PMI Index: PMI was at the peak of eight months in July due to new orders, the effect of inflation reduced

Posted on 1st Aug 2022 05:15 pm by rohit kumar

The manufacturing sector activities in the country have seen a significant increase in July. The PMI index has reached the highest level in the last eight months. A weekly survey has revealed that business orders have seen a significant uptick in the past months.

 

The S&P Global India Manufacturing Purchasing Managers' Index, which was 53.9 in June, has risen to 56.4 in July. According to these figures, the condition of the manufacturing sector in the country is the best in the last eight months.

 

As per PMI data, the overall operating conditions of the construction sector are looking better than in the last 13 months. Let us tell you that in the PMI index, a figure above 50 indicates growth, while a figure below 50 indicates contraction in the construction sector.

 

According to Pollyanna De Lima, Economics Associate Director, S&P Global Market Intelligence, the Indian construction industry has seen little impact on economic growth and inflation in July. This is a good sign from an economic point of view.

 

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