Manufacturing PMI: India has seen a slight increase in manufacturing activities in October and based on this, an increase has been registered in the S&P Global Manufacturing PMI Index (S&P Global Manufacturing PMI). Manufacturing PMI has increased to 55.3 in October from 55.1 in September.
The manufacturing PMI fell to a three-month low in September, but it has shown an improvement in October, which shows that there is a recovery in production activities in the country. The manufacturing sector continues to grow as PMI above 50 indicates growth while below 50 indicates contraction.
Tomorrow the data of growth of core sectors is also better
The growth data of basic industries, which came last evening, has also come out better and in September, the output of 8 core sectors has come up at 7.9 percent, which has proved to be a good sign for the country’s economy.