Manufacturing activity picked up marginally, rising to a four-month high in July, according to a survey. “Expect growth in consumer goods to continue while production in capital goods could remain muted as the domestic investment cycle takes more time to take hold,” he said. “The ongoing muted trend for employment indicates that companies remain somewhat uncertain regarding the sustainability of the upturn. The Nikkei India Manufacturing Purchasing Managers’ Index came in at 51.8 in July, up from 51.7 in June. However, the report noted that overall job creation was negligible despite some companies adding to their workforces.

Source: The Hindu August 01, 2016 13:41 UTC