4.10.16

Nikkei India Manufacturing PMI lower


Activity in India's manufacturing sector moderated in September after growing at its fastest pace in 13 months in August. The seasonally-adjusted Nikkei India Manufacturing Purchasing Managers Index was lower in September at 52.1 compared with 52.6 in August. The sub-index for new orders eased to 53.6 in September from 54.8 in August.
The country's largest car manufacturer Maruti Suzuki reported highest ever monthly sales, up 31.1% from a year ago. The survey showed that one area of strength was external demand, with firms noting the strongest rise in new export orders since July 2015.
On the recruitment front, greater workplace activity led companies to scale up buying levels and hire additional workers in September but the quantities of purchases rose at slowest pace since June, while job creation remained marginal overall.
The latest PMI figures also showed an intensification of inflationary pressures. It shows input costs and output charges increased at quicker rates.



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