Manufacturing activity in India rose to 51.8 in July, up from 51.7 in June, as according by Manufacturing PMI, the highest since April, Market Economics said. Manufacturing activity was boosted by a growth in production and new orders for factories, it said. Although demand for plant and machinery improved, investment goods output dropped. Along with new orders, the output cost prices were raised the most in three months, while input cost inflation went down, boosting activity. A reading above 50 indicates expansion while a reading below 50 indicates contraction.

Source: dna August 01, 2016 06:00 UTC