India's manufacturing growth stays robust in Aug, inflation eases

S&P Global's Manufacturing Purchasing Managers' Index dips slightly to 56.2 in August from 56.4 in July

India’s manufacturing activity remained robust in August, with production and new orders strongest since last November. The S&P Global India Manufacturing Purchasing Managers’ Index (PMI) dipped to 56.2 in August from a reading of 56.4 in July.

A reading above 50 indicates expansion and a print below that denotes contraction. India’s manufacturing activity continued to expand for the 14th straight month.

Demand boosted new orders in August to push output growth to a nine-month high. Production volumes were also supported by a pick-up in exports and upbeat projections for the year-ahead outlook, said the monthly report. Manufacturers attributed the fastest