 "Manufacturing activity grows in September on strengthening demand: PMI")
Manufacturing activity in September grew with strengthening demand conditions amid the easing of Coronavirus (Covid-19) restrictions even as pricing pressure intensified due to raw material shortages and rising fuel costs.
The IHS Markit Purchasing Managers Index (PMI) for manufacturing rose to 53.7 in September from 52.3 recorded in August, highlighting a stronger expansion in overall business conditions. A reading above 50 indicates expansion and one below that shows contraction. The PMI reading was 55.3 in July.
“Indian manufacturers lifted production to a greater extent in September as they geared up for improvements in demand and the replenishment of stocks. There
