Manufacturing growth down at 15-month low in Aug on demand slowdown: PMI

Expansion in India's manufacturing sector hit its slowest in 15 months in August as demand and output grew at their weakest pace in a year and cost pressures increased, a private sector survey showed on Monday. The Nikkei Manufacturing Purchasing Managers' Index , compiled by IHS Markit, declined to 51.4 in August from July's 52.

5, its weakest since May 2018. However, it has remained above the 50-mark separating growth from contraction for more than two years. The survey comes after official figures showed India's.

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