India's private sector growth driven by manufacturing PMI rise
pre-market1 source ↓written by the desknot a recommendation
India’s private sector activity strengthened in September, with the Composite PMI rising to 56.5 from 54.3 in August. The manufacturing sector led this growth, as the Manufacturing PMI increased to 55.7, marking a seven-month high. This expansion indicates robust economic activity, potentially boosting investor sentiment in related sectors.
• New orders and employment also expanded at faster rates.
• The PMI index is now above its long-run average, signaling positive momentum for traders.
Not investment advice. For informational purposes only.