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India's factory growth at 5-yr low in August
Finance · 2 updates
India's factory growth at 5-yr low in August
Bengaluru: India's manufacturing sector expanded at its slowest pace in five years in August as demand remained soft, leading to job losses for the first time in more than two years, a survey showed.The HSBC India Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, fell to 52.8 in August from 53.5 in July, slightly lower than a preliminary estimate of 52.9.A PMI reading above 50.0 indicates growth in activity.<iframe src="https://economictimes.indiatimes.com/dynamicchart?tab=MANPMI&year=3&type=line" width="100%" height="520" frameborder="0" scrolling=
India's services growth picks up in August
BENGALURU: India's dominant services sector accelerated slightly in August but persistently subdued new business kept overall activity near its weakest in more than four years, a survey showed, though firms ramped up hiring at the fastest pace in over a year.HSBC's India Services Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 54.1 in August from July's 53.3, but was slightly lower than a preliminary estimate of 54.5.Also read: 7.8% slam dunk! 'Dead' economy proved to be quite alive and kicking<iframe src="https://economictimes.indiatimes.com/dynamicchart?tab=SE
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