Factory activity slows to 3-month low in September The index reading underlines the resilience of India’s manufacturing sector activity amidst global recession fears, although has undergone a moderation for the second consecutive month in September. This number was 56.4 and 56.2 in July and August . A key measure of manufacturing activity, the Purchasing Managers’ Index (PMI) for manufacturing for the month of September came in at 55.1, the 15th consecutive month that it is higher than 50, signifying an expansion in economic activity, even as business confidence rose to…
Read MoreFactory activity slows to 3-month low in September
