India’s manufacturing may be back on track, rebalancing itself from the Covid-19 impact, the purchasing managers index (PMI) data, released by IHS Market on Monday, shows. The country’s manufacturing PMI rose to 58.9 in October, the highest it has achieved in more than a decade. Driven by robust sales, the pace gathered by manufacturing output, one component of the index, was the quickest since October 2007, contributing to the PMI’s gains, the monthly report by IHS Market said. It went past 56.8, seen in September, which was an eight-year high, according to Reuters.
Courtesyg: Google (photo)
