Pvt sector growth eases in Sep
New Delhi, Sept. 24 -- Growth in India's private sector business activity, as seen in the Flash Purchasing Managers' Index (PMI), to 61.9 in September from the record high of 63.2 in August, due to a slower increase in new business intakes, particularly international sales, as well as a weaker pace in output and employment growth, according to data released by S&P Global on Tuesday.
To be sure, the September Flash PMI reading was still above 60 and was the second-highest in over two years, as per the release.
A reading above the 50-mark indicates expansion over the last month. The final reading for the index has remained above 50 for four years now.
"The manufacturing PMI moderated but its pace of expansion remains healthy. The imposition o...
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