PMI robust as global demand supports output: S&P

Operating conditions across India's private sector continued to improve in July, with a sharp expansion in total sales, export orders and output levels, S&P Global said on Thursday, citing its latest HSBC flash purchasing managers index (PMI) data.

- Gireesh Chandra Prasad

At 60.7 in July, the seasonally adjusted composite output index, which measures the monthly change in the combined output of India's manufacturing and service sectors, was little-changed from June's final print of 61, signaling another month of high growth, S&P said.