India's manufacturing sector growth inches up to 52.5 in July: PMI

After a weak core sector data, widely tracked purchasing managers’ index (PMI) gave some relief on the manufacturing side. 

The manufacturing sector activities improved in July as new work orders and output strengthened from the previous month, leading to increase in employment at the fastest pace in five months, according to PMI survey. 

PMI rose to 52.5 in July from 52.1 in June as companies scaled up production in response to a quicker upturn in factory orders. In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction. 

On the price front, the survey said