Tag: india Aug factory

BENGALURU: India's factory growth accelerated at the fastest pace in three months in August, driven by strong growth in new orders and output, according to a private survey that however also showed job creation was at a four-month low. That is good news for Asia's third-largest economy, which grew 7.8% in April-June, slightly above a Reuters forecast of 7.7%, led by robust demand, and was expected to remain a bright spot in the global economy. The Manufacturing Purchasing Managers' Index, compiled by S&P Global, jumped to 58.6 last...