India s factory growth rose to a three-month high in August, even as cost inflation high a 1-year high. India s manufacturing PMI in August stood at 58.6 in August, up from 57.7 in July. With this reading, India s manufacturing activity has seen an expansion for 26 straight months, the longest stretch since March 2020.
India's manufacturing growth gathered pace in August as new orders and output increased at the quickest rates in nearly three years, the results of the purchasing managers' survey from S&P Global showed on Friday.
Indicating a slower pace of contraction, the Institute for Supply Management released a report on Friday showing an uptick by its reading on U.S. manufacturing activity in the month of August.