India's manufacturing PMI hit a seven month low of 51.1 in Sept as compared to 52.3 in Aug, a release by Markit on behalf of Nikkei India manufacturing showed.
"Staffing levels were reduced, consequently, purchasing activity rose at the weakest pace since December 2013. Reflecting falling commodity prices, input costs decreased on average, and firms subsequently lowered their charges," the release by Markit stated.

Commenting on the Indian Manufacturing PMI survey data, Pollyanna De Lima, Economist at Markit and author of the report, said, "Despite having been supported by sustained increases in new work, growth of Indian manufacturing production in September was weighed down bya difficult economic climate. Nonetheless, the region's growth prospects for the July-September quarter are encouraging.
According to PMI data, the manufacturing sector looks set to provide a stronger contribution to GDP than it did in the April-June quarter."
GoodReturns.in
More From GoodReturns

Crash in Gold Rate in India by Rs 71,400 in Single Day; Will Gold Price Today Fall Below Rs 1.50 Lakh? Outlook

Gold & Silver Rates Today Live: MCX Gold Crashes By Rs 5,645, Silver Falls By Rs 16,540; 24K, 22K, 18K Gold

1:5 Split Soon? Vedanta Ltd To Consider 3rd Interim Dividend On March 23, Share Jumps; Record Date & Buy Call

Sleeper Vande Bharat Express New Routes Identified for Long Distance Travel

Gold & Silver Rates Today Live Updates: Will 24 Carat, 22 Carat, 18 Carat See Bullish Week Ahead?

Mega Gold Price Crash Alert! 24K Sinks Rs 1.36 Lakh/100 Gm In Week; Silver Sees Losses | March 23-27 Outlook

Gold & Silver Rates Today Live: MCX Gold Ends Above Rs 1.40 Lakh, Silver Up 1%; 24K, 22K, 18K Gold On March 24

Gold Rate Crashes Over Rs 1 Lakh in Single Day, Slips to Lowest Since January; Will Gold Price Today Decline?

Gold Price Crash May Fuel Jewellery Demand: Why Kalyan Jewellers Share Price Could Shine Despite 5% Dip

Fatal Crash In Gold Rates In India By Rs 1,03,200/100 Gm; Biggest Single-Day Fall In 24K, 22K, 18K Gold Prices

Gold Rates In India Crash By Rs 29,400 On March 21 After Spot Gold Hits Weakest Week; 24K, 22K, 18K Gold Price



Click it and Unblock the Notifications