraction. “The Indian manufacturing industry recorded a welcome combination of faster economic growth and softening inflation during July,” Pollyanna De Lima, Economics Associate Director at S&P Global Market Intelligence, said.

Tribune Shorts


Top News

Nitish Kumar dumps BJP in Bihar to pave way for ‘Mahagathbandhan 2.0’ with RJD as largest party and key player

Nitish Kumar dumps BJP in Bihar to pave way for 'Mahagathbandhan 2.0' with RJD as largest party and key player

JD-U supremo to take oath as CM on Wednesday; BJP cries ‘bet...

Nitish Kumar as Opposition’s PM candidate in 2024? Many wary of his ‘U-turns’

Nitish Kumar as Opposition's PM candidate in 2024? Many wary of his 'U-turns'

RJD leader Tejashwi Yadav had derisively named Kumar as ‘pal...

All in a day: Timeline for Bihar's change of government

All in a day: Timeline for Bihar's change of government

MPs, MLAs of RJD and JD(U) held parallel meetings

Maharashtra CM Eknath Shinde to expand 2-member ministry today

No woman in 20-member cabinet as Maharashtra CM Shinde expands 41-day-old ministry

18 MLAs, including state BJP president Chandrakant Patil, we...

PM Modi’s total assets rise by Rs 26 lakh to Rs 2.23 crore; land-holding donated

PM Modi's total assets rise by Rs 26 lakh to Rs 2.23 crore; land-holding donated

He has no investment in any bond, share or mutual funds, doe...

Cities

View All