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Manufacturing Growth
Details
- The companies raising output to the greatest extent in 13 years amid robust sales growth.
- The headline Manufacturing Purchasing Managers’ Index (PMI) rose from 56.8 in September to 58.9 in October.
- Anything above 50 means expansion, while a score below 50 denotes contraction.
- It has pointed to the strongest improvement in the health of the sector in more than a decade.
- Levels of new orders and output at Indian manufacturers continued to recover from the COVID-19 induced contractions.