- Tuesday, April 16, 2024
By: Radhakrishna N S
India’s manufacturing sector recorded a sluggish growth in August 2018 following soft domestic demand, according to a private business survey released on Monday (03) that analyses the health of the major economies around the globe. The Nikkei India Manufacturing Purchasing Managers’ Index (PMI) compiled by IHS Markit was at 51.7 in August from 52.3 in July. The latest data highlighted a modest improvement in manufacturing conditions compared to July. “August survey data indicated that operating conditions improved at the slowest pace since May, mainly reflecting slower gains in output and new orders. On the price front, input cost inflation eased…
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