India’s manufacturing output showed the strongest growth in 13 years in October said IHS Market India purchasing managers’ index. Rising to 58.9 in October from 56.8 in September, the headline seasonally adjusted PMI pointed to the strongest improvement in the health of the sector in over a decade, the information provider said in a statement on Monday. The index is compiled from responses in the second half of the month from around 400 manufacturers, which indicates the direction of change compared to the previous month.
