An economic report from HSBC Holdings showed that the pace of economic activity growth in India is picking up, as growth in the production of goods and services continues to improve thanks to new orders.
According to preliminary data, India's services PMI rose to 60.8 points from 58.4 points last month. The manufacturing PMI rose to 57.4 points from 56.5 during the same period. The composite index for the services and manufacturing sectors rose to 60.7 points.
The indicators showed confidence in the economy, which is based on preliminary surveys, where the data could be revised with the publication of final PMI figures next month.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
