Manufacturing activity picks up pace in Sept, PMI rises to 52.2: Report

The country's manufacturing sector activity improved in September amid gains in new orders, output and employment, a monthly survey said Monday.

The Nikkei India Manufacturing Purchasing Managers' Index strengthened slightly in September to 52.2, up from 51.7 in August, as sales rose from both domestic as well as foreign clients.
This is the 14th consecutive month that the manufacturing PMI remained above the 50-point mark. In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction.
"Growth of India's manufacturing sector picked up during the latest survey period, reflective of strengthening demand especially from foreign clients, which helped to drive export growth up to its highest level since the turn of the year," said Paul Smith, Economics Director at IHS Markit and author of the report