New Delhi, July 24 -- Operating conditions across India's private sector continued to improve in July, with a sharp expansion in total sales, export orders and output levels, S&P Global said on Thursday, citing its latest HSBC flash purchasing managers index (PMI) data.
At 60.7 in July, the seasonally adjusted composite output index, which measures the monthly change in the combined output of India's manufacturing and service sectors - was little-changed from June's final print of 61, signalling another month of high growth, S&P said.
The headline figure remained well above its long-run average of 54.8, the credit rating and intelligence provider said. Goods producers registered a faster increase in output than service providers as the ...
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