India Factory Growth Hits 7 Month High
Indias manufacturing sector expanded sharply in September as robust domestic and export demand drove the fastest factory growth in seven months. The HSBC PMI index jumped to 55.1, reviving hiring and lifting business confidence to a four month high.
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India's manufacturing sector expanded to a seven-month high in September as robust domestic and export demand drove PMI to 55.1. The rebound ended a three-month slowdown, lifting factory activity and business optimism. Stronger order books across multiple industries positioned the sector for a solid fourth-quarter expansion.
