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India's manufacturing activity improved in July as S&P Global's Purchasing Managers' Index (PMI) rose to an eight-month high of 56.4.
In June, India's manufacturing PMI was at a nine-month low of 53.9. A reading above 50 indicates expansion in activity, while a sub-50 print is a sign of contraction.
This is the 13th consecutive 50-plus print for the manufacturing PMI.
"The Indian manufacturing industry recorded a welcome combination of faster economic growth and softening inflation during July," noted Pollyanna De Lima, Economics Associate Director at S&P Global Market Intelligence.
"Output expanded at the fastest pace since last November, a trend that was matched by the more forward-looking indicator new orders." De Lima added.
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