Manufacturing activity in India dipped to a 15-month low in August, with sales growth falling to its lowest levels and factories reducing input purchases for the first time since May 2018, a private survey showed on Monday. IHS Markit India Manufacturing PMI fell to 51.4 in August from 52.5 in July remaining above the 50-point mark that separates expansion from contraction. Output growth grew at the slowest rate in a year and job growth remained marginal despite expansion in output. "August saw an undesirable combination of slowing economic growth and greater cost inflationary pressures in the Indian manufacturing industry.” said Pollyanna De Lima, Principal Economist at IHS Markit and author of the report.

https://economictimes.indiatimes.com/news/economy/indicators/india-manufacturing-growth-at-15-month-low-in-august-pmi/articleshow/70942848.cms

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