Insta
An industrial and transport equipment manufacturing factory.
The manufacturing purchasing managers index (PMI) reading for August has shown an expansion after contracting straight for five months starting March this year.
The index reached 52 in August, as compared to 46 in July. The manufacturing PMI had already reached a 2-year low in October 2019 at 50.6.
PMI is a survey-based measure that asks the respondents about changes in their perception about key business variables as compared with the previous month. A reading above 50 indicates expansion and a number below this points to contraction.
This was led by new domestic orders as businesses reopened after the easing of lockdown restrictions, Livemint quoted the IHS Markit survey report as saying.
On the other hand, the GST collection for August stood at Rs 86,449 crore, around one per cent less than that of July. Compared to the same month last year, the collection is down by 12 per cent.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest