India’s Economic Activity Regains Momentum, Flash PMIs Show
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India’s economic activity regained momentum in October, driven by an uptick in manufacturing and services sectors, a flash survey by HSBC Holdings Plc showed.
The manufacturing purchasing managers’ index improved to 57.4 in October from 56.5 in the previous month, the first jump since June. The services purchasing managers’ index rose to 57.9 from 57.7 in the previous month, while the composite index grew to 58.6 from 58.3 in September.