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This Article is From Sep 01, 2016

India’s Manufacturing Gauge Rises For 8th Straight Month In August

India’s manufacturing PMI index rises to its highest level since July 2015.

India’s Manufacturing Gauge Rises For 8th Straight Month In August
Employees wear masks while observing machinery on the embroidery division production line (Photographer: Dhiraj Singh/Bloomberg)

India's manufacturing PMI index for August rose to 52.6 versus 51.8 in the previous month signalling a marginal pick-up in the manufacturing activity of the country.

The index is at its highest level since July 2015 and has seen its eighth consecutive month of expansion.

The expansion can be attributed to the rise in new orders compared to the previous month. Manufacturing output also rose to 54.3 versus 53.3 in July.

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