India factory output in Sep unchanged over Aug; lowest in over a year: PMI

Growth in India's manufacturing sector remained weak in September and forward looking indicators in a private business survey suggest the country's wobbly economy is unlikely to start recovering anytime soon. The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, was 51.

4 in September, unchanged from August. While it has been above the 50-mark that separates growth from contraction for over two years, the growth rate in September and August was the slowest since May 2018. Worryingly for.....

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