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India's factory growth climbs to 7-month high on surging demand, PMI shows
BENGALURU: India’s manufacturing sector expanded sharply in September, ending a three-month slowdown as robust demand drove the fastest growth in factory activity in seven months, revived hiring and lifted business confidence, a private survey showed on Thursday. The HSBC India Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, jumped to 55.1 in September from a five-year low of 52.8 in August but was lower than a preliminary estimate of 55.7. The reading was the highest since February. A PMI reading above 50.0 indicates growth in activity. New orders rose at the faste...
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