India’s manufacturing sector growth ticks higher in June; record upturn in employment
NEW DELHI, July 1 (PTI) : India’s manufacturing sector output increased at a sharp pace in June as new business continued to flow in amid favourable demand conditions and resulted in record upturn in employment, a monthly survey said on Monday.
The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) increased from 57.5 in May to 58.3 in June, indicating a sharper improvement in business conditions.
In PMI parlance, a print above 50 means expansion, while a score below 50 denotes contraction.
