Manufacturing PMI at 13-month high in August
The Nikkei India Manufacturing Purchasing Managers’ Index (PMI), a monthly indicator of the manufacturing sector's economic health, rose to a 13-month high of 52.6 in August. This marks its eighth month above the 50-level which separates growth from contraction. Further, the new orders sub-index, which constitutes both domestic and external demand, was 54.8, the highest since December 2014. 