India factory activity at five-month high in March on strong demand:
PMI
The Nikkei Manufacturing Purchasing Managers'
Index, compiled by IHS Markit, rose to 52.5 in March, from 50.7 in
February, the third month in a row that is has been above the 50 mark
that separates growth from contraction.
Activity in India's manufacturing sector expanded at the fastest
pace in five months in March as output and new orders accelerated,
according to a private survey that also showed price pressures eased.
The
Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS
Markit, rose to 52.5 in March, from 50.7 in February, the third month in
a row that is has been above the 50 mark that separates growth from contraction.
Output and new orders sub-indexes rose to their
highest since October 2016, suggesting the world's fastest growing major
economy has largely recovered from Prime Minister Narendra Modi's shock
decision in November to ban high-value currency notes.
The move caused huge disr
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