Indian factory activity bounces back on surging domestic & foreign demand ...News

Russia Today - Economy
Indian factory activity bounces back on surging domestic & foreign demand
source : Russia Today ( News ) () 9
India’s manufacturing sector rebounded in July, allowing local business to offer new jobs for the first time since the coronavirus pandemic outbreak. The expansion was underpinned by robust demand domestically and abroad. The Manufacturing Purchasing Managers’ Index for the sector jumped to 55.3 in July from 48.1 recorded in the previous month, according to survey data revealed by IHS Markit on Monday. The July reading is well above the 50-level that separates growth from contraction. “Output rose at a robust pace, with over one-third of companies noting a monthly expansion in production, amid a rebound in new business and the easing o

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