India’s manufacturing boosted by higher domestic demand in September
Oct 1st, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
After falling to a five-month low in August, the seasonally adjusted HSBC Markit Purchasing Managers’ Index (PMI) - - a headline index designed to measure the overall health of the manufacturing sector - - rose in September. The latest reading, broadly on a par with those recorded between May and July, signalled a marked improvement in the health of India’s manufacturing industry. Underlying the higher PMI figure was accelerated growth in production, new business and stocks of purchases. Meanwhile, employment and suppliers’ delivery times – the other components of the headline index – were broadly stable.