Factory output rises to 22-month high in October
The Nikkei India Manufacturing Purchasing Managers’ Index (PMI), a monthly indicator of the manufacturing sector's economic health, rose to a 22-month high of 54.4 in October. This was against September’s 52.1, marking the biggest monthly jump in nearly five years. The expansion came amid stronger contributions from three of its five sub-components, new orders, output and stocks of purchases.