![Due to decreased demand, India’s manufacturing PMI falls to a 3-month low in August of 57.5.](https://market-tracker.in/wp-content/uploads/2023/11/Manufacturing_PMI_India_ep-600x400.jpg)
Due to decreased demand, India’s manufacturing PMI falls to a 3-month low in August of 57.5.
Data from S&P Global on Monday indicated that although India’s manufacturing activity decreased to 57.5 in August from 58.1 in July, it was still higher than its long-term average of 54.0, indicating a significant improvement in operating conditions. August saw weaker gains in new business and output from Indian manufacturers, albeit their rates of expansion…