India August Private Sector Growth Recovers
India's private sector growth edged slightly higher in August as a rebound in services offset the weakest factory expansion in five years. Overall demand remained subdued.
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India's private sector activity rose to 54.6 in August from 54.3 in July, rebounding slightly from an over four-year low. The expansion was driven by a services sector recovery that offset the weakest factory growth in half a decade. The reading remained below the recent average of around 60 amid challenging market conditions.
