India's factory growth eased in September but remained strong -PMI
© Reuters. A worker grinds a metal shaft metal used in water pumps at a manufacturing unit on the outskirts of the western Indian city of Ahmedabad June 2, 2014. REUTERS/Amit Dave/File Photo
That marked the 27th straight month of the index being above the 50-mark separating expansion from contraction. New orders and output rose sharply despite the sub-indexes easing from August, driven by both domestic and foreign demand. International demand grew for the 18th month in a row.It also prompted firms to increase headcount. The employment index was the highest since November and has been above 50 for six consecutive months although the rate of expansion remained moderate.
"The solid increase in output charges signalled by the PMI data, which occurred in spite of a notable retreat in cost pressures, could restrict sales in the coming months," added De Lima.
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