Manufacturing PMI rises to 52.2 in September on back of new orders

Price pressures intensified ahead of the RBI's monetary policy review as input costs rose the most since June

Manufacturing activity rose in September on the back of new orders from both domestic and foreign markets, showed the widely-tracked Nikkei purchasing managers' index (PMI). This also led to the generation of new jobs, even as September activities were slightly lower than in July. 

At 52.2 points in September, PMI was up from 51.7 in August. A reading below 50 is contraction while a score above that denotes expansion. In July, PMI stood at 52.3 points. 

“Growth of India’s manufacturing sector picked up during the latest survey period, reflective of strengthening demand especially from foreign clients, which helped to drive export growth