India’s mfg activities improve in September: PMI

TIL Desk/Business/New Delhi/ India’s manufacturing sector activities improved in September as companies benefited from strengthening demand conditions amid the easing of COVID-19 restrictions, a monthly survey said on Friday.

The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) improved from 52.3 in August to 53.7 in September, indicating a stronger expansion in overall business conditions across the sector.

The September PMI data pointed to an improvement in overall operating conditions for the third straight month. In PMI parlance, a print above 50 means expansion while a score below 50 denotes contraction.