India Manufacturing Activity Outperforms Asia as Demand Picks Up
- Manufacturing PMI eased in September, but remains above trend
- Manufacturers gain new orders from key export markets
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India’s manufacturing activity remained relatively strong in September, outperforming other Asian economies, as businesses picked up new clients in key overseas markets.
While the purchasing managers’ index moderated to 57.5 from 58.6 in August, it remained firmly above its long-run average of 53.9, signaling “a sharp rate of expansion,” S&P Global said in a statement Tuesday.