Manufacturing growth down at 15-month low in Aug on demand slowdown: PMI

Expansion in India's manufacturing sector hit its slowest in 15 months in August as demand and output grew at their weakest pace in a year and cost pressures increased, a private sector survey showed on Monday.

The Nikkei Manufacturing Purchasing Managers' Index , compiled by IHS Markit, declined to 51.4 in August from July's 52.5, its weakest since May 2018. However, it has remained above the 50-mark separating growth from contraction for more than two years.

The survey comes after official figures showed India's economy grew at an annual rate of 5.0 per cent last quarter, its slowest in more than six