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Manufacturing PMI edges down to 55.1 in Sep

Monday,   03-Oct-2022   03:46 PM (IST)

India's manufacturing activity lost some momentum in September, but cost pressures continued to recede, according to the S&P Global's Purchasing Managers' Index. The S&P Global India Manufacturing PMI edged down to 55.1 from 56.2 in August, data released today showed. A reading above 50 indicates expansion in activity, while a sub-50 print is a sign of contraction. This is the 15th consecutive 50-plus print for the manufacturing PMI.

In September, purchasing costs rose at the slowest pace in just under two years, while output charge inflation receded to a seven-month low, S&P Global said. Businesses benefited from a notable moderation in price pressures and companies sought to restrict selling price hikes and overall charge inflation eased to a seven-month low, it added.