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India's September Manufacturing PMI Flash Hits 55.7, Beating Forecasts
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The flash estimate for India's Manufacturing Purchasing Managers' Index (PMI) for September 2023 came in at 55.7, significantly above the market expectation of 53 and the previous month's final reading of 52.8. This data, released by financial data provider Jin10, indicates a sharp acceleration in manufacturing activity in India. A PMI reading above 50 signals expansion, and the September figure suggests robust growth in the sector, driven by strong demand and output. The better-than-expected performance highlights the resilience of India's manufacturing economy amid global economic uncertainties. The final PMI reading for September will be released later, but the flash estimate provides an early and closely watched indicator of economic health.
Source report
India's manufacturing sector recorded a Purchasing Managers' Index (PMI) of 55.7 in September, according to preliminary data.
- September PMI (flash): 55.7
- Market expectation: 53.0
- Previous month (August): 52.8
The latest reading indicates a stronger-than-expected expansion in manufacturing activity, surpassing both analyst forecasts and the previous month's figure.
Source
金十数据Neutral / independent