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At 56.2, India's manufacturing PMI for August has come in above 50 for the 14th month in a row
India's manufacturing activity improved in August, although S&P Global's Purchasing Managers' Index (PMI) edged down to 56.2 from eight-month high of 56.4 recorded in July.
A reading above 50 indicates expansion in activity, while a sub-50 print is a sign of contraction.
This is the 14th consecutive 50-plus print for the manufacturing PMI.
"A sustained improvement in demand conditions boosted new order intakes at Indian manufacturers during August, which in turn pushed output growth to a nine-month high. Production volumes were also supported by a pick-up in exports and upbeat projections for the year-ahead outlook.Firms were at their most optimistic for six years," S&P Global said.
Surveyed firms also expressed optimisim on the prices front as "recent inflation concerns somewhat faded", as per S&P Global.